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    5301-5 W Barry Avenue

    Chicago, IL 60641
    • $1,395,000
    • STATUS: Active Under Contract
    • ON SITE: 57 days
    • MLS #: 11168959
    Under Contract
    UPDATED: 76 min ago
    $1,395,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1931
    County:

    School Ratings & Info

    Description

    Large corner L shape all brick 12 APARTMENTS BUILDING w/ unfinished basement and 3 car garage in rapidly appreciating Belmont Cragin. All 12 units are above the ground. Building consists: Eight -1 Bedroom Apartments, Two-2 Bedroom Apartments and Two- studios. Units feature: Living room with closet, dining Rm combined w/ kitchen. All hardwood floors throughout. Whole building has 13 separate gas meters, 14 electric circuit brakers boxes, 2 commercial high capacity newer water tanks heaters. High open basement w/ coin laundry and storage area. Newer "Climate guard" all vinyl windows. Central steam heat "WEIL- McLAIN" with R&D computerized control system. Backup all drain protected flood control. All 2nd Floor ceilings isolated. Nice court yard in the back of the building. Note: Some of current rents are lower than regular market rents for the area due to stable long term tenants but (as rented recently by LA 1bedroom unit on N Lockwood Ave side of the building for $ 900) with Upside potential to be raised *** Current CAP Rate: 6.85*** Through improved leasing, management, and raising rents to market rate, an investor has the opportunity to achieve even higher cash flow and a cap rate. GOOD AND RARE INCOME PRODUCING INVESTMENT PROPERTY *** Rent Roll in Additional Info***

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    © 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-22T09:00:17.737 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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    5301-5 W Barry Avenue Chicago, IL 60641

    • Price: $1,395,000
    • Status: Active Under Contract
    • Updated: 76 min ago
    • MLS #: 11168959
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1931
    Built
    Neighborhood:
    Chi - Belmont Cragin
    County:
    Cook
    Area:
    Chi - Belmont Cragin
    Property Description
    Large corner L shape all brick 12 APARTMENTS BUILDING w/ unfinished basement and 3 car garage in rapidly appreciating Belmont Cragin. All 12 units are above the ground. Building consists: Eight -1 Bedroom Apartments, Two-2 Bedroom Apartments and Two- studios. Units feature: Living room with closet, dining Rm combined w/ kitchen. All hardwood floors throughout. Whole building has 13 separate gas meters, 14 electric circuit brakers boxes, 2 commercial high capacity newer water tanks heaters. High open basement w/ coin laundry and storage area. Newer "Climate guard" all vinyl windows. Central steam heat "WEIL- McLAIN" with R&D computerized control system. Backup all drain protected flood control. All 2nd Floor ceilings isolated. Nice court yard in the back of the building. Note: Some of current rents are lower than regular market rents for the area due to stable long term tenants but (as rented recently by LA 1bedroom unit on N Lockwood Ave side of the building for $ 900) with Upside potential to be raised *** Current CAP Rate: 6.85*** Through improved leasing, management, and raising rents to market rate, an investor has the opportunity to achieve even higher cash flow and a cap rate. GOOD AND RARE INCOME PRODUCING INVESTMENT PROPERTY *** Rent Roll in Additional Info***
    Exterior Features

    Exterior Building Type Brick Frontage Type City Street Outdoor Parking 1-5 Spaces Parking Total 3 Roof Structure Flat

    Interior Features

    Basement UnfinishedExterior AccessBathroom Rough-InStorage Space Cooling Window Unit(S) Fireplaces Total 0 Heat Ventilation Central Bldg HeatSteam Miscellaneous Inside Storage InsideLaundry Room Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 12 Number Of Washers 1

    Property Features

    Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Electric Circuit Breakers Gross Income 128820 Gross Scheduled Income 128820 Insurance Expense 4864 Location Corner Maintenance Expense 0 Net Operating Income 95867 Operating Expense 32953 Ownership Types Individual Seller Needs Cash Tax Annual Amount 12398 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 10785 Township Jefferson Type Multi Family 5+ Utilities Sanitary Sewer Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Dream Town Realty.


    © 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-22T09:00:17.737 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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