1625 Morse Avenue, CHICAGO, 60626

REDUCED 2% REDUCED 2% $1,599,000 - Multi Family 5+ For Sale


MLS® #: 10385506

Great opportunity to own newer condo-quality 6 flat. Building consists of 2 simplexes and four duplex units and 6 garage parking spots. Fully Rented with income of $11,525 monthly. Building has been professionally managed since 2015 by a top notch company (City Habitat) and has a solid track record of consistent financial performance going back several years. Top of the line kitchen and baths. In-unit washer and dryer, all hardwood, fireplaces, tenant pays everything. 48 hour notice to show please. Property taxes were just successfully appealed (now estimated to be $16,100). Financials are a pro forma using 3-year averages for most expense projections. See attached Financial Statement showing past 3 years plus pro forma).

Additional Information: This property is located in the CHI - Rogers Park neighborhood, IL. This bedrooms multi family 5+ property is priced at $1,599,000.

Price & Status History

Date Details
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $1,624,999 to $1,599,000
Status Changed from Price Change to Active
Status Changed from Active to Price Change
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Essential Information

MLS® #: 10385506
Price: $1,599,000
Taxes: $16,100
Acres: 0.15
Year Built: 2004
Type: Commercial
Sub-Type: Multi Family 5+
Status: Active

Community Information

Address: 1625 Morse Avenue
Area: CHI - Rogers Park
County: Cook
State: IL
Zip Code: 60626


Parking Spaces: 6


Heating: Central Heat/Indiv Controls
Cooling: Central Air
Fireplace: Yes
# of Fireplaces: 6
Stories: 3


Construction: Brick

Additional Information

Zoning: MULTI

Listing Details

Listing Office: Pearson Realty Group

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Listing information last updated on September 18th, 2019 at 6:35am CDT.