Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago
$949,000
5400 W 23rd Street
Details
APN 16281050400000
Property Type Multifamily
Sub Type Apartment Building
NOI $74,155
Year Built 1913
Acreage 0.090
Zoning MULTI
Multifamily
Marketing description
Turnkey, condo-quality 4-unit investment property! This extensively gut-rehabbed building features high-end finishes throughout and offers an excellent unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. All units are currently leased, providing immediate cash flow with a strong cap rate. Each apartment includes in-unit washer and dryer, separate HVAC systems, and individual water heaters, helping reduce owner expenses and simplify maintenance. The property has been renovated with modern kitchens, updated bathrooms, newer mechanicals, and quality finishes throughout. Conveniently located near schools, parks, shopping, dining, public transportation, and major expressways, this property offers strong tenant appeal and excellent accessibility. The desirable location supports stable occupancy and long-term rental demand. A rare opportunity to acquire a fully stabilized, turnkey asset with strong in-place income and minimal capital expenditure needs. Perfect for investors seeking immediate cash flow and long-term appreciation potential.
Listing Contacts
Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,155.00
$6,179.58/mo
Valuation Metrics
0
DSCR
7.81%
Cap Rate
7.81%
ROI
Map
Zoning
N-1 ResidentialSingle FamilyTraditional Neighborhood
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 39 uses
View all 39 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?


