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5844 N Magnolia Avenue

Chicago, IL 60660
  • $958,400
  • STATUS: Closed
  • ON SITE: 50 Days
  • MLS #: 11492572
Sold - 09/28/2022
$958,400
SOLD - 09/28/2022
  • 11
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

School District:
299

Description

Amazing 3+ Unit Property in Andersonville/Edgewater (Legal 3+ Garden In-Law Apartment) Oversized Lot 3535 sq. ft. and building recorded as 6315 sq. ft + Full Basement! Lot is essentially all building with amazing Patio Space! Great for Owner Occupiers and Fantastic Value Add+ Opportunity! Update or keep as is and collect rent. Units 1,2 & 3 - Roughly 2100 sq. ft. each 3 Bed 2 Bath, In-law unit 2 bed 1 bath! Boiler Building in Great Condition. Roof and Tuckpointing done in 2021! Most Windows Replaced in the last 8 years. Water Heater 2014. Each unit currently has free private washer/dryer in basement. Large rear patio with furniture for tenants to enjoy! You will be impressed!! Cap Rate: 6.95. Gross rent multiplier: 10.00

Sold by Compass.

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© 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 2022-10-05T07:58:49.87 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.

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5844 N Magnolia Avenue Chicago, IL 60660

  • Price: $975,000
  • Status: Closed
  • On Site: 50 Days
  • Updated: 38 min ago
  • MLS #: 11492572
11
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Edgewater
County:
Cook
Area:
Chi - Edgewater
Elementary School:
Swift Elementary School Specialt
High School:
Senn Achievement Academy High Sc
School District:
299
Property Description
Amazing 3+ Unit Property in Andersonville/Edgewater (Legal 3+ Garden In-Law Apartment) Oversized Lot 3535 sq. ft. and building recorded as 6315 sq. ft + Full Basement! Lot is essentially all building with amazing Patio Space! Great for Owner Occupiers and Fantastic Value Add+ Opportunity! Update or keep as is and collect rent. Units 1,2 & 3 - Roughly 2100 sq. ft. each 3 Bed 2 Bath, In-law unit 2 bed 1 bath! Boiler Building in Great Condition. Roof and Tuckpointing done in 2021! Most Windows Replaced in the last 8 years. Water Heater 2014. Each unit currently has free private washer/dryer in basement. Large rear patio with furniture for tenants to enjoy! You will be impressed!! Cap Rate: 6.95. Gross rent multiplier: 10.00
Exterior Features

Exterior Building Type Brick Is Parking Included In Price No Lot Size Oversized Chicago Lot Multi Family Type 3 Flat Parking Details None Waterfront YN No

Interior Features

Basement Partially Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 11 Full Baths In Building 7 Half Baths In Building 0 Heating Radiator(S) Room Type Den Rooms Bedroom 2 Bedroom 3 Bedroom 4 Dining Room Family Room Kitchen Laundry Living Room Master Bedroom Rooms Total 24

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago Financing Conventional General Information Commuter BusCommuter Train Gross Income 96600 Insurance Expense 2400 Mls Actual Status Closed Net Operating Income 67730 New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Short Sale Not Applicable Special Listing Conditions List Broker Must Accompany Tax Annual Amount 16318 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 8050 Township Lake View Type Two To Four Units Water Source Lake Michigan Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Fulton Grace Realty: 773-698-6648.


© 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 2022-10-05T07:58:49.87 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
 
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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611