Bought with Non Member of NON MEMBER
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5852 W Irving Park RD Chicago, IL 60634
5,786 SqFt
Key Details
Sold Price -
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,786 sqft
MLS Listing ID 11215215
Sold Date -
Year Built 1962
Annual Tax Amount $11,528
Tax Year 2020
Lot Size 6,098 Sqft
Lot Dimensions 6250
Property Sub-Type Multi Family 5+
Property Description
COMPLETELY REMODELED, 6-UNIT BRICK building provides a fully turn-key opportunity for your next investment. Currently operating at 6.8% CAP (8.6% Cash-on-Cash ROI). Annual income is $94,200 with a NOI of $68,007. NO work to do, just sit back and collect the rent. Building consists of: FIVE 2BR/1bth units and ONE 1BR/1bth unit (1 br unit is potentially non-conforming). All units are rented. All 6 apartments have been completely remodeled and feature new kitchens with shaker style cabinets, SS appliances including built-in microwaves & dishwashers, granite or quartz countertops, subway tiled baths, dark-stained hardwood floors, new lighting, new windows, the works - it's all been done. Properties with THIS MUCH work done almost never hit the market. Side entrance building in Chicago's Portage Park neighborhood. In addition to the remodeled units, the building has a very nice laundry room for extra income and one storage locker per unit. Common boiler provides hot-water base board heat with individual thermostats in each unit. Parking consists of 2 garage spaces and 3 outside spaces. NOTE: Interior pictures show 3 different units - please note they are all as nice as the ones in the pictures! Units are always in high demand and easily rentable...Truly a unique property, nothing else like it available. Don't miss this great investment opportunity.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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