227-231 W Ruby St, Joliet, IL 60432
Highlights:
– Fully leased 2-story mixed use building. 2 storefront commercial offices (approx 1,700 Sq Ft each) and 3 residential apartments (approx 900 Sq Ft each)
– Total gross monthly rent = $2,825 / month
– Includes parking lot on side of building (6 parking spaces)
Unit Mix:
– Commercial Unit 227 – leased to AA12 Tradiciones, month to month lease; Rent is $600 / month including electric, gas, and water
– Commercial Unit 231 – leased to Aztec Counseling Agency, lease expiration 7/30/15; Rent $800 / month
– Apt 1: 3 beds, 1 bathroom, Tenant pays gas, heat, hot water, and electric. Occupied by tenant on month to month lease; rent = $500 / month
– Apt 2: 2 beds, 1 bathroom. Occupied by tenant on month to month lease; rent = $525 / month
– Apt 3: 1 bed, 1 bathroom. Occupied by tenant on month to month lease; rent = $400 / month
– All tenants current on rent. Commercial tenant in unit 231 pays all utilities except water. Residential tenants pay electric, cooking gas, hot water, Unit 1 and 2 pay heating and hot water heater costs, unit 3 shares boiler heat and expense with unit 2
– Landlord pays property tax and water
– Estimated annual expenses: City of Joliet (water/sewer): $3,034, Nicor Gas: $2,200, ComEd: $642
