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    5838 W Montrose Avenue

    Chicago, IL 60634
    • $874,900
    • STATUS: Active Under Contract
    • ON SITE: 21 days
    • MLS #: 11033969
    Under Contract
    UPDATED: 43 min ago
    $874,900
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,163
      SQFT
    • $142
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:

    School Ratings & Info

    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.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-17T06:54:54.603 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    5838 W Montrose Avenue Chicago, IL 60634

    • Price: $874,900
    • Status: Active Under Contract
    • Updated: 43 min ago
    • MLS #: 11033969
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,163
    SQFT
    $142
    $/SQFT
    1959
    Built
    Neighborhood:
    Chi - Portage Park
    County:
    Cook
    Area:
    Chi - Portage Park
    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.
    Exterior Features

    Parking Total 4

    Interior Features

    Heat Ventilation GasBaseboard Indoor Parking 1-5 Spaces Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 1 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 6 Number Of Rooms Unit2 5 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 2 Number Of Units Apt Type2 4 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 7.23 Electric Expense 500 Expense Year 2020 Exterior Building Type Brick Fuel Expense 1500 Gross Income 84480 Gross Scheduled Income 84480 Insurance Expense 1770 Janitor Expense 0 Lot Size Dimensions 46.5 X 125 Maintenance Expense 0 Monthly Income Max1 1250 Monthly Income Max2 1100 Net Operating Income Year 2020 Operating Expense 7994 Other Expense 0 Tax Annual Amount 13226 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 7040 Trash Expense 1434 Type Multi Family Flats Water Sewer Expense 2790

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Rci Preferred Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-17T06:54:54.603 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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