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557 Dempster Street

Mount Prospect, Illinois 60056


Paula Carson
847.845.3948

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$470,000


Square Footage
5,686


Property Type
Multiple Family
Neighborhood
Mount Prospect


FULLY LEASED AND IMPECCABLY MAINTAINED ALL BRICK 6 UNIT BUILDING LOCATED WITHIN A WELL MANAGED APARTMENT COMMUNITY. CAP RATE IS 7.5% AND THE GROSS INCOME IS $63,300...AND CAN EASILY BE INCREASED! THE ROOF IS APPROXIMATELY 6 YEARS OLD, HOT WATER TANK WAS REPLACED IN 2011, CHIMNEY WAS TUCK-POINTED IN 2013, 4 NEWER STOVES WITH ELECTRONIC IGNITIONS, 3 NEWER REFRIGERATORS, NEW EJECTOR PUMP 2015, BOILER RECENTLY SERVICED AND IS IN EXCELLENT CONDITION, ENERGY EFFICIENT TOILETS, THE EXTERIOR AND INTERIOR WAS PAINTED IN 2015! WASHER AND DRYER ARE OWNED. MONTHLY ASSESSMENT OF $270.00 INCLUDES; SCAVENGER, PARKING LOT & SIDEWALK MAINTENANCE, LAWN CARE AND SNOW REMOVAL. ALL OF THIS LOCATED WITHIN WALKING DISTANCE TO MOUNT PROSPECT'S "RECPLEX" AND CONVENIENTLY LOCATED NEAR SHOPPING AND INTERSTATE ACCESS.



Full Features
Exterior Type: Brick
Pool: No
Square Feet: 5,686
Tax Amount: $12,633
Built: 1974
Parking Spaces: 6
Cooling System: Wall Sleeve,Window Unit/s
Stories: 2
Roof: Shingle Composition
Current Use: Residential-Multi-Family
Potential Use: Residential-Multi-Family
Zoning: MULTI
Building Square Feet: 5,686
Current Net Income: $36,216
Unit 1: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 3: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 4: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 5: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 6: 4 room(s) / 2 bed(s) / 1 bath(s)
School District(s): No Data Available


Taxes & Assessments
Taxes: $12,633


Listing Office: Century 21 Elm, Realtors

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Mount Prospect photo


Mount Prospect

The village of Mount Prospect is located 22 miles northwest of downtown Chicago, and encompasses over ten square miles in Cook County. The area was first inhabited by the Potawatomi tribe, and in 1833, a treaty was signed with theā€¦

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Nearby Public Transportation

Metra
Union Pacific Northwest

at Mt Prospect Metra (1.88 miles away)






557 Dempster Street Mount Prospect, Illinois 60056 is a multiple family property, which sold for $470,000. Want to learn more about 557 Dempster Street Mount Prospect, Illinois 60056? Contact an @properties agent to request more info.


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