Boarding/rooming house's each unit =a room.There are 5 tax parcels, 64 units. Address's are 933, 939,943 & 947 N 24th st and 2424 W Kilbourn.933 has a commercial kitchen, lobby & office. Meals are served 3 X a day M-S and 2 on Sunday. owner is onsite daily (M-F)36 tenants take meals, 28 tenants do not.$460 rent with meals monthly and $380 without meals. 95% occupied. Gross income at 95 % occupancy is approximately $225,000. Buildings are older but maintained. Near West Side redevelopment project plan is for future redevelopment. GOI & NOI are as of September 2017.
N 24 and W Kilbourn streets.
The approximate monthly Principal & Interest payment for this property would be $2,956. This payment is based on a 30-year loan at a fixed rate of 4.46 % with a down payment of $40,000. Actual lender interest rates and loan programs may vary.
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