6141-614 w touhy ave, chicago, il 60646...bike score ® bikeable (62) gross leasable area 5,973 sf...
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
Broker Information
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950
Chicago Illinois 60601773-327-9300 CRER.com
Tuyen NguyenCommercial BrokerCell: [email protected]
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
Z
6141-6145 W. Touhy Ave.
Square Footage (GLA) 5,973
2018 Taxes $27,259
PIN(s) 10-32-104-007-0000
10-32-104-009-0000
10-32-104-008-0000
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PROPERTY OVERVIEW
Now offering 4-unit retail investment opportunity for an operator to offset your mortgage with long-term stable tenants. Can expand over to the next unit for 2,000 SF. Perfect for a nail/beauty salon owner to be your own boss and reinvest your money back into your property. Seller is willing to help with creative financing or lease option to buy. Former nail/beauty salon asking rent $1000 per month.
THE OFFERING
Price $750,000
Price per Sf $126
Sale Type Owner User
Property Type Retail
Property Sub-Type Storefront
Lot Size 0.20 AC
WALK SCORE ®
Very Walkable (78)
TRANSIT SCORE ®
Some Transit (42)
BIKE SCORE ®
Bikeable (62)
Gross Leasable Area 5,973 SF
No. Stories 1
Year Built 1954
Parking Ratio 1/1,000 SF
Zoning B1-1
RENT ROLL
Unit Term Lease Expires Square Footage Tenant Rent PSF
Unit 1 Vacant --- --- 1000 Nail Salon ---
Unit 2 $1,000.00 Base year RE Tax (‘17) M-T-M 1000 Signs $12.00
Unit 3 $1,100.00 Base year RE Tax (‘18) 8/31/2021 1000 Green Smoke $13.20
Unit 4 $3,700.00 Gross M-T-M 2000 4 Hermanos $22.20
Total Rents $5,800.00
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PRO FORMA
Operating Income
Rental Income $82,800
Other Income --
Vacancy Year 1 --
First Year Operating Statement
Potential Rental Income $82,000
Vacancy & Credit Loss ---
Effective Rental Income $82,000
Other Income --
Gross Operating Income $82,000
Property Taxes $27,259
Insurance $5,000
Maintenance $1,500
Management Fee @ 5% --
Reserves for Replacement --
Utilities $ 2,470
Total Expenses $ 36,229
Net Operating Income $ 45,771
Debt Service $ 21,001
Cash Flow Before Tax $ 24,770
Investment Data
Purchase Price $ 750,000
Cap Rate 6.10%
Financing Data
Loan Interest Rate 4.00%
Loan Amortization (years) 240
LTV 70%
DSCR 1.25
Loan Amount (LTV) $ 525,000
Loan Amount (DSCR) $ 667,373
Maximum Loan Amount $ 525,000
Initial Equity $ 225,000
Monthly Debt Service $1,750
Annual Debt Service $21,001
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PRO FORMA
Rental Income Monthly Annual
Unit 1 4 Hermanos Mexican restaurant $ 3,700.00 $ 44,400.00
Unit 2 Green Smokes $ 1,100.00 $ 13,200.00
Unit 3 Sign $ 1,000.00 $ 12,000.00
Unit 4 Salon
TOTAL RENTS $ 69,000 $ 82,800
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
$ 1,100.00 $ 12,000.00
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PRO FORMA
Operating Income
Rental Income $100,800
Other Income --
Vacancy Year 1 --
First Year Operating Statement
Potential Rental Income $ 100,800
Vacancy & Credit Loss ---
Effective Rental Income $ 100,800
Other Income --
Gross Operating Income $ 100,800
Property Taxes $ 27,259
Insurance $5,000
Maintenance $1,500
Management Fee @ 5% --
Reserves for Replacement --
Utilities $ 2,470
Total Expenses $ 36,229
Net Operating Income $ 64,571
Debt Service $ 21,001
Cash Flow Before Tax $ 43,570
Investment Data
Purchase Price $ 750,000
Cap Rate 8.61%
Financing Data
Loan Interest Rate 4.00%
Loan Amortization (years) 240
LTV 70%
DSCR 1.25
Loan Amount (LTV) $ 525,000
Loan Amount (DSCR) $ 1,291,331
Maximum Loan Amount $ 525,000
Initial Equity $ 225,000
Monthly Debt Service $1,750
Annual Debt Service $21,001
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PRO FORMA
Rental Income Monthly Annual
Unit 1 4 Hermanos Mexican restaurant $ 3,900.00 $ 46,800.00
Unit 2 Green Smokes $ 1,500.00 $ 18,000.00
Unit 3 Sign $ 1,500.00 $ 18,000.00
Unit 4 Salon $ 1,500.00 $ 18,000.00
TOTAL RENTS $ 8,400.00 $ 100,800.00
Rental Income Monthly
10-32-104-009-0000 $9,020.36 $4,961.20*
10-32-104-008-0000 $9,218.31 $5,070.07
10-32-104-007-0000 $9,020.36 $4,961.20
Total Vacant $10,031.27
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PHOTOS
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
PHOTOS
WALK SCORE ®
Very Walkable (78)
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
6141-6145 W Touhy Ave, Chicago, IL 60646EDGEBROOK STRIP PLAZA FOR SALE/LEASE
Broker Information
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950
Chicago Illinois 60601773-327-9300 CRER.com
Tuyen NguyenCommercial BrokerCell: [email protected]
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.