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5005 W Ferdinand Street, Chicago, IL 60644
$525,000 Contingent
5005 W Ferdinand Street, Chicago, IL 60644View this property at 5005 W Ferdinand Street, Chicago, IL 60644
5005 W Ferdinand StreetChicagoIL60644
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Property Description
5005 W Ferdinand St is a handsome classic Chicago corner all-brick apartment building. This cash-flowing investment opportunity in Chicago's South Austin neighborhood boasts eight two-bedroom units featuring attractive floor plans, newer windows, newer roofs (back porches and porch roofs need work), mostly updated kitchens and baths, and hardwood and laminate flooring. This is a smart investment, with tenant-paid gas (for heating, cooking, and hot water), and tenant-paid electricity for all eight apartments. 6 of 8 units are rented to excellent long-term tenants (some as long as 25+ years). 2 easily rentable apartments are intentionally left empty right now for easy marketing of building. Apartments have been well-maintained and some have been rehabbed. Classic vintage common hallways, some original woodwork and moldings intact, hardwood flooring, lots of natural light from plentiful large windows. Ample street parking. Tremendous commuter location for your tenants by car (8-mile drive to Loop), bicycle (6.8-mile ride along designated bicycle routes), or public transportation (.4-miles to Laramie Green Line el stop, .3-miles to #54 Cicero Ave or .4-miles to #66 Chicago Ave bus stops). Building is a cash machine, a clean investment property that has had many updates by the long-term owner and has a very low expense roll. Net Operating Income $47,574 (Projected Gross Rental Income $110,400 & Projected Net Operating Income $81,174)
Full Property Details
Full Property Details for 5005 W Ferdinand St
General
- Price: $525,000
- HOA FEE: $2,211
- Taxes: $14,186 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11990449
- Updated: 4/11/2024
- Added to Site: 63 day(s) ago
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: From Kinzie St/Lavergne Ave, north on Lavergne Ave to Beautiful Corner Building at southwest corner of Lavergne Ave/Ferdinand St (5005 W Ferdinand St)
Heating & Cooling
- Heating Type: Forced Air, Gas, Individual Furnaces
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 2
- Year Built: 1925
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 50' x 125'
Financial Considerations
- Maint. Fee: $2,211
- Insurance Fee: $6,745
- Operating Expenses: $29,226
- Assessment Year: 1925
- Tax Amount: $14,186
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Hot Water
- Pays Electric: 1992
Disclosures and Reports
- Property ID: 16092270360000
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Schools
Schools serving 5005 W Ferdinand St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4837 W Erie St, Chicago, IL 60644 | PK-8 | 0.3 mi | |
3250 W Adams St, Chicago, IL 60624 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
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Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5005 W Ferdinand St
Date
Details
Price
Change
Source
2/27/2024
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5005 W Ferdinand St
5005 W Ferdinand Street, Chicago, IL 60644 (MLS# 11990449) is a Commercial property. 5005 W Ferdinand Street is currently listed for $525,000 and was received on February 27, 2024. This property is listed by Matt Shrake from our Gold Coast Office.Want to learn more about 5005 W Ferdinand Street? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.