5852 West Irving Park Road, Chicago, 60634

$997,500 - Multi Family 5+ For Sale

$997,500

Beds
Baths
Sqft
.14Acres
1962Built
MLS® #: 11215215
Contingent, 42 Days on Website

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.

Additional Information: This property is located in the CHI - Portage Park neighborhood, IL. This bedrooms multi family 5+ property is priced at $997,500.

Price & Status History

Date Details
Status Changed from Active to Contingent
Status Changed from New to Active

Essential Information

MLS® #: 11215215
Price: $997,500
Taxes: $11,528
Acres: 0.14
Year Built: 1962
Type: Commercial Sale
Sub-Type: Multi Family 5+
Status: Contingent

Community Information

Address: 5852 West Irving Park Road
Area: CHI - Portage Park
City: Chicago
County: Cook
State: IL
Zip Code: 60634

Amenities

Parking Spaces: 5

Exterior

Exterior: Brick
Foundation: Concrete Perimeter

Additional Information

Zoning: MULTI

Listing Details

Listing Office: Keller Williams ONEChicago

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Listing information last updated on October 21st, 2021 at 4:09pm CDT.