Skip To Content

5500 W Lake Street W

Chicago, IL 60644
  • $685,000
  • STATUS: Active Under Contract
  • ON SITE: 51 Days
  • MLS #: 11491639
Under Contract
$685,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:
Area:

School Ratings & Info

Description

Wow!!!!! Wow!!!!! Wow!!!!! Sensible & comfortable living on the West side less than .5 mile from Oak park. This very unique & rare investment property boasts 11 spacious, comfortable & cozy units. Each unit features 1 separate bedroom, 1 spacious living room (big enough to utilize as a living room/ dining room combo), 1 bathroom, kitchen, hall closet & separate furnace room in each unit. This investment offers so..... much more than imagined: * Amazing & multiple transportation options for tenants; with the green line train & bus being steps away, literally * some of the units have been recently updated * each unit has it's own separate electrical meter * each unit has it's own furnace * Levin park playground is just a short few steps from the property; this will be appealing to that single mom with 1 child * affordable living for a college student who needs comfortable living in close proximity to public transportation * convenience of street parking plus...... 5 exterior parking spots (creates additional parking for tenants & yes! extra income) * massive basement space to accommodate coin operated washer & dryer and individual storage units * attractive & maintained exterior that welcomes tenants

Monthly Payment Calculator



© 2022 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 @properties. Based on information submitted to the MRED as of 2022-10-05T23:58:23.46 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
www.luxhomechicago.com/homes/132143126
Print Image

5500 W Lake Street W Chicago, IL 60644

  • Price: $685,000
  • Status: Active Under Contract
  • On Site: 51 Days
  • MLS #: 11491639
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Chi - Austin
County:
Cook
Area:
Chi - Austin
Property Description
Wow!!!!! Wow!!!!! Wow!!!!! Sensible & comfortable living on the West side less than .5 mile from Oak park. This very unique & rare investment property boasts 11 spacious, comfortable & cozy units. Each unit features 1 separate bedroom, 1 spacious living room (big enough to utilize as a living room/ dining room combo), 1 bathroom, kitchen, hall closet & separate furnace room in each unit. This investment offers so..... much more than imagined: * Amazing & multiple transportation options for tenants; with the green line train & bus being steps away, literally * some of the units have been recently updated * each unit has it's own separate electrical meter * each unit has it's own furnace * Levin park playground is just a short few steps from the property; this will be appealing to that single mom with 1 child * affordable living for a college student who needs comfortable living in close proximity to public transportation * convenience of street parking plus...... 5 exterior parking spots (creates additional parking for tenants & yes! extra income) * massive basement space to accommodate coin operated washer & dryer and individual storage units * attractive & maintained exterior that welcomes tenants
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 1-5 Spaces Parking Total 5

Interior Features

Cooling Window Unit(S) Heat Ventilation Forced Air Number Of Dishwashers 0 Number Of Ranges 8

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Current Use Multi-Family Electric Circuit BreakersFuses Gross Income 118800 Gross Scheduled Income 118800 Insurance Expense 1500 Maintenance Expense 1000 Mls Actual Status Contingent Net Operating Income 108000 Operating Expense 5000 Ownership Types Individual Possible Use Multi-Family Tax Annual Amount 10819 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 3200 Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 708-424-4000.


© 2022 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 @properties. Based on information submitted to the MRED as of 2022-10-05T23:58:23.46 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11491639-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11491639-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11491639-1.jpg
Logo
@properties
737 North Michigan Avenue, Suite 1800
Chicago IL, 60611