5005 W Chicago Avenue
Chicago, IL, 60651 $ 400,000
Bedrooms7 Baths4.1 Monthly Estimate*
$ 2,396
for $400,000 with 7 bedrooms and 4 full baths, 1 half bath. This home was built in 1898 on a lot size of 0.07.
Up to $20,000 available towards purchase costs for owner occupants. 3 unit Multifamily Home in Austin!!! Fantastic investment opportunity! OR, a spacious home for your family! This recently renovated, beautiful 3-unit multifamily building in the hot Austin market is your answer! With a cap rate between 8-12%, this property promises excellent returns. Property Highlights: Units: Top Floor & Basement: 2 bedrooms, 1 full bathroom each Main Floor: 3 bedrooms, 1 full bathroom The basement, is considered a third unit by the Cook County Assessor or it can serve as a roomy duplex "as is" in addition to the second unit. You can add a kitchenette or extend the pipes out for a full kitchen! Renovations & Upgrades: New roof, water heaters, furnaces, siding, windows, doors, etc. Upgraded plumbing and electric, all city inspections approved for rough AND finish with no building violations found. New hard wood flooring for stairs, brand new fixtures & vanities, canned & LED lighting Additional Features: Laundry/storage room in basement. Front yard ready for gardening and planting. Cute, enclosed porch area on the top & main floor. Great location for public transport-super close to downtown Chicago & Humboldt Park, with a bus stop just steps away and shopping complexes, library and strip mall just minutes away. Investment Potential: This property is ideal for strong rents or as a spacious home for living with family or friends. Great news! Why Choose This Property? 3 unit or 2 unit plus duplex, easy move in for rentals or home ownership. Spacious & modern. Cap rate between 8-12%. City inspected & successfully passed. Prime location with excellent access to public transportation, activities and amenities. Close to Oak park, downtown, Humboldt park, etc.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Electric Sep Heating Systems - 2+ Indv Controls
Possession Closing
Roof Shake
Exterior Features Deck Patio Porch Cable Access
Architectural Style Tri-Level
Year Built 1898
Township West Chicago
Tax Year 2023
Percent Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status Price Change
Directions Chicago Ave West of Cicero East of Laramie
City Chicago
High School District 299
MLS Area CHI - Austin
Waterfront Y/N N
Tax Annual Amount 0
Days on Market 46
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Full Partially Finished
Total Bedrooms 7
Total Baths 4
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 1
Total Number of Units 3
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ExteriorWater Source Public
Total Parking 0
Lot Dimensions 0.07
Lot Size Acres 0.07
Other Equipment CO Detectors Ceiling Fan(s)
Exterior Vinyl Siding
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* Excluded FeaturesList Byryan@circleonerealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,396
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $631,575
Percent of Sale Price 58%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
9/18/2024 | $400,000 | -2.89% | Price Down |
9/5/2024 | $411,900 | -1.91% | Price Down |
8/29/2024 | $419,900 | -1.20% | Price Down |
8/22/2024 | $425,000 | -3.41% | Price Down |
8/18/2024 | $440,000 | -4.35% | Price Down |
8/4/2024 | $460,000 | | Listed Price |