Closed

$943,000

Favorite

5,786

square ft

5852 W Irving Park Road

Chicago, Illinois 60634

Closed / MLS #11215215 / Multiple Family / Portage Park

Listing information updated 11/20/2021 at 2:23am

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.

Full Features

Exterior Type:

Brick

Basement:

Finished

Water Front:

Square Feet:

5,786

Acreage:

0.14

Built:

1962

Parking Spaces:

Cooling System:

Wall Sleeve,Window Unit(s)

Stories:

Current Use:

Multi-Family

Zoning:

MULTI

Building Square Feet:

5,786

Current Net Income:

$68,007

Unit 1:

5 room(s) / 2 bed(s) / 1 bath(s)

Unit 2:

4 room(s) / 1 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$11,528

Tax Year:

2020

Location

Zip Code:

60634

City:

Chicago

County:

Cook

Listing Office: Keller Williams ONEChicago

Listing Office Phone: 312.216.2422

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 11/20/2021 at 2:23am. 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.