$1,575,000
$1,600,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
508 N Cass AVE Westmont, IL 60559
5,662 Sqft Lot
Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10263778
Sold Date 04/30/19
Maintenance Fees $5,396
Year Built 1973
Annual Tax Amount $32,380
Tax Year 2017
Lot Size 5,662 Sqft
Lot Dimensions 66X82
Property Description
Rare opportunity to acquire multi-unit property in near-west suburbs. This is a "broken condo", where 13 of the 20 units in the building are owned by the Seller, and 7 are individual condo owners. Of the 13 units, 9 have been renovated to condo-like finishes, and the remaining four are in good condition. Seller also owns 11 of the 19 garages, and there are 24 common element parking spaces. Building is centrally located, near shopping on Ogden Ave, Public Library, and Metra train. Value add opportunity to renovate remaining units, raise rents, and possibly acquire remaining condo units over time.
Location
State IL
County Du Page
Area Westmont
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
Read Less
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Bought with Georgia Colovos • RE/MAX Destiny
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