6863 N Northwest Highway #1A

Welcome home to a very well-maintained, first floor, corner, condo unit condo in an excellent area! Walk into freshly painted unit with warm grey tones and a sun drenched unit dotted with south and west windows for that natural, crisp sunlight exposure accentuated by a functional floor plan. The living room refreshingly opens up to a balcony and a beautiful kitchen area with its honey colored kitchen cabinets, an impressive counter-top, s/s appliances and a large space designated for a breakfast table. Each bedroom is very spacious and it boasts huge closets; this unit has three additional closets for extra space too - plus a storage facility in the basement (Storage Unit #1A). And, as we know, the area is phenomenal: walk a few blocks west to downtown Park Ridge or walk a few blocks east to Edison Park - and enjoy the lively scene! Rentals OK. Pets OK. The following section consists of pertinent information to the unit/building. MONTHLY HOA DUES: The HOA dues are $383.83 per month. However, you only pay for electricity and cable/internet. The current owner just paid a special assessment and this covered a new roof, heated gutters and downspouts for the building. The roof now is about 2 months old. There is also discussion among the unit owners to lower the monthly HOA bills but it has not been confirmed yet. PROPERTY TAXES: The current, 2019 property tax bill is $3,124 per year without a homeowner's exemption on this unit. Your property tax bill will be about $689 less with a homeowner's exemption, which will reduce your property tax bill from $3,124 per year to about $2,435 per year. PARKING: This unit is next in line for an assigned parking space; you are guaranteed an assigned parking space but not right away; it will take an estimated 6-12 months in order to receive an assigned parking space; basically, another unit owner has to sell their unit and then you get a spot. In the meantime, there is also a ton of street parking in front of the building on Northwest Highway and one block south on Olmstead Avenue. RENTALS: You can rent this unit! The Association allows up to four (4) units to be rented. Presently, only one (1) unit is rented. Your prospective tenant will need a 680+ FICO score, per HOA rules, and the tenant will need to be approved by the Association. You can easily rent this particular unit for about $1,500 per month and, hence, capture $18,000 in gross rental income per year. Rental comparables can be proven at MLS #10276197 ($1,525) or MLS #10302315 ($1,550). LAUNDRY: There is also a coin-operated washer ($1) and dryer ($1) in the basement. Show and sell. A 10! NOTE: There is no security deposit. There is a $300 one-time charge, non-refundable move-in fee.