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$1,335,000

5301-5 W Barry Avenue
Chicago, Illinois 60641

Closed / MLS #11168959 / Multiple Family / Belmont Cragin
Listing information updated 8/3/2023 at 1:32pm
Large corner L shape all brick 12 APARTMENTS BUILDING w/ unfinished basement and 3 car garage in rapidly appreciating Belmont Cragin. All 12 units are above the ground. Building consists: Eight -1 Bedroom Apartments, Two-2 Bedroom Apartments and Two- studios. Units feature: Living room with closet, dining Rm combined w/ kitchen. All hardwood floors throughout. Whole building has 13 separate gas meters, 14 electric circuit brakers boxes, 2 commercial high capacity newer water tanks heaters. High open basement w/ coin laundry and storage area. Newer "Climate guard" all vinyl windows. Central steam heat "WEIL- McLAIN" with R&D computerized control system. Backup all drain protected flood control. All 2nd Floor ceilings isolated. Nice court yard in the back of the building. Note: Some of current rents are lower than regular market rents for the area due to stable long term tenants but (as rented recently by LA 1bedroom unit on N Lockwood Ave side of the building for $ 900) with Upside potential to be raised *** Current CAP Rate: 6.85*** Through improved leasing, management, and raising rents to market rate, an investor has the opportunity to achieve even higher cash flow and a cap rate. GOOD AND RARE INCOME PRODUCING INVESTMENT PROPERTY *** Rent Roll in Additional Info***
Exterior Type:
Brick
Basement:
Unfinished,Exterior Access,Bathroom Rough-In,Storage Space
Water Front:
No
Square Feet:
N/A
Built:
1931
Parking Spaces:
3
Cooling System:
Window Unit(s)
Stories:
2
Current Use:
Multi-Family
Zoning:
MULTI
Current Net Income:
$95,867
Unit 1:
4 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
3 room(s) / 1 bed(s) / 1 bath(s)
Unit 3:
2 room(s) / 0 bed(s) / 1 bath(s)
Tax Amount:
$12,398
Tax Year:
2019
Zip Code:
60641
City:
Chicago
County:
Cook

Listing Office: Dream Town Real Estate

Listing Office Phone: 312.242.1000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/3/2023 at 1:32pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

$397,029
Average Sale Price
52
Average Days On The Market
100%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 5301-5 W Barry Avenue, Chicago, IL 60641
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5301-5 W Barry Avenue, Chicago, IL 60641 is a multiple family which sold for $1,335,000. This multiple family has been listed on @properties Christie's International Real Estate since July 26th, 2021 and was built in 1931.

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