1625 Morse Avenue, CHICAGO

$1,599,000

0 Beds
0 Baths
0 Sqft
.15 Acres
0 Garages

Great opportunity to own newer condo-quality 6 flat. Building consists of 2 simplexes and four duplex units and 6 garage parking spots. Fully Rented with income of $11,525 monthly. Building has been professionally managed since 2015 by a top notch company (City Habitat) and has a solid track record of consistent financial performance going back several years. Top of the line kitchen and baths. In-unit washer and dryer, all hardwood, fireplaces, tenant pays everything. 48 hour notice to show please. Property taxes were just successfully appealed (now estimated to be $16,100). Financials are a pro forma using 3-year averages for most expense projections. See attached Financial Statement showing past 3 years plus pro forma).

Essential Information
MLS® #10385506
Price$1,599,000
Acres0.15
Year Built2004
TypeCommercial
Sub-TypeMulti Family 5+
StatusActive
Community Information
Address1625 Morse Avenue
AreaCHI - Rogers Park
CityCHICAGO
CountyCook
StateIL
Zip Code60626
Amenities
Parking Spaces6
Interior
HeatingCentral Heat/Indiv Controls
CoolingCentral Air
FireplaceYes
# of Fireplaces6
Stories3
Exterior
ConstructionBrick
Additional Information
ZoningMULTI
Listing Details
OfficePearson Realty Group
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,624,999 to $1,599,000
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,649,999 to $1,624,999
Status Changed from Price Change to Active
Show All History (7)
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Listing information last updated on October 16th, 2019 at 7:05pm CDT.