5310 W Waveland Avenue , Chicago, IL 60641
Chicago, IL 60641
Description
(BIG Price Reduction) Come check out this Fantastic looking 3 Unit Multi-Family building situated on a Beautiful tree line Street in Portage Park. ((Legal 2 unit)) with a projected Cap Rate of close to 9%. The property is located just a 1/2 a block away from William P Gray Elementary School and Portage Park just a couple blocks away. The property sits on an extra wide lot 32x132. The property consists of the 1st floor (4) bedroom 1 bathroom unit with a full dining room/living room combo with projected rent at $2100 including the full garage, 2nd floor is a (2) bedroom 1 bathroom with projected rent at $1,700 and the non-conforming lower level is a (2) Bedroom 1 bathroom unit projected with $800 rent. (The projected Cap rate is currently 8.95% from the projected rents) The lower unit would be ideal for Extra rent or Extended Family. Currently in the basement there is a Washer and Dryer for the entire building to use and some good value add would be to replace that with a coin operated washer dryer. Newish Hot Water tanks (2017) that are on separate circuit breakers. The 1st floor has heat from the boiler and the second floor has gas forced air with a furnace that's located in the attic. And to complete the property, in the rear there's a Large Beautiful Backyard with a cute little patio and a two-car garage. UPDATES ARE AS FOLLOWS: 2023- 1st Floor Stove, Fridge & Microwave. 2022- Downspouts. 2021- Windows second floor only. 2019- Roof, Washer & Dryer & 2nd floor Fridge & Stove. 2017- Hot Water Tanks. 2016- Plumbing, some new copper. 2010- Furnace/Boiler. Tons of shopping near by, Parks & Recreation super close by and just a few min to the Highway.
Details
| MLS# | 12124948 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1919 |
| Days On Site | 73 |
| Listing Provided By | Compass | David Mishel |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Basement | Y |
| Zoning | MULTI |
Market Activity 60641
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60641 |
| Area | CHI Portage Park |
| School District | Schurz High School |
| Elementary School | Gray Elementary School |
| Middle School | 299 |
| High School | Schurz High School |
| Listing VS Median (in 60641) | |
Price: $424,999 low | high Med: $384,000 On Site: 73 low | high Med: 72.000000 | |
