12-Unit Apartment Building Along Harlem Avenue In Bridgeview
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1 12-Unit Apartment Building Along Harlem Avenue In Bridgeview 7740 SOUTH HARLEM AVENUE BRIDGEVIEW, IL DETAILS Sale Price $799,000 NOI $51,037 Cap Rate 6.4% Occupancy 92% Number Of Units 12 Lot Size 14,880 SF Building Size 9,600 SF Year Built 1980 Zoning R-5, Bridgeview Market South Chicago Real Estate Taxes $6,518 PROPERTY OVERVIEW 12-unit apartment building located along Harlem Avenue in Bridgeview. The interior of the building was recently renovated in With 11 of 12 units currently leased, the building is 92% occupied and produces an NOI of approximately $51,000. The property is extremely well located across from Bridgeview Court, one of Bridgeview's prominent shopping centers, and within walking distance to numerous restaurants and retailers including K-Mart, Aldi, Starbucks, Panera Bread Company, Wendy's, Dunkin Donuts, Burger King, and McDonalds, among others. Additionally, the property features convenient accessibility with Pace bus stops in front of the building and Interstate 294 approximately two (2) miles away. PROPERTY HIGHLIGHTS Seven (7) tenants are backed by housing authorities of Cook County Conveniently located less than three (3) miles south of Midway Airport and two (2) miles east of Interstate on-site parking spaces (2.2 spaces per unit) (P) (C) (P) (C)
2 Roll Page 1 Property: 7740shar From Date: 01/18/2018 By Property Property Unit(s) Lease Lease Type Lease From Lease To Term Monthly Monthly 7740shar S Harlem Ave, Bridgeview,Bridgeview Current Leases 7740shar 1A Danielle Cox Residential 7740shar 1B Sandra Kaczmarek Residential 7740shar 1C Stanley Quinn Residential 7740shar 1D Sheila Rhone Residential 7740shar 2B Alex Zorbas Residential 7740shar 2C Margo Manuel Residential 7740shar 2D Raul Fernandez Residential 7740shar 3A Bridget McNeil Residential 7740shar 3B Antonio Hughes Residential 7740shar 3C Keya Williams Residential 7740shar 3D Eduardo Lucena Residential Rec. Misc Security Deposit LOC Amount/ Bank Guarantee /01/ , , /01/ /31/ , /15/ /31/ , /01/ /30/ , /01/ /31/ , /03/ /30/ , /01/ /31/ , /18/ /31/ , , /15/ /30/ , /03/ /02/ , /01/ /30/ , shar 2A VACANT Total Current , , Total Units Total centage Monthly Occupied , , Vacant Total , , Thursday, January 18, :54 PM
3 Income Statement Gross $116, General Maintenance $10, R&M $16, Insurance $5, Utilities $14, Taxes $6, Tax Protest Fee $1, Management Fee $9, Total Expenses $65, Net Operating Income $51,037.16, www.
4 FOR SALE 12-Unit Apartment Building Along Harlem Avenue in Bridgeview 7740 South Harlem Avenue Bridgeview, IL LOCATION MAPS (P) (C) (P) (C)
5 FOR SALE 12-Unit Apartment Building Along Harlem Avenue in Bridgeview 7740 South Harlem Avenue Bridgeview, IL DEMOGRAPHICS MAP POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 10, , ,820 POPULATION DENSITY 10, , ,820 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 3,375 47, ,874 # OF PERSONS PER HH AVERAGE HH INCOME $64,201 $63,922 $65,925 AVERAGE HOUSE VALUE $245,395 $239,323 $240,585 zpearlstein@ (P) (C) arubin@ (P) (C)
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