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1214 Marengo Avenue Forest Park, IL 60130 • Multi Unit - Multiple • Active

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Description

The subject investment property is a 6 unit walkup located in Forest Park. The property is comprised of four, one-bedroom / one-bath and two, two-bedroom / one-bath units. A total of three units have been recently rehabbed. The property features five parking spaces at the rear of the property. Current ownership has taken pride in the maintenance of the asset. A qualified investor has the opportunity to acquire a well maintained asset in an attractive Forest Park location with immediate upside in renovating the three remaining apartments to increase cash flow. Excellent Forest Park Location - Attractive Unit Mix 1 & 2 Bedroom Layouts - Surface Parking - Immediate Upside in Rents

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
Vollman Real Estate 708-848-0505
MRED MLS
$1,050,000
Est. $8,359/mo
Active
BEDS0 BATHS MLS#12743148
STATUSActive PROPERTY TYPEMulti Unit - Multiple
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Shown By

Austin Maas
 (319) 325-0367

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1214 Marengo Avenue, Forest Park, IL 60130.

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Loan Type FHA 30 Year Fixed15 Year FixedVA 30 year fixed
Purchase Price $1,050,000$1,050,000$1,050,000
Down Payment $36,750$262,500$0
Monthly Mortgage Amount $6,432$6,592$6,779
Taxes $1461$1461$1461
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $630$0$0
Monthly Estimated Total $8,829$8,359$8,546

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