5403 Ashland Avenue

    Chicago, IL 60609
    • $379,900
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 10395802
    UPDATED: 81 min ago
    $379,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $54
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1908
    County:

    School Ratings & Info

    Description

    100% occupied, 11.48% cap rate, fully rehabbed, turn key investment opportunity! Four units total. Two residential apartments with the following unit mix: (1) 5 Bed / 1 Bath; (1) 3 Bed / 1 Bath. Two commercial spaces with the following tenants: (1) 1,700 SF Retail space leased to a church; (1) 1,700 SF Retail space leased to banquet hall. The units were gut rehabbed in 2006. Separately metered units. Each tenant pays their own utilities. All of tenants are on month to month leases and have been at the property for over two years. Total Passing Vehicle Volume 35,500. Vehicle Volume By Each Direction of Traffic North Bound: 17900 / South Bound: 17600. Gross Income: $62,400 | Annual Estimated Expenses (30% of GI): $18,804 | Net Operating Income: $43,596 | Cap Rate: 11.48%

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    © 2019 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 2019-07-17T13:53:31.08 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/95291539

    5403 Ashland Avenue Chicago, IL 60609

    • Price: $379,900
    • Status: Active
    • Updated: 81 min ago
    • MLS #: 10395802
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,000
    SQFT
    $54
    $/SQFT
    1908
    Built
    Neighborhood:
    Chi - New City
    County:
    Cook
    Area:
    Chi - New City
    Property Description
    100% occupied, 11.48% cap rate, fully rehabbed, turn key investment opportunity! Four units total. Two residential apartments with the following unit mix: (1) 5 Bed / 1 Bath; (1) 3 Bed / 1 Bath. Two commercial spaces with the following tenants: (1) 1,700 SF Retail space leased to a church; (1) 1,700 SF Retail space leased to banquet hall. The units were gut rehabbed in 2006. Separately metered units. Each tenant pays their own utilities. All of tenants are on month to month leases and have been at the property for over two years. Total Passing Vehicle Volume 35,500. Vehicle Volume By Each Direction of Traffic North Bound: 17900 / South Bound: 17600. Gross Income: $62,400 | Annual Estimated Expenses (30% of GI): $18,804 | Net Operating Income: $43,596 | Cap Rate: 11.48%
    Exterior Features

    Construction Brick Foundation Concrete Lot Dimensions 50X111 Lot Sq Ft 5550 Number Of Parking Spaces 4 Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Fire Protection None Number Of Apts 2 Number Of Offices 0 Number Of Stores 2 Number Of Stories 2 Outdoor Parking 1-5 Spaces

    Property Features

    Age New Rehab Built Before1978 YN Yes Electric Expense Source Actual Electrical Service Circuit BreakersSeparate Meters101-200 Amps Electricity Expense 0 Expense Year 2018 Exterior Building Type Brick Fuel Expense 0 Fuel Expense Source Actual Geographic Locale Chicago South Gross Rental Income Amount 62400 Heat Ventilation Forced AirGas Insurance Expense 2500 Insurance Expense Source Actual Net Oper Income Amount 45333 Net Operating Income Year 2017 Number Of Tenants 4 Other Expense Source Broker Projection Other Expenses 9484 Rental Price 11.29 Tax Year 2017 Taxes 3983 Tenant Pays Air ConditioningElectricHeatVaries By Tenant Total Annual Exp 17067 Total Annual Expense Source Combination Total Annual Income 62400 Total Monthly Income 5200 Township Lake Water Expense 1100 Water Expense Source Broker Projection Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Goldbay Advisors Inc..


    © 2019 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 2019-07-17T13:53:31.08 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
     
    The Mattz Mega Group | Keller Williams Preferred Realty
    16101 S 108th Avenue, 2nd Floor
    Orland Park IL, 60467