6100 S Harlem Avenue, Summit, IL 60501

  • $765,000
  • $765,000
6100 S Harlem Avenue, Summit, IL 60501
  • Commercial Sale
  • Property Type
  • 1963
  • Year Built
For Sale
6100 S Harlem Avenue, Summit, IL 60501
  • $765,000
  • $765,000

Overview

Property ID: 22383409
  • Commercial Sale
  • Property Type
  • 1963
  • Year Built

Description

The Subject Property consists of eight (8) 1-bedroom, 1-bathroom apartments. A new owner can achieve an attractive 8.16% cap rate on current income. Current rents are below market rates presenting an opportunity for an investor to increase rental income by almost 18%, resulting in over a 22% increase in Net Operating Income. The property is all electric, meaning heat is tenant paid. Tenants also benefit from on-site coin laundry.

  • Address 6100 S Harlem Avenue
  • City Summit
  • State/county IL
  • Zip/Postal Code 60501
  • Country United States

Details

Updated on August 23, 2024 at 6:30 pm
  • Property ID: 22383409
  • Price: $765,000
  • Year Built: 1963
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12089947
  • Office Name: ESSEX 312, LLC
  • Agent Name: Ryan Blake
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD88183
  • List Agent MLSID: MRD882372
  • List Date: 2024-06-24T20:38:13.000Z
  • Tax Annual: 17097
  • Tax Year: 2023
  • County: Cook

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