5542 West Bryn Mawr AvenueChicago, IL 60646Price: $850,000

  • Price: $850,000
  • 31 Days on Market
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Federal 30-year interest rate: 5.81% last updated on Jun 23, 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.
  • 1972Year Built

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NO MORE SHOWINGS. SEVEN VERY STRONG OFFERS RECEIVED. BEST AND FINAL DUE TUESDAY (5/31/2022). WE ARE COMPARING ALL OF THE OFFERS THIS EVENING AND WILL HAVE A DECISION TOMORROW (WEDS). THANK YOU FOR YOUR PATIENCE. Five 2BR/1BA Unit plus one 1BR/1BA unit multi-family building in the vibrant Jefferson Park neighborhood has been meticulously maintained for over 35 years with one owner. Five of the units has two large bedrooms,a large living space,and eat-in kitchen. The 1BR/1BA in-law unit is spacious as well with a full eat-in kitchen. All five of the 2BR units have gorgeous hardwood floors in the living room and bedrooms hiding under the carpeting! The building is in great shape and you could make cosmetic updates to further maximize rent. The building has 5 outdoor parking spaces. Coin laundry in the building. All units have private storage closets. The five 2BR units pay for their own electricity,cooking gas and HEAT. Each unit has their own boiler. The building has very long term tenants (some 20 to 30+ years) with under market rents but even so,it provides a strong income stream and has a 7% Cap rate (setting the rental units to market rate will push this much higher). This beautiful,very quiet,well-maintained multifamily building is in a great location with easy access to public transportation,expressways and all that Jefferson Park has to offer. Close to Target,Mariano's,Chase,etc. This building is a low maintenance cash cow. Please see 5542 W Bryn Mawr Building Expenses for 2021,Rent Roll and Disclosures under Additional Docs Tab.

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Listed by Brian Reid of BF Realty,Inc

Based on information submitted to MRED  as of June 28, 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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