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    15 Racine Avenue , 1N

    Chicago, IL 60607
    • $400,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 10849920
    UPDATED: 61 min ago
    $400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,150
      SQFT
    • $348
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:

    School Ratings & Info

    Description

    ZERO LANDLORD RESPONSIBILITY AND 0% SELLER FINANCED OPPORTUNITY IN ULTRA PRIME WEST LOOP. JUST SOUTH OF MADISON/RACINE STOPLIGHT INTERSECTION. 5.63% CAP W/22.2% LEVERED ANNUAL RETURN DURING 0% SELLER FINANCING PERIOD. ***$400K PURCHASE PRICE, $100K DOWN, $300K SELLER FINANCED FOR 0% FOR 30 MONTHS***NOI OF $22,548. AT THE END OF 30 MONTHS, BALANCE WOULD BE ROUGHLY $244,500 & SELLER WILL CONTINUE TO CARRY FINANCING AT 6% BEYOND THE 30 MONTH PERIOD. SELLER WILL CONTINUE TO MANAGE, ERGO ZERO LANDLORD RESPONSIBILITY. REAL ESTATE OFFICE HAS OCCUPIED THE SPACE FOR 11+ YEARS. OTHER SPACES AVAILABLE WITH SIMILAR TERMS IN WEST LOOP, WICKER PARK & LAKEVIEW. TENANT PAYS ALL UTILITIES AND THEY ARE SEPARATELY METERED FOR THE SPACE.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-20T21:50:02.803 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    15 Racine Avenue , 1N Chicago, IL 60607

    • Price: $400,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 10849920
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,150
    SQFT
    $348
    $/SQFT
    2009
    Built
    Neighborhood:
    Chi - Near West Side
    County:
    Cook
    Area:
    Chi - Near West Side
    Property Description
    ZERO LANDLORD RESPONSIBILITY AND 0% SELLER FINANCED OPPORTUNITY IN ULTRA PRIME WEST LOOP. JUST SOUTH OF MADISON/RACINE STOPLIGHT INTERSECTION. 5.63% CAP W/22.2% LEVERED ANNUAL RETURN DURING 0% SELLER FINANCING PERIOD. ***$400K PURCHASE PRICE, $100K DOWN, $300K SELLER FINANCED FOR 0% FOR 30 MONTHS***NOI OF $22,548. AT THE END OF 30 MONTHS, BALANCE WOULD BE ROUGHLY $244,500 & SELLER WILL CONTINUE TO CARRY FINANCING AT 6% BEYOND THE 30 MONTH PERIOD. SELLER WILL CONTINUE TO MANAGE, ERGO ZERO LANDLORD RESPONSIBILITY. REAL ESTATE OFFICE HAS OCCUPIED THE SPACE FOR 11+ YEARS. OTHER SPACES AVAILABLE WITH SIMILAR TERMS IN WEST LOOP, WICKER PARK & LAKEVIEW. TENANT PAYS ALL UTILITIES AND THEY ARE SEPARATELY METERED FOR THE SPACE.
    Exterior Features

    Lot Dimensions Common Lot Sq Ft 6000 Number Of Parking Spaces 0 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Smoke Or Fire Protectors Floor Finish Wood Number Of Drive In Doors 0 Number Of Stories 1

    Property Features

    Electrical Service Circuit Breakers Heat Ventilation Forced AirGas Max Avail Sq Ft Rentable 1150 Min Avail Sq Ft Rentable 1150 Net Oper Income Amount 22548 Net Operating Income Year 2019 Property Offered For Sale Only Tax Year 2018 Taxes 7164 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatReal Property TaxesWater/Sewer Total Annual Income 34200 Total Monthly Income 34200

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Quest Realty Group Llc.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-20T21:50:02.803 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    eXp Realty
    1544 Shermer Road
    Northbrook IL, 60062