6158 South Harlem Avenue

SUMMIT, IL 60501

$565,000

MLS# 09653189


Description

GREAT CASH FLOWING INVESTMENT PROPERTY WITH AN 8.8% CAP RATE. CURRENT TENANT HAS BEEN IN PLACE 4 YEARS WITH 4 YEARS REMAINING ON LEASE AND IS SUCCESSFUL AUTO SALES AND SERVICE WITH TRIPLE NET (NNN) LEASE. OPTION FOR 3% ANNUAL INCREASE AND 5 YEAR RENEWAL. NEWLY REMODELED TWO-STORY BRICK OFFICE BUILDING WITH TWO RESTROOMS AND OUTDOOR SPACE FOR 50-55 VEHICLES. SERVICE AREA INCLUDES 3 BAYS WITH OVERHEAD DOORS. BUSY, HEAVILY TRAFFICKED COMMERCIAL CORRIDOR RIGHT ON HARLEM AVENUE. DO NOT DISTURB TENANT. SHOWN BY APPOINTMENT ONLY WITH 48 HOUR NOTICE.
Listed:
06/08/17
Price Per Sq Ft
$203.90

Presented By

Gabrielle Weisberg

  • Direct312.981.2784
  • Cell312.420.1762
  • Fax323.209.2424

Contact Me

 

Listing Office: @properties

© 2017 Midwest Real Estate Data LLC. All Rights Reserved.

Broker Reciprocity

All information provided is deemed reliable but is not guaranteed and should be independently verified. School assignments are subject to change. Please consult with the appropriate school system for student assignment.

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Baird & Warner are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Summit

Summit is a wonderful location for families who want all the fun and convenience of a Chicago luxury home without the cost!  Click here to read more.

Summit

School Information

Map and Points of Interest


Select a Point of Interest and Radius from the form above.

Nearby properties Tab

*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.

Photo of

Key Mortgage Services

877.296.5757 Illinois License #1012 Prequalify