5859 North Elston AvenueChicago, IL 60646Price: $789,000

  • Price: $789,000
  • 54 Days on Market
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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3,576Square Feet
  • 1958Year Built

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Fully rented and well maintained 6 unit MULTIFLAT building sitting on Double lot (50 ft. = bright apartments for tenants) in between Jefferson Park and Norwood Park East. The property features: Five 2 bedroom apartments and one 1 bedroom apartment. Four above grade units have 2 Bedroom with 1 Bathroom. All kitchens have granite countertops replaced except for 1 unit. Hardwood floors throughout all units except in one has ceramic tiles. Approx. dates of primary components: Furnace (2018). Hot water tank (2014). Windows (age around 18-20 years). Shingles roof (according to previous owner estimated roof age 14- 15 years) *** There are 6 (six) electric panels as seen on photo ***5 (five) gas meters as seen on photo *** Assigned 6 (six) parking spaces in the back of the building. Fully rented (no vacancy rate!) with good tenants (most now stay on Month/Month basis since the building is for sale). Good CAP rate of approx. 7.2 % for new savvy investor/owner And with more updates there is a higher rents upside potential! Property is located in convenient mixed rental and residential area close to Jefferson Park train station, interstate Highway I-90, Milwaukee Ave bus, businesses, stores, restaurants, and MORE. Floor plan & RENT ROLL attached in Additional Info.

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Listed by Jacek Piktel of Dream Town Realty

Based on information submitted to MRED  as of January 23, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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