5001 W Grace Street, Chicago, Illinois 60641
- $825,000
- 10
- BD
- 5
- BA
- Sold Price
- $825,000
- List Price
- $779,000
- Closing Date
- May 17, 2024
- MLS#
- 11966487
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 10
- Bathrooms
- 5
- Gross Rental Income
- $6,025
- County
- Cook
- City
- Chicago
- Neighborhood
- Portage Park
- Days On Market
- 5
Property Description
Ideal Portage Park 4 Flat brick investment property features four renovated two bedroom units. Tenants pay all their own utilities as there are separate boilers to heat each unit. Plus, as a bonus, there's a grandfathered first floor unit, not yet renovated, with long-term (7+ years) tenants paying $950. New Windows, New Baths, New Kitchens - including cabinets, granite counters and Stainless Steel Appliances! All the light fixtures and ceiling fans are new, and the hardwood floors throughout have been refinished. Great location too! Sutherlands, Tata's Tacos, Culvers and Binny's Beverage Depot are just two blocks away on Irving Park Road, and Portage Park itself with all it has to offer (endless green space, dog park, tennis courts, Farmer's Market, swimming pool, etc.) is just a short six block walk. Tenants can dine at additional restaurants on Irving Park Rd. or Milwaukee Ave very close by. They will really enjoy this neighborhood! One unit just vacated as the tenants bought their first home, so that unit is easy to show, and available for an owner-occupant if needed. Incredibly bright second/top floor home! Otherwise, it can be leased for $1,400-$1,500 in today's market! Sit back and collect $72,300 annually, and watch it grow to $84,000 or more as tenants turn over!
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Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2021
- Tax Amount
- $11,066
- Year Built
- 1912
- Lot Dimensions
- 30 X 124
- Lot Size Range
- Oversized Chicago Lot
- Heating
- Natural Gas, Steam, Sep Heating Systems - 2+, Indv Controls
- Sewer
- Public Sewer, Storm Sewer
- Basement
- Yes
- Total Rental Income
- $6,025
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Selling Office: Greystone Realty.
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