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33602617
33602631

5008 W Strong Street, Chicago, IL 60630

Compass Chicago
The Mike Brown Group
Listed by Compass Chicago, The Mike Brown Group
$659,900
5 days on market
Updated 2 days ago

5008 W Strong Street

Details
APN 13094170230000
Property Type Multifamily
Sub Type Apartment Building
NOI $47,128
Year Built 1921
Zoning MULTI
Parking Spaces spaces

Multifamily

Marketing description

Fantastic investment opportunity on a quite tree lined street of Jefferson Park. Legal 3 flat perfect for an investor or live in owner looking to invest in themselves. Get the best of both worlds with a wonderful mix of vintage charm and modern conveniences. Kitchens and baths have been remodeled a while ago but very nice. Two 2-bedroom 1 bath units plus a large 4 room one bedroom on top floor. Enclosed back porches and lots of extra storage. All units have separate furnaces. Located in a quiet little neighborhood of Jefferson Park near Beaubien School and perfectly situated with easy commuter access to I-90 off Lawrence or hop on the Blue Line or Metra train just a couple blocks away. Still, plenty of opportunity to expand... additional potential square footage in the full high basement. Brand new 2 car garage and a nice, fenced yard. Rents $1900. 1st floor, $1800. 2nd floor, $1550. 3rd floor and $250 for garage with a total of $5500. monthly or $66,000 yearly gross less expenses of $18522. equals a net income of $47128. A 7% return on a cash-on-cash investment. Property in good condition and being sold "as is'". Any questions, offers or concerns contact Norbert Mika. See agent remarks.
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Listing Contacts

Compass Chicago
The Mike Brown Group
Listed by Compass Chicago, The Mike Brown Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$47,128.00
$3,927.33/mo

Valuation Metrics

0
DSCR
7.14%
Cap Rate
7.14%
ROI

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