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Robert Burress

Robert Burress
Parade Of Homes
Bartlett, IL 60103

630-335-9940
Contact Me

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Listing 11 out of 193
$23,000,000 For Sale

561 Deere Park Circle
Bartlett, IL 60103

192 units | Multi Family Home
11.02 acres - MLS# 10303986
Property Photo
1/12

Description

Asking Price 10X Gross Income! Bartlett Lake Apartment Complex consists of four 4 story elevator buildings built on 11.02 acres. There are 136 2 bedroom apartments and 56 1 bedroom apartments. Average size of apartments is 850 sqft. There are 350+ parking spaces. The property boasts a playground and recently totally refurbished swimming pool10.78 acres located on the corner of Lake St (Route 20) and Bartlett Rd in Bartlett Illinois 1/4 mile from train and near new Elgin O"Hare exit.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: Cook County
  • Zip Code: 60103
  • Year Built: 1971
  • Sq.Ft.: 195,216 sq ft
  • Units: 192 units
  • # of Parking Spaces: 350
  • Lot Size: 11.02 acres
  • Zoning: MULTI
  • # Of Bdrms - Unit 1: 2
  • # Of Bdrms - Unit 2: 2
  • # Of Bdrms - Unit 3: 1
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # Of Full Bthrms - Type 3: 1
  • # Of Ranges: 192
  • # Of Refrigs: 192
  • # Of Rooms - Unit 1: 5 Rooms
  • # Of Rooms - Unit 2: 4 Rooms
  • # Of Rooms - Unit 3: 4 Rooms
  • # Of Stories: 4
  • # Of Units - Apt. Type 1: 99
  • # Of Units - Apt. Type 2: 37
  • # Of Units - Apt. Type 3: 56
  • Air Conditioning: Wall Sleeve
  • Approximate Age: 36-50 Years
  • Built Before 1978 (Y/N): Yes
  • Construction: Brick
  • Electricity Expense: $28,000
  • Exterior Building Type: Brick
  • Fuel Expense: $70,000
  • Gross Rent Multiplier: 10
  • Heat/Ventilation: Gas, Hot Water
  • Insurance Expense: $125,000
  • Janitor Expense: $65,000
  • Lot Dimensions: 11.02 ACRES
  • Lot Sq Ft: 469576
  • Monthly Income - 1: $1,000
  • Monthly Income - 2: $1,000
  • Monthly Income - 3: $900
  • Monthly Income Max - 1: $1,200
  • Monthly Income Max - 2: $1,150
  • Monthly Income Max - 3: $1,000
  • Other Expenses: $15,932
  • Repairs-Decor Expense: $98,000
  • Tax Year: 2017
  • Taxes: $303,000
  • Tenant Pays: Electric
  • Total Annual Exp: 1095134
  • Total Annual Income: $245,203
  • Total Monthly Income: $200,966
  • Township: Hanover
  • Type Multi-Family: Corridor-Interior Entrance
  • Water Expense: $110,000
Courtesy of American Realty Services, Inc.



Robert Burress | 630-335-9940 | Contact Me
848 West Bartlett Rd - Bartlett, IL 60103
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