5127 Michigan Avenue

    Chicago, IL 60615
    • $805,000
    • STATUS: Active
    • ON SITE: 59 days
    • MLS #: 10683453
    Price Reduced
    UPDATED: 35 min ago
    $805,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,430
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1885
    County:

    School Ratings & Info

    Description

    This is an amazingly renovated 6 unit grey-stone building, with brand new plumbing, brand with electrical with 400 amp service, new roof, new custom made kitchen cabinets with SS appliances and granite counter, all brand new hardwood floors throughout. Units exhibit modern design. Each unit has autonomous heating and cooling system. First floor units have 11' ceiling, 2nd - 10' ceiling and 3rd floor unit has 9.5' ceiling. All new doors, new mill-work and mostly new windows. Partially finished basement with brand new coin operated W/D and individual storage units. Over-sized lot with the designated BBQ area. 4-car masonry garage in the back. Indeed a wonderful opportunity for savvy investors to purchase an income-generating property with low maintenance. This is the tenant favorite building in the area! All 6 units are rented!

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    © 2020 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 The Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2020-06-02T08:50:01.173 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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    www.themattzgroup.com/homes/104826628

    5127 Michigan Avenue Chicago, IL 60615

    • Price: $805,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 10683453
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,430
    SQFT
    $148
    $/SQFT
    1885
    Built
    Neighborhood:
    Chi - Washington Park
    County:
    Cook
    Area:
    Chi - Washington Park
    Property Description
    This is an amazingly renovated 6 unit grey-stone building, with brand new plumbing, brand with electrical with 400 amp service, new roof, new custom made kitchen cabinets with SS appliances and granite counter, all brand new hardwood floors throughout. Units exhibit modern design. Each unit has autonomous heating and cooling system. First floor units have 11' ceiling, 2nd - 10' ceiling and 3rd floor unit has 9.5' ceiling. All new doors, new mill-work and mostly new windows. Partially finished basement with brand new coin operated W/D and individual storage units. Over-sized lot with the designated BBQ area. 4-car masonry garage in the back. Indeed a wonderful opportunity for savvy investors to purchase an income-generating property with low maintenance. This is the tenant favorite building in the area! All 6 units are rented!
    Exterior Features

    Construction BrickStone Foundation Concrete Frontage Access City Street Lot Dimensions 50X156 Lot Sq Ft 7832 Number Of Parking Spaces 4 Roof Coverings Rubber Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Basement Description Partially Finished Fire Protection Smoke Or Fire ProtectorsCarbon Monoxide Detector(S) Indoor Parking 1-5 SpacesDetached Miscellaneous Inside Storage InsideLaundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 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 Full Bathrooms Type3 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 5 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 3 Number Of Units Apt Type2 3 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 Outdoor Parking Other Repairs Decor Expense 1000

    Property Features

    Age Older Built Before1978 YN Yes Current Use Residential-Multi-Family Electrical Service Circuit Breakers Electricity Expense 400 Exterior Building Type BrickStone Fuel Expense 600 Gross Rental Income Amount 86400 Heat Ventilation Forced AirGas Insurance Expense 2700 Janitor Expense 1000 Miscellaneous Outside Balcony/IesCourtyardPatio Monthly Income Max1 1300 Monthly Income Max2 1100 Net Oper Income Amount 71521 Other Expenses 300 Potential Use Residential-Multi-Family Sale Terms ConventionalCash Only Tax Year 2018 Taxes 6078.90 Tenant Pays ElectricHeatHot Water Total Annual Exp 14879 Total Annual Expense Source Owner Projection Total Annual Income 86400 Total Monthly Income 7200 Township Hyde Park Type Multi Family Other Washer Dryer Lsd YN Yes Water Expense 2000 Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Pedestal Realty Llc.


    © 2020 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 The Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2020-06-02T08:50:01.173 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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