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14801 Kilpatrick Ave, Midlothian, IL 60445

$528,000

Last sold 07/15/2019 for $395K

9
bed
—
bath

Multi-family not for sale

About 14801 Kilpatrick Ave

Property type Multi-family

Year built 1980

HOA fee $0/month

Lot size 10,454 Sqft

Movoto estimate

Parking 3 garage spaces

Property description

10.2% CAP Rate 14.06 GRM estimated. Total Annual Gross Income including units and garage rents and coin laundry is $59,760. Total Annual Expenses including utilities, yard maintenance and property tax is $16,320. Current property tax is $10,925. 4 Unit brick building. New water heater. Nice location and yard. All units are fully remodeled. 1 - 3 Bedrooms 2 Full Baths with Patio. 3 - 2 Bedrooms 1 Full Bath with Balcony. 3 Car detached garage for rent to tenants or neighborhood residents. 6 parking spaces for tenants back of Building. Large basement is perfect for storage and expansion. 4 tenant storage units and coin operated laundry are in basement. Tenants pay electricity separate meter for each tenant. Close to Cicero Ave, schools, library, country club, shopping, I-294 and Metra. Great tenants, clean and well managed building. Ready for pre-qualified investors or owner occupants. Must see and make your offer today.

Listed by

Listing Agent - Ieva Macius

Listing Office - Keller Williams Preferred Rlty

Source: MRED

MLS#10441131 • last updated 7 years ago

Movoto checked MRED for data 10 minutes ago

Overview
Heating	Gas, Radiators
Levels/Style	Traditional
MLS #	10441131
Type	Two To Four Units
Property Tax $	10956
Year Built	1980

Interior
Basement	Unfinished, Full
Total # of Rooms	17
Other Room(s)	Utility Room-Lower Level

Exterior
Exterior Features	Balcony, Patio, Porch, Cable Access
Foundation	Concrete Perimeter
Exterior	Brick
Roof	Asphalt/Glass (Shingles)
Parking Desc	Garage, Space/s, Unassigned
# Parking Spaces	9, 6
Garage Desc	Detached, Garage Door Opener(s)
Lot Desc	Less Than 0.25 Acre, Corner, Landscaped Professionally

Amenities / Utilities
Sewer/ Septic Desc	Sewer-Public
Water Source	Lake Michigan, Public

Location
County	Cook
High School District	228
Elementary School District	142
Middle School District	142
Directions	Cicero Ave & 147th To Kilpatrick, South To Building
APN	28103000760000
Zoning	MULTI

Multifamily Details
Unit 2: Interior Features	Stove, Refrigerator, Dishwasher
Unit 3: Interior Features	Stove, Refrigerator, Dishwasher
Unit 1: Interior Features	Stove, Refrigerator, Dishwasher
Unit 4: Interior Features	Stove, Refrigerator, Dishwasher
Unit 4: Tenant Pays	Electric
Unit 3: Tenant Pays	Electric
Unit 2: Tenant Pays	Electric
Unit 1: Tenant Pays	Electric
Unit 1: Rent	1350
Unit 3: Rent	1150
Unit 2: Rent	1100
Unit 3: Total # of Rooms	4
Unit 1: Total # of Rooms	5
Unit 4: Total # of Rooms	4
Unit 2: Total # of Rooms	4
Unit 4: Rent	1150
Unit 4: # of Bedrooms	2
Unit 3: # of Bedrooms	2
Unit 2: # of Bedrooms	2
Unit 1: # of Bedrooms	3
Expense: Electricity	300
Gross Rental Income	59760
Net Operating Income	43440
Unit 2: Security Deposit	1100
Unit 1: Security Deposit	1000
Unit 3: Security Deposit	2300
Expense: Fuel	2188
Expense: Water	1560