Address
1114 West HAWTHORNE Street Arlington Heights, IL
Price
$ 3,900,000
Property Attributes
  • MLS#10612053
  • TypeMulti-Family
  • CountyCOOK
  • CityArlington Heights
  • AreaArlington Heights
  • NeighborhoodWilliamsburg
  • Zip60005
  • StyleResidential-Multi-Family
  • Year Built1968
  • Taxes38890
  • Price$ 3,900,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23200
  • Lot Size1.22 Acres
Listing Provided Courtesy Of:
Baird & Warner
Property Description

PERFECT TURN KEY INVESTMENT. Four "California designed" buildings, each contains 8 units, laundry room and separate storage room. Tenants pay their own electricity ! Rare opportunity to own a great professional property managed Investment property. Outstanding location with walking distance to Arlington Park Metra Station (approx. 0.8 mile), Arlington Park Race Track (approx. 0.7) or the new $17 million dollar Arlington Heights Park District building(approx. 0.6 mile) that includes gymnasium, basketball courts, running/walk track, swimming pools, fitness center which is to be completed by 2020. The properties have higher income potential since the current monthly rents are below the local market. The buyer(s) will have great cash flow from day one. No HOA. Many recent updates include new paved parking lot and drive(2017), several new hot water heaters replaced (2018-2019 and 2020), majority of apartments completely remodeled including new S/S kitchen appliances, new LED exterior lighting fixtures, security camera's.

Price History
1/16/2020 Listed $3,900,000

General Features

Age 36-50 Years
Built Before 1978 Yes
Electric Expense 1633
Financing Options Conventional
Multi-Family Type Courtyard
Other Expenses 26624
Ownership Type Individual
Status Active
Tax Year 2018
Taxes 38890
Total Annual Income 364500
Total Units 32
Unincorporated (y/n) No
Year Built 1968
Zoning MULTI

Interior Features

Air Conditioning Wall Sleeve
Basement Description Crawl
Board Number 2
Dryer(s) 4
Fire Protection Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Ranges 32
Refrigerators 32
Total Monthly Income 30375
Total Stories 2
Unit Type 1 Rooms 4
Utilities Sanitary Sewer to Site, Water-Municipal

Exterior Features

Acreage 1.22
Alternate Phone Number (815) 712-6112
Building Area Total 23200
Exterior Building Type Brick
Foundation Details Concrete
Frontage/Access City Street
Land Amenities Curbs and Gutters, Lighting/Exterior, Sidewalks, Other, Cable Ready
Lot Dimensions 316X168
Lot Sq Ft 53066
Number of Parking Spaces 44
Window A/C Units 32

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60005

Price
AVG $2.25M
$3.9M
Taxes
AVG $25,772
$38,890
Visits
AVG 134
229
Year Built
AVG 1974
1968
Walkscore
AVG 50
59
Data Provided by Walkscore ® not using MLS data