508 Cass Avenue

    Westmont, IL 60559
    • $1,600,000
    • STATUS: Active Under Contract
    • ON SITE: 72 days
    • MLS #: 10263778
    Under Contract
    UPDATED: 31 min ago
    $1,600,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    Rare opportunity to acquire multi-unit property in near-west suburbs. This is a "broken condo", where 13 of the 20 units in the building are owned by the Seller, and 7 are individual condo owners. Of the 13 units, 9 have been renovated to condo-like finishes, and the remaining four are in good condition. Seller also owns 11 of the 19 garages, and there are 24 common element parking spaces. Building is centrally located, near shopping on Ogden Ave, Public Library, and Metra train. Value add opportunity to renovate remaining units, raise rents, and possibly acquire remaining condo units over time.

    Monthly Payment Calculator



    © 2019 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 the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2019-04-18T09:52:01.737.

    Digital Millennium Copyright Act
    www.propertyconsultants.com/homes/91560263

    508 Cass Avenue Westmont, IL 60559

    • Price: $1,600,000
    • Status: Active Under Contract
    • Updated: 31 min ago
    • MLS #: 10263778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1973
    Built
    Neighborhood:
    Westmont
    County:
    DuPage
    Area:
    Westmont
    Property Description
    Rare opportunity to acquire multi-unit property in near-west suburbs. This is a "broken condo", where 13 of the 20 units in the building are owned by the Seller, and 7 are individual condo owners. Of the 13 units, 9 have been renovated to condo-like finishes, and the remaining four are in good condition. Seller also owns 11 of the 19 garages, and there are 24 common element parking spaces. Building is centrally located, near shopping on Ogden Ave, Public Library, and Metra train. Value add opportunity to renovate remaining units, raise rents, and possibly acquire remaining condo units over time.
    Exterior Features

    Lot Dimensions 66X82 Number Of Parking Spaces 35

    Interior Features

    Air Conditioning Central Air Indoor Parking 6-12 Spaces Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 12 Number Of Dryers 2 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 13 Number Of Refrigs 13 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 9 Number Of Units Apt Type2 4 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 2 Outdoor Parking 19-30 Spaces Repairs Decor Expense 5396

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electricity Expense 0 Fuel Expense 0 Gross Rental Income Amount 217920 Heat Ventilation Forced AirGas Insurance Expense 0 Janitor Expense 0 Monthly Income Max1 1435 Monthly Income Max2 1375 Net Oper Income Amount 13916 Net Operating Income Year 2017 Other Expenses 30188 Owners Assoc YN Yes Potential Use CondominiumResidential-Multi-Family Tax Year 2017 Taxes 32380 Tenant Pays Electric Total Annual Exp 78755 Total Annual Expense Source Owner Projection Total Annual Income 217920 Total Monthly Income 18160 Township Downers Grove Type Multi Family Corridor-Exterior EntranceCorridor-Interior EntranceCondo/Townhouse Washer Dryer Lsd YN Yes Water Expense 0

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Charles Rutenberg Realty Of IL.


    © 2019 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 the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2019-04-18T09:52:01.737.

    Digital Millennium Copyright Act
     
    Property Consultants Realty
    2200 N Damen Ave.
    Chicago IL, 60647