6863 N Northwest Hwy. #3A

Welcome home to a stunningly rehabbed, top floor, corner unit condominium with a balcony facing Northwest Highway. Walk into a sun drenched unit dotted with north, east and west windows for that natural, crisp sunlight exposure accentuated by a functional floor plan. The living room refreshingly opens up to a balcony and it is a perfect place to unwind. The living room opens to a beautiful kitchen area with white, soft close cabinetry, an impressive counter-top, s/s appliances and awesome marble-looking floor tiles. Each bedroom is very spacious and it boasts huge closets; this unit has three additional closets for extra space too - plus a storage facility in the basement. Then head to a refreshing bathroom with its stunning tile work. As we all know, the area is phenomenal: walk a few blocks west to downtown Park Ridge or walk a few blocks east to Edison Park, and enjoy the lively scene! Rentals OK! Pets OK! A 10! The following section consists of additional, detailed and pertinent information. MONTHLY HOA DUES: The HOA dues are $376 per month. However, you only pay for electricity and cable/internet. There are no proposed special assessments. The current owner just paid a special assessment and this covered a new roof for the building. This is a top floor unit, and all top floor units need to be purchased with caution due to possible roof issues, but, rest assured, this roof is about 2 months old. There is also discussion among the unit owners to lower the monthly HOA bill but nothing is set in stone. PROPERTY TAXES: The current, 2018 property tax bill is $3,009 per year. However, there is no homeowner's exemption on this property. Your property tax bill will be about $678 less with a homeowner's exemption, which will reduce your property tax bill from $3,009 per year to about $2,331 per year. More so, the seller also filed a property tax appeal at the Cook County Assessor's Office. The new assessed value should be $11,950, which would further reduce the property tax bill currently at $3,009 per year to approximately $2,360 per year. Then, with a homeowner's exemption, it will further reduce the property tax bill from approximately $2,360 per year to approximately $1,682 per year. Please keep in mind that we will receive the official results from the Cook County Assessor's Office in about two (2) months from now. PARKING: Presently, this unit does not come with an assigned parking space but this unit will indeed come with an assigned parking space. We are third in line for an assigned, rear parking spot. You will receive an assigned, numbered, rear parking spot in about 18-24 months (95% chance). In the time being, there is a ton of street parking in front of the building on Northwest Highway and one block south on Olmstead Avenue. There is no extra charge for this soon-to-be assigned parking space. This assigned, rear parking spot will be yours to keep until you sell the unit. RENTALS: You can rent this unit! The Association allows up to four (4) units to be rented. Presently, only one (1) unit is rented. Your prospective tenant will need a 680+ FICO score, per HOA rules, and the tenant will need to be approved by the Association. You can easily rent this particular unit for about $1,500 per month and, hence, capture $18,000 in gross rental income per year. Rental comparables can be proven at MLS #10276197 ($1,525) or MLS #10302315 ($1,550). LAUNDRY: There is also a coin-operated washer ($1) and dryer ($1) in the basement. The listing agent is related to the owner.