5528 W Berteau Avenue, Chicago, Illinois 60641

$745,000
8
BD
3
BA

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Sold Price
$745,000
List Price
$749,900
Closing Date
Dec 31, 2024
MLS#
12180870
Status
CLOSED
Type
Multifamily
Subtype
Residential Income
Bedrooms
8
Bathrooms
3
Gross Rental Income
$33,000
County
Cook
City
Chicago
Neighborhood
Portage Park
Days On Market
18

Property Description

You will not find a nicer building than this classic large yellow brick 3 flat right across the street from Portage Park. Current owner has updated and meticulously maintained this property for many years. Two spacious 6 room 3-bedroom units and a large 2-bedroom legal garden apartment all loaded with old world charm, hardwood floors and natural wood trim throughout. Kitchens and baths have all been updated. Owner's unit features a gorgeous island kitchen with top-of-the-line appliances (stove refrigerator, dishwasher, microwave and disposal). Check out the room sizes! LR 17x14, DR 15x13, Kit 17x13, Br 17x12 Br 14x12 and 19x12. Master bedroom truly large enough for king size set plus plenty of closet space. Extra-large 3rd bedroom. Roof complete tear off with new rubber roof and rebuilt parapet walls about 5 years ago. All newer windows and newer appliances. Great location across from the park that offers both indoor and Olympic size outdoor pool, tennis, jogging, dog park and an array of activities all year long. Easy access to schools, (1.5 block walk to elementary school), shopping and public transportation. Lovely yard and a 2 car brick garage. Perfect for a home and investment. Rents are low should be $1900 each for 1st and second and $1400 for garden plus $300 for garage would total $5500 monthly or gross $66,000 yearly. Less expenses of $17046 would equal $48854 net or a 6.5% return!! This is a great property. Well maintained ready for its new owner. Any questions regarding this listing please contact Norbert Mika. Text or email preferred. Thank you.

Additional Information

School District
299
Elementary School
Portage Park Elementary School
Middle School
Portage Park Elementary School
Corporate Limits
Chicago
Tax Year
2023
Tax Exemptions
Homeowner
Tax Amount
$8,617
Year Built
1928
Lot Dimensions
30 X 125
Lot Size Range
Oversized Chicago Lot
Units
3
Garage Spaces
2
Parking Spaces
2
Parking Details
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Heating
Natural Gas, Steam
Sewer
Public Sewer
Basement
Yes
Total Rental Income
$33,000

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: Long-Kogen Inc..



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