Chicago, IL 60620,9026 S Laflin ST
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Chicago, IL 60620,9026 S Laflin ST
Chicago, IL 60620,9026 S Laflin ST
Chicago, IL 60620,9026 S Laflin ST
Chicago, IL 60620,9026 S Laflin ST

$370,000

Est. payment /mo

$370,000

Est.Price: ?

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9026 S Laflin ST Chicago, IL 60620

8 Beds

4 Baths

6,534 Sqft Lot

SOLD DATE : 12/11/2020

Key Details

Sold Price $370,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

Subdivision Brainerd

MLS Listing ID 10838117

Sold Date 12/11/20

Bedrooms 8

Maintenance Fees $800

Year Built 1950

Annual Tax Amount $5,115

Tax Year 2019

Lot Size 6,534 Sqft

Lot Dimensions 50' X 124.7'

Property Description

* 9.02% In Place Cap Rate * Gross Income (w/ 5% vacancy)- $48,837 * NOI - $33,380 Kiser Group is pleased to exclusively offer for purchase 9026 S. Laflin, a four (4) unit walk-up building located in the Brainerd neighborhood of Chicago's south west side. This asset has been meticulously maintained, and has served as a family heirloom for several decades. Conveniently, the property sits just three (3) blocks from the Brainerd Metra Station and is also situated less than one mile from Chicago's renowned Beverly Country Club. 9026 S. Laflin is solely comprised of beautiful and spacious 2b/1ba units. All of which contain, both, a separate living room and separate dining room adjacent to the kitchen. All of the tenants are long term with average tenancy exceeding 10 years. The units have been updated with newer kitchens and baths, and all are heated via individual furnaces. Recent capital improvements to the building consist of, but not limited to: newer (and individual) hot water tanks, updated furnaces, masonry and tuckpointing, as well as roof maintenance. Additionally, the building is equipped with a laundry facility in the lower level along with individual tenant storage rooms. The building also features a parking lot in the back large enough for five (5) vehicles. 9026 S. Laflin provides an investor with a rare opportunity to acquire a stabilized, strong cash flowing asset in Chicago's desirable pocket of Brainerd. From day one, a new owner will inherit and capitalize on an incredibly strong and long term tenant base with exceptionally low expenses. With no gas bill and the City of Chicago responsibly for garbage pickup, a new owner will realize an in place cap rate of 9% with an opportunity to achieve a pro forma cap rate of nearly 11% by raising rents to

Location

State IL

County Cook

Area Chi - Washington Heights

Rooms

Basement Full

Interior

Heating Forced Air, Indv Controls

Fireplace N

Building

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Aaron Sklar • Kiser Group Realty Inc
Bought with Walter Rice • WTR Family Realty, LLC

Laurie Field

Real Estate Advisor

+1(312) 504-7010

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