5353 W BELLE PLAINE AVE Open House Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60641
OPEN HOUSE
Sat Jul 05, 12:00pm - 2:00pm Sun Jul 06, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12391769
Bedrooms 10
Year Built 1905
Annual Tax Amount $10,360
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
MUST SEE ((8.03 Cap Rate)) & ABSOLUTLY STUNNING Portage Park LEGAL (4) UNIT with an additional (5th) Unit and or In-Law Suite / Garden unit. The Property is conveniently located directly across the street from Portage Parks entrance on Belle Plaine & Long Ave. All units are currently rented out and the building is receiving $9,000 in rent currently. ((Full Disclosure, (1) of the top floor units is still occupied by the owner till the building sells. His unit would rent for a min of $2000)). Currently the building is comprised of (5) occupied units although the garden unit can be duplexed up to one of the first floor units and that unit could then be a (4) bedroom (2) bath unit. There are two beautiful balconies that look directly onto Portage Park. The Building Features Modern updates Including (4) newer hot water tanks, (5) furnaces. (2) Air conditioning condensers. Updated Electric. All Plumbing last updated 2020. Last FULL tuck pointing done in 2021. Entire Roof replaced in 2018. Currently 2 of the units have in-unit washers dryers and the remainder of the building uses coin operated laundry in the basement. Basements includes additional rough-in Plumbing that is ready to be converted to an additional apartment. There's a small room in the basement with a Water Booster Pump to increase the water pressure and flow for the five units in the building. The basement also has Plenty of storage. Lastly there's a two car attached garage with an EV charger station that the owner uses exclusively. The basement storage could be rented out for another $300 and you could rent the garage space out for another roughly $300 as well to increase your overall cash flow.
Location
State IL
County Cook
Area Chi - Portage Park
Zoning MULTI
Interior
Heating Natural Gas
Equipment CO Detectors,Ceiling Fan(s),Multiple Water Heaters
Exterior
Exterior Feature Balcony
Garage Spaces 2.0
Community Features Park,Pool,Tennis Court(s),Curbs,Sidewalks,Street Lights,Street Paved
Roof Type Rubber,Flat
Building
Lot Description Corner Lot,Landscaped,Wooded
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Portage Park Elementary School
School District 299 ,299, 299
Others
Special Listing Condition None