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$ 424,999

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5310 W WAVELAND AVE Chicago, IL 60641

8 Beds

UPDATED:

10/18/2024 09:22 PM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12124948

Bedrooms 8

Maintenance Fees $800

Year Built 1919

Annual Tax Amount $7,504

Tax Year 2022

Lot Dimensions 32 X 132

Property Description

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 $1,600 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. FYI: The Property is Back on the Market because the Buyers Financing fell through the day before the closing!

Location

State IL

County Cook

Area Chi - Portage Park

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas, Steam

Equipment Ceiling Fan(s), Multiple Water Heaters

Fireplace N

Exterior

Exterior Feature Patio, Porch, Storms/Screens

Garage Detached

Garage Spaces 2.5

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Waterfront false

Roof Type Asphalt

Building

Lot Description Sidewalks, Streetlights

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

Elementary Schools Gray Elementary School

High Schools Schurz High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by David Mishel • Compass

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