Skip To Content

5300 W Parker Avenue

Chicago, IL 60639
  • $1,375,000
  • STATUS: Active Under Contract
  • ON SITE: 166 Days
  • MLS #: 11924539
Under Contract
$1,375,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1931
County:

School Ratings & Info

Description

Large corner L shape 10 Units Multi- Family building in rapidly appreciating Belmont Cragin. Above the ground has Eight (8) Units on 1st and 2nd floor that are all 1 Bedrm / 1 Bath Apartments with Living Room and formal Dining Room. Two (2) additional apartments (broker does not represent or guarantee their legality) Garden Units in the basement have 2 Bedroom and 1 Bath. Apartments have its INDIVIDUAL FURNACE units as seen on photos and have also Central Air A/C. Tenants pay for their heat, gas and electric bill. A whole building has 10 separate gas meters and 11 separate electric boxes seen on photo. Based on the info from owner: Roof was fixed (not complete) in 2017 and well maintained. Newer windows (Approx. 2013). Hot water tank 100 Gal. (2014). Coin laundry Rm w/ 2 washers and 2 dryers and storage area next to mechanical Room. 3 car garage can yield extra income. Most tenants on M/ M basis and a few on lease. Some lower rents due to stable long term tenants. Total Annual Rental income plus coin laundry= $ 143,076 *** Currently garage spaces included in rents *** SELLERS MOTIVATED *** Great and rare income producing investment property *** RENT ROLL in Add'l Info ***

Monthly Payment Calculator



© 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 2024-04-20T19:32:36.197 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
www.centralilhomefinder.com/homes/145050086
Print Image

5300 W Parker Avenue Chicago, IL 60639

  • Price: $1,375,000
  • Status: Active Under Contract
  • On Site: 166 Days
  • MLS #: 11924539
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1931
Built
Neighborhood:
Chi - Belmont Cragin
County:
Cook
Area:
Chi - Belmont Cragin
Property Description
Large corner L shape 10 Units Multi- Family building in rapidly appreciating Belmont Cragin. Above the ground has Eight (8) Units on 1st and 2nd floor that are all 1 Bedrm / 1 Bath Apartments with Living Room and formal Dining Room. Two (2) additional apartments (broker does not represent or guarantee their legality) Garden Units in the basement have 2 Bedroom and 1 Bath. Apartments have its INDIVIDUAL FURNACE units as seen on photos and have also Central Air A/C. Tenants pay for their heat, gas and electric bill. A whole building has 10 separate gas meters and 11 separate electric boxes seen on photo. Based on the info from owner: Roof was fixed (not complete) in 2017 and well maintained. Newer windows (Approx. 2013). Hot water tank 100 Gal. (2014). Coin laundry Rm w/ 2 washers and 2 dryers and storage area next to mechanical Room. 3 car garage can yield extra income. Most tenants on M/ M basis and a few on lease. Some lower rents due to stable long term tenants. Total Annual Rental income plus coin laundry= $ 143,076 *** Currently garage spaces included in rents *** SELLERS MOTIVATED *** Great and rare income producing investment property *** RENT ROLL in Add'l Info ***
Exterior Features

Exterior Building Type Brick Outdoor Parking 1-5 Spaces Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Individual Furnaces Miscellaneous Inside Accessible Entrance Number Of Dishwashers 2 Number Of Dryers 2 Number Of Ranges 10 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Gross Income 143076 Gross Scheduled Income 143076 Insurance Expense 2500 Location Corner Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 0 Operating Expense 26089 Ownership Types IndividualLimited Partnership Seller Needs New Opportunity Tax Annual Amount 15965 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 11923 Township Jefferson Type Multi Family 5+ Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 312-266-7000.


© 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 2024-04-20T19:32:36.197 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11924539-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11924539-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11924539-1.jpg
Logo
Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822