5901 West Race AvenueChicago, IL 60644Sale Price: $1,040,000

  • Sale Price: $1,040,000
  • 18 Days Since Sale
$
$
%
$/month over payments
Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* 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.
  • 1917Year Built

Listing Tools

Two neighboring buildings on a single parcel located in one of the best pockets of the Austin neighborhood. The buildings are comprised of (9) 2 Bd/1 Ba, (1) 3 Bd/1 Ba, & (1) 4 Bd/2 Ba units, totaling 11-units with a shared fenced-in yard. Additionally, there are two partially built-out full bathrooms in the basement, offering the opportunity to add a 12th unit for further income. A majority of the apartments have been lightly renovated throughout the years and are currently fully occupied. 516-18 N. Mayfield Ave. & 5901-03 W. Race Ave. are situated on a quiet corner just blocks away from downtown Oak Park and 0.2 miles north of the Austin Green Line station. The location provides convenient access to a variety of local amenities and major employers in both Oak Park and the city of Chicago. The Subject Property presents investors with an opportunity to acquire two vintage buildings in a desirable location with operational upside. Current rents are approximately 25% below market, providing investors the ability to capture significant rental upside with the units in "As-Is" condition.

Driving Directions

Property Details

Other Details

Listed by Daniel Shepherd of Essex 312,LLC

Listing Sold by TRAR MLS Non-Member

Based on information submitted to MRED  as of February 7, 2023 . 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.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: