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6520 W Gunnison St - Huge 3 Flat in Harwood Heights
3 Unit Apartment Building Offered at £695,598 at a 2.82% Net Initial Yield in Harwood Heights, IL 60706
Investment Highlights
- All Brick legal 3 flat
- All units are 3 bedrooms, 1.1 bathrooms
- Directly across the street from Ridgemoor Country Club
- Central Heat and Air Conditioning
Executive Summary
This truly unique, all brick, legal 3-unit building on a corner lot situated across the street from the golf course of Ridgemoor Country Club is the perfect investment or for the owner occupied buyer. Building is fully occupied with long term, paying tenants and has room to significantly increase the rents. Each unit has three bedrooms, 1.1 baths, living room, dining room area and eat-in kitchen. Upper two units have balconies. Appliances included are refrigerator, stove with hood and dishwasher. Units have laundry hook up. Tenants supply their own washer/dryer. All units are separately metered for gas and electric and have their own central heat and air conditioner units. Tenants pay all utilities. Owner pays for water which is included in the rent. Wonderful and easily managed turnkey investment.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£39,764
|
£8.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£39,764
|
£8.56
|
| Taxes |
£9,957
|
£2.14
|
| Operating Expenses |
£10,166
|
£2.19
|
| Total Expenses |
£20,123
|
£4.33
|
| Net Operating Income |
£19,641
|
£4.23
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £39,764 |
| Annual Per SF | £8.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £39,764 |
| Annual Per SF | £8.56 |
| Taxes | |
|---|---|
| Annual | £9,957 |
| Annual Per SF | £2.14 |
| Operating Expenses | |
|---|---|
| Annual | £10,166 |
| Annual Per SF | £2.19 |
| Total Expenses | |
|---|---|
| Annual | £20,123 |
| Annual Per SF | £4.33 |
| Net Operating Income | |
|---|---|
| Annual | £19,641 |
| Annual Per SF | £4.23 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Wooden Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Yard
- Dining Room
- Lawn
- Linen Cupboard
Site Amenities
- Fenced Lot
- Picnic Area
- Gas Range
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 3 | £1,107 | 1,500 |
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PROPERTY TAXES
| Parcel Number | 13-07-422-031-0000 | Total Assessment | £45,382 |
| Land Assessment | £7,216 | Annual Taxes | £9,957 (£2.14/sf) |
| Improvements Assessment | £38,166 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
13-07-422-031-0000
Land Assessment
£7,216
Improvements Assessment
£38,166
Total Assessment
£45,382
Annual Taxes
£9,957 (£2.14/sf)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | R3 |
| R3 |
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6520 W Gunnison St - Huge 3 Flat in Harwood Heights
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