708 East North Broadway Street, Lombard, Illinois 60148

$440,000
7
BD
Sold Price
$440,000
List Price
$449,950
Closing Date
Feb 05, 2018
MLS#
09808237
Status
CLOSED
Type
Multifamily
Subtype
Two to Four Units
Bedrooms
7
County
Du Page
City
Lombard
Neighborhood
Lombard

Property Description

Great investment opportunity! Two 4-flats side by side for sale - this property is being sold as a package with 241 S Lodge Ln. All brick, very well maintained properties. Many units have been updated. 100% occupied. 2 Bedroom units all have central air conditioning and dishwashers. Coin laundry for additional income - laundry income was $780 (per building) in 2016. This building has a steady income of $35,350 a year AFTER expenses & property taxes (both properties together have a total income of $71,721 AFTER taxes & expenses). Great location--easy to rent. Quiet street that is blocks from the Lombard Park District with pool, exercise facilities, and beautiful playgrounds. Minutes from the commuter train, downtown Lombard, and expressway. Make an offer today! ALL UNITS ARE NOW OCCUPIED, so showings will not be easy to arrange, but the financial information is available, and you may drive by the property. DO NOT DISTURB THE TENANTS, please! Thank you!

Additional Information

School District
88
Subdivision
Lilac Lodge
Corporate Limits
LOMBARD
Tax Year
2016
Tax Exemptions
None
Tax Amount
$9,772
Total Rental Income
49620
Net Operating Income
$35,350
Gross Expenses
15050
Appliances Features 1
Stove, Refrigerator, Dishwasher, Central Air Conditioner
Appliances Features 2
Stove, Refrigerator, Dishwasher, Central Air Conditioner
Appliances Features 3
Stove, Refrigerator, Dishwasher, Central Air Conditioner
Appliances Features 4
Stove, Refrigerator, Window Air Conditioner
Tenant Pays 1
Electric
Tenant Pays 2
Electric
Tenant Pays 3
Electric
Tenant Pays 4
Electric
Additional Sales Information
None
Year Built
1965
Exterior Building Type
Brick
Exterior Property Features
Storms/Screens
Lot Dimensions
120X81
Lot Size Range
Less Than .25 Acre
Parking
Space/s
Number Of Cars
8
Parking Spaces
8
Parking Ownership
Owned
Parking On Site
Yes
Heating
Hot Water/Steam
Sewer
Sewer-Public
Basement Description
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Executive Realty Group LLC. Selling Office: Charles Rutenberg Realty of IL.



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