BEDS0
BATHS
SQUARE FEET5,786
MLS#12754909
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
EXCELLENT INVESTMENT OPPORTUNITY IN CHICAGO'S DESIRABLE PORTAGE PARK NEIGHBORHOOD! This well-maintained 6-UNIT BRICK BUILDING offers an attractive 7.48% CAP RATE and a strong combination of current income, desirable unit mix, and significant capital improvements. Built in 1964 and offering approximately 5,786 SQ FT, the property has been cared for by a LONG-TIME OWNER. The building features FIVE 2-BEDROOM / 1-BATH UNITS and ONE 1-BEDROOM / 1-BATH UNIT, with EACH UNIT FEATURING A DEDICATED DINING AREA. The property also includes 5 OFF-STREET PARKING SPACES in the rear-an important convenience for tenants and added value for an investor. Major improvements include REPLACEMENT WINDOWS, roof approximately 6 YEARS OLD ON THE EAST SIDE and 13 YEARS OLD ON THE WEST SIDE, a 6-YEAR-OLD BOILER, and 2-YEAR-OLD WATER HEATER. Interior improvements include 3 RENOVATED BATHROOMS and 1 RENOVATED KITCHEN. Located directly on IRVING PARK ROAD, residents enjoy convenient access to PUBLIC TRANSPORTATION, shopping, restaurants, neighborhood amenities, and nearby PORTAGE PARK. An attractive opportunity for an investor seeking a STABILIZED 6-UNIT PROPERTY WITH A 7.48% CAP RATE, established rental income, off-street parking, and important building improvements already completed. RARE PORTAGE PARK MULTIFAMILY INVESTMENT OPPORTUNITY!
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.07 Acres
Stories: 2.0
Taxes: $12,559
Year Built: 1964
Feature Descriptions
Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls, Gas, Baseboard
Lot Dimensions: 25 X 125
Parcel#: 13174230350000
Parking: 1-5 Spaces
Tenant Pays: Electricity
Units: 6
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 888-574-9405
Shown By
Agent Name: Karl Gasbarra
Agent Phone: (815) 975-4218
Agency Title: Gambino Realtors
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Estimated Payment
$ 6,170.60 per month $4,814.85 Principal & Interest $1,046.58 Property Tax $309.17 Homeowner's InsuranceChange Payment Information
Karl Gasbarra
Office: (815) 623-3333
Cell: (815) 975-4218
Fax: (815) 231-8163
Direct: (815) 975-4218
Corporate Relocation Director: (815) 975-4218
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5848 W Irving Park Road | MLS# 12754909
This multi-family property located at 5848 W Irving Park Road , Chicago, IL 60634 is currently listed for sale with an asking price of $1,060,000. Search Chicago real estate on kgasbarra.gogambino.com today.