5838 W Montrose AVE, Chicago, IL 60634
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5838 W Montrose AVE, Chicago, IL 60634
5838 W Montrose AVE, Chicago, IL 60634
5838 W Montrose AVE, Chicago, IL 60634
5838 W Montrose AVE, Chicago, IL 60634

$865,000

Est. payment /mo
Est.Price: ?

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5838 W Montrose AVE Chicago, IL 60634

6,163 SqFt

SOLD DATE : 06/17/2021

Key Details

Sold Price $865,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 6,163 sqft

Price per Sqft $140

MLS Listing ID 11033969

Sold Date 06/17/21

Year Built 1959

Annual Tax Amount $13,226

Tax Year 2019

Lot Dimensions 46.5 X 125

Property Sub-Type Multi Family 5+

Property Description

TURN KEY, SOLID BRICK side entrance 6-UNIT BLDG in northwest side of Chicago in hot PORTAGE PARK! * Currently operating at 7.23% CAP rate! Within this 6,163 square foot building, there are two 3BR/1bth units and four 2BR/1bth units that are all rented * All 6 apartments have been remodeled over the past 4 years and are in great condition...new kitchen and baths, hardwood floors, lighting * In addition to the remodeled units, the building has been very well-maintained and managed * All utilities are separate for each unit and TENANTS PAY ALL UTILITIES (except unit GN)...6 boilers, 7 water heaters, New Windows (2019) throughout * Conveniently located Laundry in basement with coin-operated washer and dryer brings in additional income (not listed in figures below) * Two 2-car garages (4 spaces) in back that are all currently leased ($400/mth total) by one tenant in building. * NOTE * Pictures of interior units are prior to windows being replaced * Serious pre-approved inquires only * Units are always in high demand and easily rentable...Truly a turn key operation in desirable Portage Park/Jefferson Park LOCATION! Don't miss this great investment opportunity.

Location

State IL

County Cook

Area Chi - Portage Park

Interior

Fireplace N

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by John Gall of  RCI Preferred Realty 
Bought with Artur Tobolski of Chicagoland Brokers Inc.

NEARBY SCHOOLS & BUSINESSES

Wade Marshall

Wade Marshall

Real Estate Advisor License ID: 475.129060

+1(773) 450-1247

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