100 Room Motel & (7) Stores for sale / Sothwest Surburns of Chicago, Illinois

100 Room Hotel & (7) Stores
Southwest Suburbs of Chicago, Illinois
For Sale
1. Asking Price - $2,900,000
2. Income - $635,732
3. Operating Expenses - $251,150
4. Net Cash Flow - $364,582
5. Comments:
* Hotel Information (100 Rms / 90 used / 10 closed off), (Room Rates - $20 to $28 per night for single + $5 for guest), (28 Rms have bath & showers, $62 Rms have wash bowls only, bath & showers in hallway), (All Rms have Sinks, Phones, & TV), (Camera System – 2 cameras on each floor with digital system at front desk) *
* Parking – City lot next door - $2 per day - $100 per month *
* Lot Size – 65 x 150 *
* Building Size – 36,313 SF on (4) floors / 4th floor added in 1955 / Building built 1950 *
* Boiler information–1st to 3rd floor–2006 / 4th floor–2005 *
* Hot Water System – Good condition *
* Electric – Up dated with circuit breakers *

Information Deemed Reliable but not Warranted

FOR ADDITIONAL INFORMATION
CALL: DICK TOBIN
(847)301-3157
EMAIL: dick@dicktobin.com
Web Site: http://www.dicktobin.com/

(75) Room Motel For Sale / Chicago South Side

(75) Room Motel

Southside Chicago, Illinois

For Sale

1. Asking Price - $2,350,000

2. Income - $575,000

3. Operating Expenses - $269,200

4. Net Cash Flow - $305,800

5. Comments:

* Rooms - (15) King / (60) Full Size Beds / TV & Phones / Individual HVAC ( Electric) *

* Room Rates - Full Size - $40 for (10) hrs, $60 Overnight / King Size - $5 more than Full Size *
* Roof - (1/2) Newer (Rubber) / (1/2) 4/5 Yrs (Rubber) *

* Boiler - 10 Yrs *

* Hot Water Heaters (3) - 10 Yrs - Electric *

* Porches - Good Condition *

* Parking Lot - 6 Yrs *

* Plumbing - (1/2) Newer (Cost $150,000) / (1/2) 5/6 Yrs *

* Electrical - Updated *

Information Deemed Reliable but Warranted

FOR ADDITIONAL INFORMATON

Call Dick Tobin

(847)301-3157

Email: dick@dicktobin.com

Web Site: http://www.dicktobin.com/

Downtown Chicago Apartment Rental Rates on Rise

The following are excerpts from an article in Crain’s Chicago Business 8/27/07, by Eddie Baeb
Downtown apartment landlords raised rents to a second consecutive record last quarter. The average gross rent at top quality “Class A” apartment buildings rose to $2.31 a square foot in the second quarter up 1.8% from the previous quarter and 3.6% from the year-earlier according to a report by Appraisal Research Counselors (Crain’s Aug. 20).
With an average Class A unit measuring 920 square feet, that puts monthly rent at about $2,125. Occupancies jumped to 95.4% from 93.4% from the first quarter, but remained lower than the year-earlier period of 97.5%.
Rents are likely to continue rising, perhaps as much as 7% for the year, as there won’t be a large number of new apartments added to the market until 2008, says Ron DeVries, a VP with Appraisal Research. In 2008 there are 6,227 units planned at 16 projects, though Appraisal Research estimates in a report that only 3,099 of those will get built.
In reviewing the above, there may be some upside potential to investors looking to buy condos in the downtown area.

FOR ADDITIONAL INFORMATION
CALL: DICK TOBIN
(847)301-3157
EMAIL: dick@dicktobin.com
Web Site: www.dicktobin.com

(31) Unit Apt Bldg in Oak Park, Il.

16-24 N. AUSTIN BLVD, OAK PARK, IL

31 UNIT APARTMENT BUILDING

FOR SALE

Asking Price - $2,695,000

Building Information - (24)1B/R & (7) 2B/R

Income - $276,040

Expenses - $85,283

Net Cash Flow - $191,557

Comments:

* Roof - Good Condition *

* Windows - Good Condition *

* Boiler - Steam - 2 Yrs *

* Hot Water Heater - 2 Yrs / (2) Tanks / Split System

* Electric - Updated / Breakers in each unit *

* (31) Stoves / (31) Refrigerators *

Information deemed reliable but not warranted

FOR ADDITIONAL INFORMATION

CALL Dick Tobin
Office: (847) 301-3157
Email: Dick@dicktobin.com

Web Site: www.dicktobin.com

10,000SF Office Bldg For Sale in Schaumburg, Il

15-79 E. SCULLY DRIVE
SCHAUMBURG, IL. 60193
10,000 SF OFFICE BUILDING
FOR SALE
Asking Price $1,800,000
Income - $225,000
Expenses - $75,000
Net Cash Flow - $150,000
Comments:
* Building is 12 yrs old / Mim space 800SF Max 10,000SF *

* All leases are triple net *
* (10) HVAC units - Original to Building *
* (10) Electric Meters *
* (9) Gas Meters *
* Roof - Under 5 Years *
* Hot Water Heaters - Good Condition *
* Parking - 55 Cars *
* Land Area - 1.38 Acres *
* Zoning - B2 *
* Owner will Master any vacancies at closing for one year *
Information deemed reliable but not warranted

For Additional Information

Call Dick Tobin
847-301-3157
Email - Dick@dicktobin.com

Web Site: www.dicktobin.com