Grade A+ West Suburb
2646 N Harlem Ave Elmwood Park IL 60707
$133,333 Per Unit
** Buyer's Premium Waived
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Purchase at target price with 20% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents are well over $1,500 in the area. Current seller has been slow and inefficient on rental increases. Refinance and pull cash out based on higher value of the property.
About The Property
An exceptional brick building located across in the heart of Elmwood Park - a Grade A+ municipality. The building features 5 spacious two-bedroom apartments and 1 one-bedroom apartment. The building is 3 stories with laundry on each floor. All tenants are separately metered for gas and electric. Owner is responsible for common areas.
About The Neighborhood
Elmwood park is a small town bordering Chicago’s west side. With a population of 25,000, the town is known for its distinct Italian-American heritage and was famously incorporated to avoid annexation by Chicago in 1914. Elmwood Park is only 9 miles from downtown Chicago and exhibits many characteristics of Chicago’s neighborhoods.
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Who pays what - Landlord Vs. Tenant
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Purchase Price of Property
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Year 2 Pro Forma
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Year by Year Property Data
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