8253-59 S Elizabeth St CMA Package 05 20 11 by Jorge_Newbery

VIEWS: 1 PAGES: 9

									                  American Homeowner Preservation CMA Sheet 

Name: Abe Rabah 

Phone Number: 312‐464‐0460 

Email Address: abe@thereobroker.com            

Brokerage: Great Street Properties 

Subject Property Address: 8253‐59 S Elizabeth St, Chicago IL 60620 

Vacant or Occupied: Occupied 

Quick Sale Value: $130,000 

Comments:  The subject is a 4 story brick apartment building in the Auburn 
Gresham area of Chicago, a low demand, high REO area with a moderate risk for 
vandalism.  The subject is located near Foster Park, schools, shopping and 
community areas.  The subject’s address is 8259 S Elizabeth according to the Cook 
County Assessor, with the address of 8253 S Elizabeth being assigned to the 
garage of the property.  The subject’s exterior is in overall average condition and 
appears to be maintained well for the area.  The building is located on the corner 
of Elizabeth and 83rd St with entrances on 83rd and the interior side.  The subject’s 
lawn is cut and well maintained, however the garage is very dilapidated and 
needs tuckpointing, windows and doors.  The subject’s interior is assumed to be 
in overall average condition for the area.  The property has not been listed but if it 
were marketed, a list price of $139,000 would be suggested with a sales value of 
$130,000 for a quick sale.      

 

 

 

 

 
Insert Picture(s): 




                      front 




                      side 




                      side  




                      garage 




                      street 
connectMLS - Connecting Your Real Estate Community                                                                                               Page 1 of 7
                                                              Multi Family 5+                       MLS #: 07675986            List Price:$75,000
                                                                   Status: CLSD                  List Date: 11/12/2010   Orig List Price: $75,000
                                                                     Area: 8068               List Dt Rec: 11/12/2010         Sold Price:$60,000
                                                                 Address: 7047 S Green St , Chicago, Illinois 60621
                                                               Directions: 71ST WEST TO GREEN 1 BLOCK WEST OF HALSTED
                                                             Closed Date: 12/14/2010             Contract: 12/03/2010    Lst. Mkt. Time:22
                                                                  Off Mkt: 12/03/2010           Financing: Cash                   Points:
                                                               Year Built: 1926             Blt Before 78: Yes                     CTGF:
                                                             Dimensions: 75 X 125
                                                          Unincorporated: Yes                   Township: South Chicago     Subdivision:
                                                             Coordinates: S:7000 W:800                                           County: Cook
                                                            Zoning Type: Multi-Family
                                                           Actual Zoning: R-4                       PIN #: 20204310170000 Multiple PINs:No




                                                          Remarks: ENGLEWOOD 24 UNIT NEEDS REHAB. BUILDING BEING SOLD AS-IS. LARGE UNITS
                                                          (6) 3 BR, (12) 2 BR & (6) 1 BR.




 Acreage:0                      Lot SF: 0     Total Bldg SF:             Total # Units: 24                # Stories:03             # Parking Spaces: 0
Basement: Full          # Dishwashers: 0        # Washers:0                  # Dryers: 0           Wash/Dry Leased:                       # Ranges: 0
                           # Disposals: 0   # Refrigerators:0             # Fireplaces: 0             # Window AC:0                  Last Lease Exp:
                                                                                                                                    Monthly Income Range
Apartment Info              # Units               Rooms                        Bedrooms                     Baths (F/H)
                                                                                                                                         (Min-Max)
     Type 1                     6                     2                             0                             1                           0
     Type 2                     9                     3                             1                             1                           0
     Type 3                     6                     4                             2                             1                           0
     Type 4                     3                     5                             3                             1                           0
     Type 5                     0                     0                             0                             1                           0
     Type 6                     0                     0                             0                             1                           0
     Type 7                     0                     0                             0                             1                           0
Age: Older                                     Type of Multi-Family: Flats                              Air Cond:
Type Ownership:                                Construction: Brick                                      Electricity:
Frontage/Access:                               Exterior: Brick                                          Fire Protection:
Current Use:                                   Foundation: Concrete                                     Heat/Ventilation: None
Potential Use:                                 Roof Structure:                                          Utilities To Site:
Client Needs:                                  Roof Coverings: Rubber                                   Tenant Pays: Varies by Tenant
Client Will:                                   Misc. Outside:                                           HERS Index Score:
Known Encumbrances:                            Indoor Parking:                                          Green Disc:
Amenities: Sidewalks                           Outdoor Parking:                                         Green Rating Source:
Monthly Assmt Incl: None                       Bsmt Desc:                                               Green Feats:
Owner's Assoc:                                 Misc. Inside:                                            Possession:
                                                                                                        Sale Terms:
                                                                                                        Backup Info:
         Gross Rental Income: $0                   Total Monthly Income: 0                                    Total Annual Income:0
        Gross Rental Multiplier: 0                           Tax Amount: $3,210.07                                        Tax Year: 2009
            Total Annual Exps: 0                         Expense Source:                                              Expense Year:
 Annual Net Operating Income: $0                   Net Oper Income Year:                                                  Cap Rate: 0
       Janitor Expense ($/src): $0/                 Fuel Expense ($/src): $0/                           Electricity Expense ($/src): $0/
        Water Expense ($/src):$0/              Scavenger Expense ($/src): $0/                           Insurance Expense ($/src): $0/
Repairs/Decor Expense ($/src): $0/                 Other Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07675986                                                                    Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                            5/20/2011
connectMLS - Connecting Your Real Estate Community                                                                                               Page 2 of 7

                                                              Multi Family 5+                      MLS #: 07687233              List Price:$97,000
                                                                   Status: CTG                  List Date: 12/03/2010     Orig List Price: $105,000
                                                                     Area: 8071              List Dt Rec: 12/03/2010           Sold Price:
                                                                 Address: 7800 S Marshfield Ave , Chicago, Illinois 60620
                                                               Directions: ASHLAND TO 79TH ST. WEST TO MARSHFIELD ONE WAY.
                                                             Closed Date:                       Contract: 03/26/2011      Lst. Mkt. Time:169
                                                                  Off Mkt:                     Financing:                          Points:
                                                               Year Built: 1926            Blt Before 78: Yes                       CTGF:A/I
                                                             Dimensions: 50 X 140
                                                          Unincorporated:                      Township: North Chicago       Subdivision:
                                                             Coordinates: S:7800 W:1615                                           County: Cook
                                                            Zoning Type: Multi-Family
                                                           Actual Zoning: RS-3                     PIN #: 20304340160000 Multiple PINs:Yes




                                                          Remarks: REGULAR SALE! CASH BUYER ONLY! 12-UNITS VACANT BUILDING! SOME WORK
                                                          DONE BUT STILL NEEDS LOTS OF WORK! 3-UNITS 3 BEDROOMS 1 BATH! 7-UNIT 2 BEDROOM
                                                          1 BATH! 3-UNITS 1 BEDROOM 1 BATH.




 Acreage:0                      Lot SF:       Total Bldg SF:             Total # Units: 12                # Stories:3              # Parking Spaces: 0
Basement: None          # Dishwashers:          # Washers:                   # Dryers:             Wash/Dry Leased:                       # Ranges:
                           # Disposals:     # Refrigerators:              # Fireplaces:               # Window AC:                   Last Lease Exp:
                                                                                                                                    Monthly Income Range
Apartment Info              # Units               Rooms                        Bedrooms                     Baths (F/H)
                                                                                                                                         (Min-Max)
     Type 1                     2                     5                             3                             1                          0-0
     Type 2                     7                     4                             2                             1                          0-0
     Type 3                     3                     3                             1                             1                          0-0
     Type 4                     0                     0                             0                                                         0
     Type 5                     0                     0                             0                                                         0
     Type 6                     0                     0                             0                                                         0
     Type 7                     0                     0                             0                                                         0
Age: Older                                     Type of Multi-Family: Flats                              Air Cond:
Type Ownership:                                Construction:                                            Electricity:
Frontage/Access:                               Exterior:                                                Fire Protection:
Current Use:                                   Foundation:                                              Heat/Ventilation: Forced Air, Separate Per Unit
Potential Use:                                 Roof Structure:                                          Utilities To Site:
Client Needs:                                  Roof Coverings:                                          Tenant Pays: Other
Client Will:                                   Misc. Outside:                                           HERS Index Score:
Known Encumbrances:                            Indoor Parking:                                          Green Disc:
Amenities:                                     Outdoor Parking:                                         Green Rating Source:
Monthly Assmt Incl:                            Bsmt Desc:                                               Green Feats:
Owner's Assoc:                                 Misc. Inside:                                            Possession:
                                                                                                        Sale Terms:
                                                                                                        Backup Info:
         Gross Rental Income: $0                   Total Monthly Income: 0                                     Total Annual Income:0
        Gross Rental Multiplier: 0                           Tax Amount: $16,453                                           Tax Year: 2009
            Total Annual Exps: 0                         Expense Source:                                               Expense Year:
 Annual Net Operating Income: $0                   Net Oper Income Year:                                                   Cap Rate:
       Janitor Expense ($/src): $0/                 Fuel Expense ($/src): $0/                           Electricity Expense ($/src): $0/
        Water Expense ($/src):$0/              Scavenger Expense ($/src): $0/                           Insurance Expense ($/src): $0/
Repairs/Decor Expense ($/src): $0/                 Other Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07687233                                                                    Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                            5/20/2011
connectMLS - Connecting Your Real Estate Community                                                                                                  Page 3 of 7

                                                                 Multi Family 5+                     MLS #: 07798089            List Price:$99,000
                                                                      Status: ACTV                List Date: 05/04/2011   Orig List Price: $99,000
                                                                        Area: 8068              List Dt Rec: 05/04/2011        Sold Price:
                                                                    Address: 7000 S Morgan St , Chicago, Illinois 60621
                                                                  Directions: HALSTED SOUTH TO 69TH STREET WEST TO MORGAN SOUTH ONE BLOCK TO
                                                                              ADDRESS.
                                                                Closed Date:                       Contract:              Lst. Mkt. Time:17
                                                                     Off Mkt:                    Financing:                        Points:
                                                                  Year Built: 1927           Blt Before 78: Yes                     CTGF:
                                                                Dimensions: 50 X 125
                                                             Unincorporated:                     Township: Lake              Subdivision:
                                                                Coordinates: S:7000 W:1000                                        County: Cook
                                                               Zoning Type: Multi-Family
                                                              Actual Zoning: 3-18                    PIN #: 20204270180000 Multiple PINs:No




                                                             Remarks: GREAT OPPORTUNITY. OWN TWO PROPERTIES FOR THE PRICE OF ONE. Seven Unit
                                                             Brick with 5-3 bedrooms and 2-2 bedrooms apts. PLUS a Three Unit Brick with 2-3 bedroom
                                                             apts with a first floor commercial rental or may convert to a 3 bedroom apt. INCLUDED is a 3
                                                             car garage. Building is vacant and needs complete rehab. Adjacent bldgs have been rehabbed.
                                                             Across from Wenworth Elem school. WILL CONSIDER ALL OFFERS.




 Acreage:                       Lot SF: 8370     Total Bldg SF:             Total # Units: 10                # Stories:3              # Parking Spaces: 3
Basement: English       # Dishwashers:             # Washers:                   # Dryers:             Wash/Dry Leased:                       # Ranges:
                           # Disposals:        # Refrigerators:              # Fireplaces:               # Window AC:                   Last Lease Exp:
                                                                                                                                       Monthly Income Range
Apartment Info              # Units                  Rooms                        Bedrooms                     Baths (F/H)
                                                                                                                                            (Min-Max)
     Type 1                   5                          6                             3                             5                          0-0
     Type 2                   2                          5                             2                             2                          0-0
     Type 3                   2                          5                             3                             2                          0-0
     Type 4                   1                          1                             0                             1                          0-0
     Type 5                   0                          0                             0                                                         0
     Type 6                   0                          0                             0                                                         0
     Type 7                   0                          0                             0                                                         0
Age: Older                                        Type of Multi-Family: Flats                              Air Cond:
Type Ownership:                                   Construction: Brick                                      Electricity:
Frontage/Access: City Street                      Exterior: Brick                                          Fire Protection:
Current Use: Residential-Multi-Family             Foundation:                                              Heat/Ventilation: Gas
Potential Use: Residential-Multi-Family           Roof Structure: Flat                                     Utilities To Site:
Client Needs:                                     Roof Coverings:                                          Tenant Pays: None
Client Will:                                      Misc. Outside:                                           HERS Index Score:
Known Encumbrances:                               Indoor Parking:                                          Green Disc:
Amenities:                                        Outdoor Parking:                                         Green Rating Source:
Monthly Assmt Incl:                               Bsmt Desc:                                               Green Feats:
Owner's Assoc:                                    Misc. Inside:                                            Possession:
                                                                                                           Sale Terms:
                                                                                                           Backup Info:
         Gross Rental Income: $0                      Total Monthly Income: 0                                    Total Annual Income:0
        Gross Rental Multiplier: 0                              Tax Amount: $1,401                                           Tax Year: 2009
            Total Annual Exps: 0                            Expense Source:                                              Expense Year:
 Annual Net Operating Income: $0                      Net Oper Income Year:                                                  Cap Rate:
       Janitor Expense ($/src): $0/                    Fuel Expense ($/src): $0/                           Electricity Expense ($/src): $0/
        Water Expense ($/src):$0/                 Scavenger Expense ($/src): $0/                           Insurance Expense ($/src): $0/
Repairs/Decor Expense ($/src): $0/                    Other Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07798089                                                                       Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                               5/20/2011
connectMLS - Connecting Your Real Estate Community                                                                                                     Page 4 of 7

                                                                     Multi Family 5+                        MLS #: 07775855             List Price:$129,600
                                                                          Status: ACTV                   List Date: 04/08/2011    Orig List Price: $129,600
                                                                            Area: 8044                List Dt Rec: 04/08/2011          Sold Price:
                                                                        Address: 7916 S Princeton Ave , Chicago, Illinois 60620
                                                                      Directions: 79th Street (E or W) to Princeton, South to 7918.
                                                                    Closed Date:                         Contract:                Lst. Mkt. Time:43
                                                                         Off Mkt:                       Financing:                         Points:
                                                                      Year Built: 1929              Blt Before 78: Yes                      CTGF:
                                                                    Dimensions: 50 X 125
                                                                 Unincorporated: No                     Township: Lake               Subdivision:
                                                                    Coordinates: S:7918 W:100                                             County: Cook
                                                                   Zoning Type: Multi-Family
                                                                  Actual Zoning: MF                         PIN #: 20332010220000 Multiple PINs:No




                                                                 Remarks: Realtors - investors come see this West Chatham diamond in the rough. Excellent
                                                                 location, very well kept block. Eight - 4 room / 1 bed / 1 bath units require a moderate amount
                                                                 of interior and exterior work. This property is bank owned and being sold "as-is".




 Acreage:0.19                 Lot SF: 8704           Total Bldg SF:            Total # Units: 8                 # Stories:2              # Parking Spaces: 4
Basement: Full        # Dishwashers:                   # Washers:                  # Dryers:             Wash/Dry Leased:                       # Ranges:
                         # Disposals:              # Refrigerators:             # Fireplaces:               # Window AC:                   Last Lease Exp:
                                                                                                                                          Monthly Income Range
Apartment Info            # Units                        Rooms                       Bedrooms                     Baths (F/H)
                                                                                                                                               (Min-Max)
     Type 1                   8                              4                            1                             1                          0-0
     Type 2                   0                              0                            0                                                         0
     Type 3                   0                              0                            0                                                         0
     Type 4                   0                              0                            0                                                         0
     Type 5                   0                              0                            0                                                         0
     Type 6                   0                              0                            0                                                         0
     Type 7                   0                              0                            0                                                         0
Age: Older                                            Type of Multi-Family: Courtyard, Flats                  Air Cond: None
Type Ownership: Corporation                           Construction: Brick                                     Electricity:
Frontage/Access: City Street                          Exterior: Brick                                         Fire Protection:
Current Use: Residential-Multi-Family                 Foundation: Concrete                                    Heat/Ventilation: Forced Air
Potential Use: Residential-Multi-Family               Roof Structure:                                         Utilities To Site:
Client Needs:                                         Roof Coverings:                                         Tenant Pays: Electric
Client Will:                                          Misc. Outside: Balcony/ies                              HERS Index Score:
Known Encumbrances: None Known                        Indoor Parking: Detached                                Green Disc:
Amenities: Curbs and Gutters, Lighting/Exterior,      Outdoor Parking:                                        Green Rating Source:
Sidewalks                                             Bsmt Desc: Unfinished, Exterior Access                  Green Feats:
Monthly Assmt Incl:                                   Misc. Inside:                                           Possession: Closing
Owner's Assoc: No                                                                                             Sale Terms: Conventional, Cash Only
                                                                                                              Backup Info:
         Gross Rental Income: $43,200                     Total Monthly Income: 3600                                 Total Annual Income:43200
        Gross Rental Multiplier: 2.84                               Tax Amount: $5,839.14                                        Tax Year: 2009
            Total Annual Exps: 4799                             Expense Source: Actual                                       Expense Year: 2009
 Annual Net Operating Income: $0                          Net Oper Income Year:                                                  Cap Rate:
       Janitor Expense ($/src): $0/                        Fuel Expense ($/src): $0/                          Electricity Expense ($/src): $0/
        Water Expense ($/src):$0/                     Scavenger Expense ($/src): $0/                          Insurance Expense ($/src): $0/
Repairs/Decor Expense ($/src): $0/                        Other Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07775855                                                                          Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                                  5/20/2011
connectMLS - Connecting Your Real Estate Community                                                                                               Page 5 of 7

                                                              Multi Family 5+                       MLS #: 07714213             List Price:$179,000
                                                                   Status: CLSD                  List Date: 01/19/2011     Orig List Price: $179,000
                                                                     Area: 8071               List Dt Rec: 01/19/2011          Sold Price:$132,000 (F)
                                                                 Address: 7655 S Lowe Ave , Chicago, Illinois 60620
                                                               Directions: 76th Street to Lowe, one way south to building at the corner of 77th and Lowe
                                                             Closed Date: 03/21/2011             Contract: 02/11/2011     Lst. Mkt. Time:24
                                                                  Off Mkt: 02/11/2011           Financing: Cash                    Points:
                                                               Year Built: 1924             Blt Before 78: Yes                      CTGF:
                                                             Dimensions: 50 X 125
                                                          Unincorporated:                       Township: Lake               Subdivision:
                                                             Coordinates: S:7655 W:600                                            County: Cook
                                                            Zoning Type: Multi-Family
                                                           Actual Zoning: R4                        PIN #: 20283100170000 Multiple PINs:No




                                                          Remarks: Auburn/Gresham Neighborhood. This building had several improvements made
                                                          since 2002. The Boiler 9 yrs-old. New Roof 9/07. New porch w/permit in 2004. Hallway
                                                          emergency lighting systems. Clean basements. Still in good condition. 8 two brs & 4 1 brs.
                                                          Bank owed.




 Acreage:0                    Lot SF:         Total Bldg SF:            Total # Units: 12                 # Stories:3              # Parking Spaces: 0
Basement: Full        # Dishwashers:            # Washers:                  # Dryers:              Wash/Dry Leased:                       # Ranges: 7
                         # Disposals:       # Refrigerators:7            # Fireplaces:                # Window AC:                   Last Lease Exp:
                                                                                                                                    Monthly Income Range
Apartment Info            # Units                 Rooms                       Bedrooms                      Baths (F/H)
                                                                                                                                         (Min-Max)
     Type 1                  8                        5                            2                              1                       550-650
     Type 2                  4                        4                            1                              1                       400-475
     Type 3                  1                        3                            1                              1                       350-400
     Type 4                  0                        0                            0                                                          0
     Type 5                  0                        0                            0                                                          0
     Type 6                  0                        0                            0                                                          0
     Type 7                  0                        0                            0                                                          0
Age: Older                                     Type of Multi-Family: Corridor-Exterior Entrance         Air Cond:
Type Ownership: Limited Liability Corp         Construction:                                            Electricity: Circuit Breakers, 101-200 Amps
Frontage/Access: City Street                   Exterior:                                                Fire Protection:
Current Use: Residential-Multi-Family          Foundation:                                              Heat/Ventilation: Central Bldg Heat, Central
Potential Use:                                 Roof Structure:                                          Heat/Indiv Controls, Gas
Client Needs:                                  Roof Coverings:                                          Utilities To Site:
Client Will: Add Cash, Add Management          Misc. Outside:                                           Tenant Pays: Electric, Other
Known Encumbrances:                            Indoor Parking:                                          HERS Index Score:
Amenities:                                     Outdoor Parking:                                         Green Disc:
Monthly Assmt Incl:                            Bsmt Desc: Partially Finished, Unfinished,               Green Rating Source:
Owner's Assoc:                                 Apartments                                               Green Feats:
                                               Misc. Inside:                                            Possession:
                                                                                                        Sale Terms:
                                                                                                        Backup Info:
         Gross Rental Income: $0                   Total Monthly Income: 0                                     Total Annual Income:0
        Gross Rental Multiplier: 2.76                        Tax Amount: $11,610                                           Tax Year: 2009
            Total Annual Exps: 24164                     Expense Source: Actual                                        Expense Year:
 Annual Net Operating Income: $65,847              Net Oper Income Year: 2006                                              Cap Rate: 0
       Janitor Expense ($/src): $0/                 Fuel Expense ($/src): $0/                           Electricity Expense ($/src): $0/
        Water Expense ($/src):$0/              Scavenger Expense ($/src): $0/                           Insurance Expense ($/src): $0/
Repairs/Decor Expense ($/src): $0/                 Other Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07714213                                                                    Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                            5/20/2011
connectMLS - Connecting Your Real Estate Community                                                                                                    Page 6 of 7

                                                                      Multi Family 5+                     MLS #: 07555839            List Price:$209,000
                                                                           Status: ACTV                List Date: 06/15/2010   Orig List Price: $369,000
                                                                             Area: 8069             List Dt Rec: 06/15/2010         Sold Price:
                                                                         Address: 7530 S Stewart Ave , Chicago, Illinois 60620
                                                                       Directions: DAN RYAN EXPRESS EXIT 76TH ST. WEST TO STEWART NORTH TO ADDRESS
                                                                     Closed Date:                      Contract:               Lst. Mkt. Time:340
                                                                          Off Mkt:                    Financing:                        Points:
                                                                       Year Built: 1917           Blt Before 78: Yes                     CTGF:
                                                                     Dimensions: 125X30
                                                                  Unincorporated: No                  Township: Lake              Subdivision:
                                                                     Coordinates: S:7500 W:400                                         County: Cook
                                                                    Zoning Type: Multi-Family
                                                                   Actual Zoning: RT-4                    PIN #: 20283060230000 Multiple PINs:No




                                                                 Remarks: 12-1BR APTS SOLD AS-IS IN HOT SOUTH SIDE AREA. BLDG HAS ENDLESS
                                                                 POSSIBILITES. RENTS ARE BELOW AREA RENT. BASEMENT HAS HUGE APT. W/SEPARATE
                                                                 ENTRY, BLDG HAS POTENTIAL FOR EXCELLENT CASH FLOW. CURRENT INCOME BASED ON
                                                                 CURRENT RENT OF 2-$415 $355 AND 9-$450. SELLER SAYS MAKE AN OFFER. OWNER WILL
                                                                 HELP. SAYS MAKE OFFER.




 Acreage:0                    Lot SF: 6650           Total Bldg SF: 0         Total # Units: 12                 # Stories:3             # Parking Spaces: 0
Basement:             # Dishwashers: 0                 # Washers:0                # Dryers: 0            Wash/Dry Leased:                      # Ranges: 0
                         # Disposals: 0            # Refrigerators:0           # Fireplaces: 0              # Window AC:0                 Last Lease Exp:
                                                                                                                                         Monthly Income Range
Apartment Info            # Units                        Rooms                      Bedrooms                     Baths (F/H)
                                                                                                                                              (Min-Max)
     Type 1                   1                              3                            1                          1                         415-415
     Type 2                   1                              3                            1                          1                         415-415
     Type 3                   1                              3                            1                          1                         450-450
     Type 4                   1                              3                            1                          1                         365-365
     Type 5                   1                              3                            1                          1                         450-450
     Type 6                   1                              3                            1                          1                        3150-3150
     Type 7                   1                              3                            1                          1                            00-0
Age: Older                                            Type of Multi-Family: Corridor-Interior Entrance    Air Cond: None
Type Ownership: Sole Proprietor                       Construction: Brick                                 Electricity: 101-200 Amps
Frontage/Access: City Street                          Exterior: Brick                                     Fire Protection: Smoke or Fire Protectors, Other
Current Use: Residential-Multi-Family                 Foundation: Concrete                                Heat/Ventilation: Radiators
Potential Use: Residential-Multi-Family               Roof Structure: Flat                                Utilities To Site: Water-Municipal
Client Needs: Cash                                    Roof Coverings: Rubber                              Tenant Pays: Electric
Client Will:                                          Misc. Outside: Fire Escape, Storms & Screens (as    HERS Index Score:
Known Encumbrances: None Known                        exist)                                              Green Disc:
Amenities: Curbs and Gutters, Lighting/Exterior,      Indoor Parking:                                     Green Rating Source:
Sidewalks, Other, Cable Ready                         Outdoor Parking: Other                              Green Feats:
Monthly Assmt Incl: None                              Bsmt Desc: Partially Finished, Exterior Access,     Possession:
Owner's Assoc: No                                     Apartments, Storage                                 Sale Terms:
                                                      Misc. Inside: Inside Corridor/s                     Backup Info: Rent Roll
         Gross Rental Income: $5,245                      Total Monthly Income: 5245                             Total Annual Income:62940
        Gross Rental Multiplier: 4                                  Tax Amount: 13,518                                       Tax Year: 2009
            Total Annual Exps: 29196                            Expense Source: Combination                              Expense Year: 2009
 Annual Net Operating Income: $43,464                     Net Oper Income Year: 2009                                         Cap Rate: 8
       Janitor Expense ($/src): $0/                        Fuel Expense ($/src): $10,000/Owner Projection Electricity Expense ($/src): $1,200/Owner Projection
        Water Expense ($/src):$2,000/Owner            Scavenger Expense ($/src): $1,440/Actual            Insurance Expense ($/src): $4,836/Actual
                                 Projection               Other Expense ($/src): $143/
Repairs/Decor Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07555839                                                                         Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                                 5/20/2011
connectMLS - Connecting Your Real Estate Community                                                                                                  Page 7 of 7

                                                                   Multi Family 5+                       MLS #: 07705501             List Price:$499,000
                                                                        Status: CLSD                  List Date: 01/07/2011    Orig List Price: $499,000
                                                                          Area: 8069               List Dt Rec: 01/07/2011          Sold Price:$239,000 (F)
                                                                      Address: 7643 S Stewart Ave , Chicago, Illinois 60620
                                                                    Directions: 90/94 East to 76th St, West on 76th St to Stewart, South on Stewart to 7643.
                                                                  Closed Date: 05/16/2011             Contract: 03/08/2011     Lst. Mkt. Time:61
                                                                       Off Mkt: 03/08/2011           Financing: Cash                    Points:
                                                                    Year Built: 1918             Blt Before 78: Yes                      CTGF:
                                                                  Dimensions: 160 X 200
                                                               Unincorporated: No                    Township: Lake               Subdivision:
                                                                  Coordinates: S:7643 W:348                                            County: Cook
                                                                 Zoning Type: Multi-Family
                                                                Actual Zoning: RS-3                      PIN #: 20284070090000 Multiple PINs:No




                                                               Remarks: Vacant / Secured REO Foreclosure Property- Three Story, Corner, Walk-up
                                                               consisting of 36 units (30-2br and 6-3br). Newer thermopane windows, new porches and two
                                                               Peerless boilers providing steam heat. When occupied tenants pay electric & cooking gas.
                                                               Parking in the rear of building is ample(40+spots).




 Acreage:                        Lot SF: 32000     Total Bldg SF: 30438     Total # Units: 36                # Stories:3              # Parking Spaces: 40
Basement: Full           # Dishwashers: 0            # Washers:0                # Dryers: 0           Wash/Dry Leased:No                     # Ranges: 0
                            # Disposals: 0       # Refrigerators:0           # Fireplaces: 0             # Window AC:0                  Last Lease Exp:
                                                                                                                                       Monthly Income Range
Apartment Info               # Units                   Rooms                      Bedrooms                     Baths (F/H)
                                                                                                                                            (Min-Max)
     Type 1                  30                            4                          2                              1                       500-550
     Type 2                   6                            6                          3                              1                       600-650
     Type 3                   0                            0                          0                                                          0
     Type 4                   0                            0                          0                                                          0
     Type 5                   0                            0                          0                                                          0
     Type 6                   0                            0                          0                                                          0
     Type 7                   0                            0                          0                                                          0
Age: Older                                          Type of Multi-Family: Garden Complex                   Air Cond: None
Type Ownership: Limited Liability Corp              Construction: Brick                                    Electricity: 201-600 Amps
Frontage/Access: City Street                        Exterior: Brick                                        Fire Protection:
Current Use: Residential-Multi-Family               Foundation: Stone                                      Heat/Ventilation: Central Bldg Heat, Gas, Steam
Potential Use: Residential-Multi-Family             Roof Structure: Flat                                   Utilities To Site: Water-Community, Water to Site
Client Needs:                                       Roof Coverings: Rubber                                 Tenant Pays: Electric, Other
Client Will:                                        Misc. Outside:                                         HERS Index Score:
Known Encumbrances: None Known                      Indoor Parking:                                        Green Disc: No
Amenities:                                          Outdoor Parking: 31-50 Spaces                          Green Rating Source:
Monthly Assmt Incl:                                 Bsmt Desc: Unfinished                                  Green Feats:
Owner's Assoc: No                                   Misc. Inside:                                          Possession: Closing
                                                                                                           Sale Terms: Cash Only
                                                                                                           Backup Info: Aerial Map, Tax Bill
         Gross Rental Income: $0                        Total Monthly Income: 0                                   Total Annual Income:0
        Gross Rental Multiplier: 2.04                             Tax Amount: $18,473.41                                      Tax Year: 2008
            Total Annual Exps: 0                              Expense Source:                                             Expense Year: 2011
 Annual Net Operating Income: $0                        Net Oper Income Year: 2011                                            Cap Rate: 12
       Janitor Expense ($/src): $0/                      Fuel Expense ($/src): $0/                         Electricity Expense ($/src): $0/
        Water Expense ($/src):$0/                   Scavenger Expense ($/src): $0/                         Insurance Expense ($/src): $0/
Repairs/Decor Expense ($/src): $0/                      Other Expense ($/src): $0/
     Copyright 2011 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
                                                                   DILIGENCE.
MLS #: 07705501                                                                       Prepared By: Ayoub Rabah | Great Street Properties, Inc. | 05/20/2011 08:25 AM




http://connectmls4.mredllc.com/report/report.jsp?chooseSelection=true&change_report_type_to=&fromUR...                                               5/20/2011

								
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