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5260 W Adams Street, Chicago, IL 60644
$735,000
5260 W Adams Street, Chicago, IL 60644View this property at 5260 W Adams Street, Chicago, IL 60644
5260 W Adams StreetChicagoIL60644
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Property Description
MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST BY MAY 1st at 11:59PM ***Rent Roll Available in Additional Info*** Rent amount is great now, but can be higher (CHA allows landlords to apply for higher rent). Come check out this Investor-friendly multi-family unit building with 7 units for sale. The building consists of six spacious and bright 3 bed 1 bath units & one 4 bed 1 bath unit with generous living square footage and ample closet space. Current occupancy rate of 100% of the capacity making it a secure investment of your hard earned money. Each unit has its own water heater and furnace, all up to date and working well. The occupied units are with CHA tenants, except for one (non-CHA tenants have been living in the building for 20+ years) ensuring consistent cash flow every month. ***Gross income - $9651 NET operating income: $4700/month!!!!*** This is a brick building on the outside with a detached 2-car garage and several remodeled units on the inside featuring recently restored and varnished hardwood floors in four of the units, life-proof, waterproof laminate flooring throughout the rest, freshly painted and move-in ready. One apartment in original condition because tenants have been living there for 20+ years. The roof of both the building and the garage have also been restored in August, 2023 (before and after photos available upon request).
Full Property Details
Full Property Details for 5260 W Adams St
General
- Price: $735,000
- HOA FEE: $2,000
- Taxes: $11,106 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12023061
- Updated: 4/24/2024
- Added to Site: 23 day(s) ago
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: The building is located at the corner of S Lockwood St and W Adams St.
Heating & Cooling
- Heating Type: Electric
Utilities
- Trash: 2700
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1917
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
Lot Features
- Lot Size (Sq. Ft.): 6,200
- Lot Dimensions: 50/125
Financial Considerations
- Maint. Fee: $2,000
- Operating Expenses: $60,724
- Assessment Year: 1917
- Tax Amount: $11,106
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 600
- Pays Trash: 2700
Disclosures and Reports
- Property ID: 16161050170000
Listed by Core Realty & Investments Inc.
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Schools
Schools serving 5260 W Adams St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
139 S Parkside Ave, Chicago, IL 60644 | PK-8 | 0.4 mi | |
231 N Pine Ave, Chicago, IL 60644 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5260 W Adams St
Date
Details
Price
Change
Source
4/07/2024
Listed
$735,000
—
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 5260 W Adams St
5260 W Adams Street, Chicago, IL 60644 (MLS# 12023061) is a Commercial property. 5260 W Adams Street is currently listed for $735,000 and was received on April 07, 2024. Want to learn more about 5260 W Adams 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.