2650 North Harlem Avenue

Elmwood Park, IL 60707

$1,180,000
Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great Income Investment opportunity! This Beautiful brick multifamily property located in the highly coveted neighborhood of Elmwood Park This impressive property features six well-maintained units, Five of which offer two bedrooms and one bathroom. Each unit boasts gleaming hardwood or Newer Vinyl floors, appliances, some unit with new remodel kitchen and remodel Bathroom. Tenants have the convenience of on-site app laundry that also generates extra income for the owner along with 4 parking spots....Great Income Investment opportunity! This Beautiful brick multifamily property located in the highly coveted neighborhood of Elmwood Park This impressive property features six well-maintained units, Five of which offer two bedrooms and one bathroom. Each unit boasts gleaming hardwood or Newer Vinyl floors, appliances, some unit with new remodel kitchen and remodel Bathroom. Tenants have the convenience of on-site app laundry that also generates extra income for the owner along with 4 parking spots. The property is in a prime location near some of the best shopping and restaurants the neighborhood has to offer. The local schools are highly rated, providing a top-notch education for the children. With its prime location and exceptional features, this multifamily is an ideal option for those looking to invest in a profitable and growing neighborhood. Owner prefers to sell with 2646 N Harlem as a portfolio don't hesitate - contact us today to schedule a viewing and make this property yours!
  1. Listed by Richard Pan • RE/MAX of Naperville

Property Details for 2650 North Harlem Avenue

Area
Elmwood Park
Township
Leyden
Zoning
MULTI
LISTING UPDATED: 12/08/2024 09:53 AM

Property Details for 2650 North Harlem Avenue

StatusActive
MLS #12080577
Days on Market195
Taxes$18,794 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1961
Lot Size0.13 AC / 5,527 SF
CountyCook County

Building Information for 2650 North Harlem Avenue

Stories2Residences6Year Built1961Building Size-Lot Size0.13 AC / 5,527 SF

Property Information for 2650 North Harlem Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Service - 101 to 200 Amps
  • # Of Washers: 2
  • Heat/Ventilation: Gas
  • # Of Refrigerators: 6
  • # Of Dryers: 2
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 4,375
  • Lot Size Square Feet: 5527.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 20
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $534.00
  • Fuel Expense: $3,686.00
  • Gross Income: $107,400.00
  • Gross Scheduled Income: $110,400.00
  • Insurance Expense: $3,866.00
  • Maintenance Expense: $8,000.00
  • Manager Expense: $5,000.00
  • Electric Expense Source: Combination
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 500
  • Manager Expense Source: CO
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 8950
  • Water Expense Source: Combination
  • Net Operating Income: $64,806.00
  • Operating Expense: $26,800.00
  • Other Expense: $2,500.00
  • Trash Expense: $1,454.00
  • Water Sewer Expense: $3,456.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2650 North Harlem Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2650 North Harlem Avenue

Taxable ValueLand$5,906Additions$58,093Total$63,999
Tax Record2022$18,794 ($1,566 / month)
Home Facts
Baths6Total Finished SqFt5,527 SqFtAbove Grade Finished SqFt5,527 SqFtStories2Lot Size4,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyCOOKAPN12-25-415-039

Schools near 2650 North Harlem Avenue

This home is within Elmwood Park Community Unit School District 401.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
John Mills Elementary School
PublicPK to 5

Elm Middle School
Public6 to 8

Elmwood Park High School
Public9 to 12

St. William School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2650 North Harlem Avenue is a multi-family home for sale in Elmwood Park, IL 60707. This property was listed for sale on June 10, 2024 by RE/MAX of Naperville, it's currently listed at $1,180,000. It has been on the market for a total of 195 days and was last sold on September 20, 2023. This listing's school district is Elmwood Park Community Unit School District 401. Nearby schools include John Mills Elementary School, Elm Middle School and Elmwood Park High School. 2650 North Harlem Avenue is a 11-bed, 6-bath, multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX of Naperville

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/08/2024 09:53 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.