Craig Newcomb
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Rare greystone 4-flat in the heart of downtown Oak Park. This vintage multi-family building sits on a quiet cul-de-sac street, and all four units are unusually spacious: 3 bedrooms each, with separate living and dining rooms and a large private backyard. Seller has operated it as a true armchair investment - it has been easy to rent and manage, and it is ready to run as-is. Rents are below market in current condition. Live in one unit and rent the other three, and/or Value-Add the investment by updating kitchens and baths to push returns further. Laundry in basement. Each side has basement living space currently unused that include kitchens and baths. Those can be duplexed to the first-floor units to create two massive units plus the 2nd floor 3 bedrooms units - excellent for owner's unit or high rent units. Location: less than a 1-minute walk to the Blue Line and Metra. Short walk to Target, Trader Joe's, Whole Foods, Jewel, Lake Street Theatre, and the shopping, dining, and entertainment of downtown Oak Park.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 12
Bathrooms: 6
County: Cook
High School: Oak Park & River Forest High Sch
Listed By:
Process Driven Real Estate
773-405-6384
MRED MLS
MLS ID: 12798089
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111 S Maple Avenue, Oak Park, IL 60302.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,350,000 | $1,350,000 | $1,350,000 |
| Down Payment | $47,250 | $0 | $270,000 |
| Monthly Mortgage Amount | $8,708 | $9,059 | $7,276 |
| Taxes | $1879 | $1879 | $1879 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $810 | $0 | $0 |
| Monthly Estimated Total | $11,791 | $11,332 | $9,549 |
Craig Newcomb
REALTOR®
Managing Broker
Office: (563) 441-5043
Cell: (563) 340-1035
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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