for sale 4 units in grayslake, illinois · for sale 4 units in grayslake, illinois 720 barron blvd....

Apartment Sales is Our Business!

FOR SALE4 UNITS IN GRAYSLAKE, ILLINOIS

720 Barron Blvd.

Tenants pay all utilities except water, sewerand garbage

Central air conditioning for each unit

Basement laundry, storage and owner’sworkshop

Two entry/exit for each unit

Separate heat, gas & electric utilities

Four 700+ s.f. apartments

FEATURES:

$23,824NET OPERATINGINCOME

14,252Expenses

$38,076

(2,004)Vacancy (5%)

$40,080GROSS INCOME

www.graffrealty.com

MEL METTS847-949-6045

CALL:

$324,900ASKING:

Many new doors and trim

Three re-tiled bath surrounds & floors

Three kitchens updated

New windows, 2011

Entire driveway, 2006

Reroof, 2011

New water heaters, 2005

New central a/c, 2005

New furnaces, 2005

IMPROVEMENT HISTORY


The information contained herein has been obtained from the owner of the property or from other sources believed to be reliable. We have noreason to doubt its accuracy, but we do not guarantee it.

Two to Four Units MLS #:08597212 List Price:$324,900 Status:PCHG List Date:04/27/2014 Orig List Price:$329,900

Area:30 List Dt Rec:04/27/2014 Sold Price: Address:720 Barron Blvd , Grayslake, Illinois

60030Contingency

Flag:Directions:Washington & Barron (RT 83) south to # on right. Second parcel

north of Highland.Closed: Contract: List. Mkt Time:56

Off Mkt: Financing: Points:Year Built:1968 Blt Before 78:Yes Contingency:

Dimensions:100 X 150 County:LakeOwnership:Fee Simple Subdivision: Model:4-flatCorp Limits:Grayslake Township:Avon Parking:Exterior

Space(s)Coordinates:N: S: E: W: # Spaces:Ext:8

Acreage:0.34 Total Units:4 Parking Incl.In Price:

Yes

Total Rooms:16 Total Baths(Full/Half):

4/0 3 BR Unit:No

Total Bedrooms:8 Basement:Full Zoning:Multi-FamilyWaterfront:No

Remarks: Well-maintained by the same owner for 15+ years, this 4-unit has updated kitchens, baths, roof, windows, furnaces, centralA/C, driveway and lot paving. Units are 700-728 s.f. Excellent tenants, highly visible location, energy-efficient. Owner's basementworkshop, tenant storage and coin wash/dry. Grayslake schools, of course! Zoned R-4.School DataElementary:Woodview (46) Junior High:Frederick (46) High School:Grayslake Central (127)

Other:

Taxes/AssessmentsPIN:06262010040000 (Map)

Mult PINs:Tax Amount:$7,712

Tax Year:2013Exemptions:None

Special Assessments:NoSpecial Service Area:No

Financial InfoTotal Rental Income:$38,076

Net Operating Income:$23,824Gross Income:$40,080

Gross Expenses:$14,252Other Income:Coin Laundry

Floor Level Rooms Bedrooms Bathrooms Master Bath Sec Deposit Rent Lease ExpUnit #1 1 4 2 1/0 None 820 820 09/14Unit #2 1 4 2 1/0 None 1650 845 09/14Unit #3 2 4 2 1/0 None 850 850 09/15Unit #4 2 4 2 1/0 None 825 825 11/14Age:41-50 YearsType-Multi Unit:4 Flat, 1 Story Unit/sStyle:ColonialConst Opts:General Info:School Bus ServiceAmenities:Ext. Bldg. Type:Vinyl SidingLot Size:.25-.49 AcreLot Desc:Roof:Asphalt/Glass (Shingles)Foundation:ConcreteExst Bas/Fnd:Ext Prop Feats:Deck, Porch, Storms/Screens

Garage Ownership:Garage On Site:Garage Type:Garage Details:Parking Ownership:OwnedParking On Site:YesParking Details:Off StreetAppliances/Features (1):Stove, Refrigerator,Central Air ConditionerAppliances/Features (2):Stove, Refrigerator,Central Air ConditionerAppliances/Features (3):Stove, Refrigerator,Central Air ConditionerAppliances/Features (4):Stove, Refrigerator,Central Air ConditionerBath Amn:Basement Details:Unfinished, Exterior AccessAdditional Rooms:

Tenant Pays (1):Electric, Gas, HeatTenant Pays (2):Electric, Gas, HeatTenant Pays (3):Electric, Gas, HeatTenant Pays (4):Electric, Gas, HeatWater:PublicSewer:Sewer-PublicHeating:Gas, Forced AirEquipment:CO Detectors, Ceiling FanHERS Index Score:Green Disc:Green Rating Srce:Green Feats:Possession:Closing, Tenant's RightsSale Terms:Conventional, FHA, VAAddl. Sales Info.:List Agent Must AccompanyAgent Owned/Interest:NoWalk Score®: 45 - Car-Dependent

Copyright 2014 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but notguaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

MLS #: 08597212 Prepared By: Mel Metts | Graff Realty | 06/21/2014 10:27 PM

MLS#: 08597212 Two to Four Units 720 Barron BLVD Grayslake IL 60030

Copyright 2014 - MRED LLC Prepared By: Mel Metts | Graff Realty | 04/27/2014 07:00 PM

720 BARRON BLVD.


Lake County, Illinois

LakeCountyGeographic Information System

Lake County Departmentof Information Technology18 N County StWaukegan IL 60085(847) 377-2373

Map Printed on 04/25/2014Parcel 06-26-201-004 is outlined.

N

Disclaimer The selected soil feature layer may not occur anywhere in the current map extent. A Registered Land Surveyor should be consulted to determine the precise location of property boundarieson the ground. This map does not constitute a regulatory determination and is not a base for engineering design. This map is intended to be viewed and printed in color.

100 ft

Tax Parcels: (various)

Forest Preserves

Lake County Border

Streams

Tax Parcels

Trails

2011 Buildings

720 BARRON BLVD.


11/30/2014825825Two-bedroomD

09/30/2015850850Two-bedroomC

09/30/20141,650845Two-bedroomB

09/30/2014820820Two-bedroomA

Lease EndsSecurity DepositRent720 Barron Blvd.

RENT ROLL


The information contained herein has been obtained from the owner of the property or from other sources believed to be reliable. We have noreason to doubt its accuracy, but we do not guarantee it.

Property Analysis

Price $ 324,900

Units: 4

Price Per Unit: $ 81,225

720 Barron Blvd., Grayslake IL 60030 Source

SCHEDULED ANNUAL INCOME (GSI ($ 3340 /month x 12) O $ 40,080

Vacancy Factor: 5 % (2,004) B

EFFECTIVE GROSS ANNUAL INCOME: $ 38,076

ESTIMATED ANNUAL EXPENSES:

Real Estate Taxes (TAX) [2013] 7,712 O

Gas (FUE) 343 O

Electricity (ELEC) 257 O

Water/Sewer (WTR) 1,544 O

Scavenger (SCV) 744 O

Insurance (INS) 1,100 O

Repairs/Decorating/Supplies (RPM) @ => $250/Unit/Yr. 1,000 B

Lawn/Snow/Pool (SPL) @ ($ 150 /unit/year) 600 B

Replacement Reserves @ 2.5% of EGI 952 B

TOTAL ESTIMATED ANNUAL EXPENSES: $ 14,252

% Scheduled Gross Income: 35.6 %

Annual Expense/Unit: $3,563

ESTIMATED NET OPERATING INCOME: $ 23,824

CAP RATE 7.3%

GROSS RENT MULTIPLIER 8.1

DEBT SERVICE % Fin Rate Amort. Years Monthly Pmt. Annual Pmt.

First Mortgage 75 6 30 1460.95 17531.40

ANNUAL $6,293 CASH FLOW 1.36 DEBT COVERAGE 17531.40

The information contained herein has been obtained from the owner of the property or from other sources that are believed to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

06/21/2014

ASSUMPTIONS:1. Variable expenses (Source B) are provided by broker based on market averages, and are not intended to be all-inclusive.

2. Fixed expenses are owner's actual for prior year, based on MLS listing information (Source O).

THIS IS A CONFIDENTIAL MARKETING BROCHURE intended to assist a potentialpurchaser in an initial review of the real property presented here. Theselected information is not all-inclusive and does not contain all theinformation an investor may desire. Neither the owners nor GRAFF REALTY

or any agent or employee make any representation or warranty,expressed or implied, as to the accuracy or completeness of this brochureor any of its contents.

Interested persons are expected to do an independent review of anyprojections and all documents relating to the property. Any projectionscontained herein are based on assumptions about the current and futuremarket conditions, and the general economy which are beyond thecontrol of GRAFF REALTY, and therefore subject to material variation.

This information is of confidential and proprietary nature, and you are notto disclose this information directly or indirectly without prior writtenpermission of the owners. This brochure may not be duplicated withoutthe consent of GRAFF REALTY.

Pursuant to regulations enacted by the State of Illinois relative todisclosure of representation by broker or sales associate, in alltransactions relative to this property, GRAFF REALTY is representing theowner. However, in any situation where there is not a cooperating brokerrepresenting the purchaser, GRAFF REALTY is deemed to also berepresenting the purchaser.

THIS OFFERING IS SUBJECT TO CHANGE AND MAY BE WITHDRAWN WITH OR WITHOUT

NOTICE. THIS CONFIDENTIAL DOCUMENT SHALL NOT BE DEEMED A REPRESENTATION OF

THE STATE OF AFFAIRS OF THE PROPERTY AND THERE MAY HAVE BEEN CHANGES IN THE

OPERATIONS SINCE THE DATE OF PREPARATION OF THIS DOCUMENT.


for sale 4 units in grayslake, illinois · for sale 4 units in grayslake, illinois 720 barron blvd....

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