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Property in Illinois

Approximate value $: 269,800

(2) 4-Unit properties for trade. Excellent cash flow.

In exchange for House in Texas

Chicago Heights Illinois

65 W. 23rd Street:

Gross rents $29,400 per year, Gross bills $4,880 per year, income less debt service $24,520 per year. Property has new roof last year, covered deck in the rear, 8x10 shed in back, all apartments are rented and updated, off street parking, appliances in all units, tenants pay gas and electric, fireplace/grill off deck made of brick, garden in the rear, Asking $139,900. (3) one bedrooms one bath and (1) two bedroom one and a half bath.

77 West 23rd Street:

Gross rents $26,940 per year, gross bills $8.180 per year, income less debt service $18,760 per year. There is a 2 car garage in the rear not used or rented, two tenants pay electric and two I pay electric, I pay the gas for the building, Handy man lives in one unit, new sewer line this year, Building built in 1886, DRY stone wall foundation in the basement. Asking $129,900. (3) one bedroom one bath and (1) studio. All apartments have appliances.

Will sell separately or together. Both properties have a full basement, off street parking, nice yards in a quite area. These are excellent rental properties. I have had them for over four years now. The reason I am selling is because we will be moving in the spring to the summer. The handy man takes care of both buildings and can also be a property manager if you need him to be. All apartments are fully rented with some long term tenants.

I NEED a property in the Northeast to Southeast area of Dallas in the country. I NEED acrage. At least 10+ acres

ID: 22, Submitted: 03/26/2008 13:29:51, Updated: 03/26/2008 13:29:51, Visitors: 3269

   

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