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1435 Hervey Avenue, North Chicago, IL 60064
$600,000
1435 Hervey Avenue, North Chicago, IL 60064View this property at 1435 Hervey Avenue, North Chicago, IL 60064
1435 Hervey AvenueNorth ChicagoIL60064
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Property Description
Cash Cow With Possible Rent Increases Too!! 5 Unit Large Solid Brick Townhouse Building Remodeled 2016. New Roof in 2020. Four 3-Bedrooms and One Large 2-Bedroom Unit All With Finished Basements, 2 Full Baths, Fenced Back & Front Yard, Assigned Parking Spaces. Newer Appliances Including Washer and Dryer in Each Unit. Each Unit Has Own Meter For The Utilities. Upgraded Electric and Plumbing. Newer Central Air. Inspected and Up To Code With City. New Drain Tile On All Basement and New Sump Pumps, New Windows Including New Up To Code Basement Egress Window On All Units. Great Cap Rate. Lot To The North & South Are Both Included. Total 7 Pins. Certified Section 8. Increase Rent To 2024 Hud Approved Rent For Section 8 ($1820 For 3 Beds, $1430 For 2 Beds = Total Monthly Potential Income Of $8,710) - See Attached From Hud User. Seller Requests Flexible Closing With 1031 Exchange.
Full Property Details
Full Property Details for 1435 Hervey Ave
General
- Sold For: $600,000
- Taxes: $15,227 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11657428
- Added to Site: 556 day(s) ago
Interior
- Interior Features: Laundry Room
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: North Chicago
- County: Lake
- Driving Directions: GREEN BAY TO 14TH TO HERVEY SOUTH TO ADDRESS ON LEFT
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Onsite: Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane, Reflective Coating
- Stories/Levels: 2
- Square Feet: 7,500
- Current Bldg. Use: Multi-Family
- Year Built: 1957
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 5
Lot Features
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 20,124
- Lot Dimensions: 155 x 130
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $49,353
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1957
- Tax Amount: $15,227.4
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Floor Plan, Existing Survey
- Property ID: 8324040210000
Listed by Blue Fence Real Estate Inc.
Sold by Komar
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Schools
Schools serving 1435 Hervey Ave
School District:North Chicago School District 187
Rating | Name | Grades | Distance |
---|---|---|---|
1717 17th St, North Chicago, IL 60064 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1435 Hervey Ave
Date
Details
Price
Change
Source
4/18/2024
Sold
$600,000
2.21%
MLS
10/20/2022
Listed
$587,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1435 Hervey Avenue, North Chicago, IL 60064 (MLS# 11657428) is a Commercial property that was sold at $600,000 on April 18, 2024. Want to learn more about 1435 Hervey Avenue? Do you have questions about finding other Commercial real estate for sale in North Chicago? You can browse all North Chicago real estate or contact a Coldwell Banker agent to request more information.