Shelly Phares
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Nine-unit value-add opportunity on the corner of Addison and Narragansett, bordering Portage Park and Dunning. Built in 1965, the 2.5-story masonry brick building offers an all 1- and 2-bed mix: four (4) 1BD/1BA, two (2) 2BD/1BA, and three (3) garden 1BD/1BA units, plus six (6) rear surface parking spaces. All units are month-to-month or vacant, giving a new owner full control of the rent roll. Interiors are in clean vintage condition with hardwood floors and tile baths. Central boiler heat, window A/C, separately metered tenant-paid electric, and building-owned common laundry. Major capital work is done: full flat roof replacement with new drains (2020), permitted electrical upgrade with GFCI protection and lighting (2022), and new railings (2022). Located at the corner of Addison and Narragansett, the property is steps from CTA #152 Addison and #86 Narragansett bus service. Residents also have nearby access to Merrimac Park, Wright College, the Harlem Avenue retail corridor, and the Kennedy Expressway.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Triton Realty Group LLC
312-788-9379
MRED MLS
MLS ID: 12784713
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6361 W Addison Street , Chicago, IL 60634.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,150,000 | $1,150,000 | $1,150,000 |
| Down Payment | $40,250 | $0 | $230,000 |
| Monthly Mortgage Amount | $7,512 | $7,914 | $6,354 |
| Taxes | $1600 | $1600 | $1600 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $690 | $0 | $0 |
| Monthly Estimated Total | $10,137 | $9,849 | $8,289 |
Shelly Phares
REALTOR®
Cell: (309) 269-2669
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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