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29689490
29689492

5027-29 W Washington Boulevard, Chicago, IL 60644

JM
IL 471016795
@properties
Listed by @properties
$1,425,000
1036 days on market
Updated 39 days ago
Opportunity zone

5027-29 W Washington Blvd

Details
APN 16094260070000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo (+2)
Square Footage 7,200
Net Rentable (SqFt) 8,000
Units 6
Cap Rate 8.50%
NOI $76,608
Broker Co-Op Yes
Class C
Year Built 1900
Stories 3
Lot Size (SqFt) 7,500
Zoning MULTI
Parking Spaces 4 spaces
Parking Per SqFt 0.56
Investment Type Stabilized
Ground Lease No

7 Unit - Turn-Key

Marketing description

CONDO STYLE 6 unit apartment building on a beautiful tree-lines street of Washington Boulevard. Complete GUT REHAB of 5 units consisting of 3 bedrooms. 1 unit in pristine original state, large 2 bedroom with full dining room in retro style but with ALL NEW MECHANICS. This One-of-a-Kind property sits on an extra wide and extra deep lot. 4 car brick garage with separate doors for each space. Large back yard! SEPARATE and INDIVIDUAL UTILITIES! Electrical panels in each unit. Super High efficiency furnaces and AC are "AQUA-THERM" systems with heat pump technology! Tenant's heating and AC bills will be a fraction of the average costs. Laundry hook-ups in each unit! Kitchens have Quartz counters, stainless steel appliances and solid maple cabinets for great durability. Gorgeous Hardwood floors throughout! High ceilings of 9' in all units. Large, open, double basement with high ceilings, large window openings and separate entrances & exits on each side of the building! This makes it perfect to add value with additional living space in this huge building. HIGH income and LOW expenses! Situated between Downtown Chicago and Oak Park for great shopping, restaurants and many more amenities. Close to expressway and all lines of transportation. Highly desirable property for Investors!

Investment highlights

  • 7 Unit Apartment Building

  • 7- 3 Bedroom Gut Rehabbed

  • All New Mechanicals Throughout

  • Individual Utilities - Aquatherm Heating Systems

  • In-unit Laundry

  • 4 Indoor Garage Parking

  • 1 Separate Unfinished Basements With 8’ Ceilings

  • Individual Outdoor Porch Space Per Unit.

  • Oversized Lot With Private Back Yard


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JM
IL 471016795
@properties
Listed by @properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$76,608.00
$6,384.00/mo

Valuation Metrics

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DSCR
5.38%
Cap Rate
5.38%
ROI

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