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5001 W Grace Street

Chicago, IL 60641
  • $779,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: 11966487
Under Contract
UPDATED: 10 min ago
$779,000
  • 10
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

School District:
299

Description

Ideal Portage Park 4 Flat brick investment property features four renovated two bedroom units. Tenants pay all their own utilities as there are separate boilers to heat each unit. Plus, as a bonus, there's a grandfathered first floor unit, not yet renovated, with long-term (7+ years) tenants paying $950. New Windows, New Baths, New Kitchens - including cabinets, granite counters and Stainless Steel Appliances! All the light fixtures and ceiling fans are new, and the hardwood floors throughout have been refinished. Great location too! Sutherlands, Tata's Tacos, Culvers and Binny's Beverage Depot are just two blocks away on Irving Park Road, and Portage Park itself with all it has to offer (endless green space, dog park, tennis courts, Farmer's Market, swimming pool, etc.) is just a short six block walk. Tenants can dine at additional restaurants on Irving Park Rd. or Milwaukee Ave very close by. They will really enjoy this neighborhood! One unit just vacated as the tenants bought their first home, so that unit is easy to show, and available for an owner-occupant if needed. Incredibly bright second/top floor home! Otherwise, it can be leased for $1,400-$1,500 in today's market! Sit back and collect $72,300 annually, and watch it grow to $84,000 or more as tenants turn over!

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© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-03-01T16:01:11.137 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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5001 W Grace Street Chicago, IL 60641

  • Price: $779,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 10 min ago
  • MLS #: 11966487
10
Beds
0
Baths
0
½ Baths
N/A
Acres
1912
Built
Neighborhood:
Chi - Portage Park
County:
Cook
Area:
Chi - Portage Park
School District:
299
Property Description
Ideal Portage Park 4 Flat brick investment property features four renovated two bedroom units. Tenants pay all their own utilities as there are separate boilers to heat each unit. Plus, as a bonus, there's a grandfathered first floor unit, not yet renovated, with long-term (7+ years) tenants paying $950. New Windows, New Baths, New Kitchens - including cabinets, granite counters and Stainless Steel Appliances! All the light fixtures and ceiling fans are new, and the hardwood floors throughout have been refinished. Great location too! Sutherlands, Tata's Tacos, Culvers and Binny's Beverage Depot are just two blocks away on Irving Park Road, and Portage Park itself with all it has to offer (endless green space, dog park, tennis courts, Farmer's Market, swimming pool, etc.) is just a short six block walk. Tenants can dine at additional restaurants on Irving Park Rd. or Milwaukee Ave very close by. They will really enjoy this neighborhood! One unit just vacated as the tenants bought their first home, so that unit is easy to show, and available for an owner-occupant if needed. Incredibly bright second/top floor home! Otherwise, it can be leased for $1,400-$1,500 in today's market! Sit back and collect $72,300 annually, and watch it grow to $84,000 or more as tenants turn over!
Exterior Features

Architectural Style Traditional Exterior Building Type Brick Foundation Details Concrete Perimeter Lot Features Corner Lot Lot Size Oversized Chicago Lot Multi Family Type 4 Flat Parking Details None Parking Total 0 Roof Flat Waterfront YN No

Interior Features

Basement UnfinishedExterior Access Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 10 Full Baths In Building 5 Half Baths In Building 0 Heating Natural GasSteamSep Heating Systems - 2+Indv Controls Rooms Total 21

Property Features

Age 100+ Years Built Before1978 YN Yes Community Features ParkPoolTennis Court(s)CurbsSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information Commuter BusInterstate Access Gross Income 72300 Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2019 Sewer Public SewerSewer-Storm Special Listing Conditions List Broker Must Accompany Tax Annual Amount 11066 Tax Year 2021 Total Numberof Unitsin Building 4 Total Rental Income 6025 Township Jefferson Type Two to Four Units Water Source Lake MichiganPublic Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Rlty Partners: 847-685-8300.


© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-03-01T16:01:11.137 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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