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$355,000
Favorite
5,900
square ft

1018 Madison Street

Maywood, Illinois 60153
Closed / MLS #10892809 / Multiple Family / Maywood
Listing information updated 8/3/2023 at 1:29pm
Well stabilized 8-unit multifamily consisting of (6) 2bds and (2) 3bds. Many recent upgrades including, but not limited to, a full tear off roof in 2017, new parking lot, new boilers, and over $20,000 in other improvements. The building boasts a strong community of stable, long term tenancy and consistent collections. Super easy to manage. 100% occupied for each of the last 15+ years. Individually heated units paid by the tenants, which helps keeping the expenses low. There are five tandem parking spots (10 total) for potential additional income. Excellent cash flowing property for investors. In-place 11% Cap Rate and 27% Cash-on-Cash return! The property is being sold "as-is". Offering Memorandum can be made available. This property gives an exceptional opportunity to acquire a stable, in-place income stream as an entry-level real estate investment or to add to your portfolio.

Full Features

Exterior Type:
Brick
Water Front:
No
Square Feet:
5,900
Acreage:
0.12
Built:
1967
Parking Spaces:
10
Stories:
3
Roof:
Composition
Current Use:
Multi-Family
Zoning:
MULTI
Building Square Feet:
5,900
Current Net Income:
$38,339
Unit 1:
5 room(s) / 3 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:
$19,751
Tax Year:
2019

Location

Zip Code:
60153
City:
Maywood
County:
Cook

Listing Office: Kiser Group Realty Inc

Listing Office Phone: 773.293.5000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/3/2023 at 1:29pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Metra

Metra
Milwaukee District West line at Maywood Metra
Metra
Union Pacific West line at Maywood
$230,626
Average Sale Price
83
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1018 Madison Street, Maywood, IL 60153

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1018 Madison Street is a multiple family which sold for $355,000. This multiple family has been listed on @properties since October 5th, 2020 and was built in 1967. The nearest transit stops include Maywood Metra Union Pacific West line.

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