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Stephani Nydam Brooks

soldbystephani@gmail.com +1(708) 601-2874

$ 1,075,000

Est. payment -/mo

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Open Sat 12PM-2PM

5353 W BELLE PLAINE Avenue Chicago, IL 60641

10 Beds

OPEN HOUSE

Sat Jul 05, 12:00pm - 2:00pm

Sun Jul 06, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12391769

Bedrooms 10

Year Built 1905

Annual Tax Amount $10,360

Tax Year 2023

Lot Dimensions 30X125

Property Sub-Type Two to Four Units

Property Description

MUST SEE ((8.03 Cap Rate)) & ABSOLUTLY STUNNING Portage Park LEGAL (4) UNIT with an additional (5th) Unit and or In-Law Suite / Garden unit. The Property is conveniently located directly across the street from Portage Parks entrance on Belle Plaine & Long Ave. All units are currently rented out and the building is receiving $9,000 in rent currently. ((Full Disclosure, (1) of the top floor units is still occupied by the owner till the building sells. His unit would rent for a min of $2000)). Currently the building is comprised of (5) occupied units although the garden unit can be duplexed up to one of the first floor units and that unit could then be a (4) bedroom (2) bath unit. There are two beautiful balconies that look directly onto Portage Park. The Building Features Modern updates Including (4) newer hot water tanks, (5) furnaces. (2) Air conditioning condensers. Updated Electric. All Plumbing last updated 2020. Last FULL tuck pointing done in 2021. Entire Roof replaced in 2018. Currently 2 of the units have in-unit washers dryers and the remainder of the building uses coin operated laundry in the basement. Basements includes additional rough-in Plumbing that is ready to be converted to an additional apartment. There's a small room in the basement with a Water Booster Pump to increase the water pressure and flow for the five units in the building. The basement also has Plenty of storage. Lastly there's a two car attached garage with an EV charger station that the owner uses exclusively. The basement storage could be rented out for another $300 and you could rent the garage space out for another roughly $300 as well to increase your overall cash flow.

Location

State IL

County Cook

Community Park, Pool, Tennis Court(S), Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Finished, 8 ft + pour, Storage Space, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Exterior Feature Balcony

Garage Spaces 2.0

View Y/N true

Roof Type Rubber,Flat

Building

Lot Description Corner Lot, Landscaped, Wooded

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Portage Park Elementary School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://smartfloorplan.com/adminka/public/public/video-feedback-form?jobid=v502325

Listed by David Mishel • Compass

Stephani Nydam Brooks

Broker | RB19001139 | 475.199767

+1(708) 601-2874

Stephani Nydam Brooks

5353 W BELLE PLAINE Avenue Chicago, IL 60641

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5353 W BELLE PLAINE Avenue