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5415 North Ashland Avenue, Chicago, IL 60640

$475,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • 2 Car Garage
  • Updated 8 days ago
5415 North Ashland Avenue, Chicago, IL 60640View this property at 5415 North Ashland Avenue, Chicago, IL 60640
5415 North Ashland AvenueChicagoIL60640

Property Description

Hot Location! Big Profits! Great Cash Flow! Investors don't miss out on the opportunity to purchase a Brick 2 flat in one of the most desirable neighborhoods in Chicago - Edgewater! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit and a garden unit with 2 beds and 1 bath. Renovated sold comparable 2 and 3 unit properties in Edgewater within a mile of this building sold for an average of $855,000! Gut the garden unit and cosmetically upgrade the other two units to make a $300,000+ profit! Once renovated, the 3 bedroom unit can rent for up to $2,100 per month and the 2 bedrooms can rent for $1,700 per month - $5,500 in gross monthly rental revenue or $66,000 in gross annual rental income! Owner lives in the top unit
and the other two units have month-to-month leases! Buyer will need to purchase "as is". The owner is installing a brand new back porch in April of 2018 - this is a $25,000 value to the new owner!

Full Property Detailsfor 5415 North Ashland Avenue

General

  • Price: $475,000
  • Taxes: $6,965 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 09884476
  • Updated: 4/16/2018
  • Added: 41 day(s) ago

Property History

  • 5415 North Ashland Avenue, Chicago, IL
  • Listed at $475,000 on 3/14/18

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 7
  • Bedrooms(Abv Grade): 7

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train

Exterior

  • Exterior Features: Porch

Parking

  • Garage: Yes
  • Garage Ownership: Owned
  • Garage Spaces: 2
  • Number of Cars: 2
  • Parking Type: Garage

Location

  • Area: CHI - Edgewater
  • County: Cook
  • Township: LAKE VIEW
  • Driving Directions: Ashland North of Balmoral to 5415

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Radiators

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Architectural Style: 2 Flat
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Year Built: 1896
  • Built Before 1978: Yes
  • Remodeled/Updated: 2018

Unit Information

  • Units in Building: 3

Unit 1

  • Level: 1
  • Bedrooms: 2
  • Tenant Pays: None

Unit 2

  • Level: 2
  • Bedrooms: 2
  • Tenant Pays: Electricity, Gas, Heat

Unit 3

  • Level: 3
  • Bedrooms: 3
  • Tenant Pays: Electricity, Gas, Heat

Lot Features

  • Lot Dimensions: 3, 950 SQ FT
  • Zoning: MULTI

Financial Considerations

  • Tax Amount: $6,965.59
  • Tax Year: 2016
  • Terms: Conventional, FHA, VA

Disclosures and Reports

  • APN: 14081070150000

Listed by Keller Williams Premiere Properties

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Schools

Schoolsserving 5415 North Ashland Avenue

School District:Chicago Public Schools
School Name
Grades
Distance
Helen Peirce International Studies Elementary School
1423 W Bryn Mawr Ave, Chicago, IL 60660
PK-8
0.2 mi
Nicholas Senn High School, Chicago, IL
5900 North Glenwood Ave, Chicago, IL 60660
9-12
0.6 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 5415 North Ashland Avenue

Listed by Keller Williams Premiere Properties

5415 North Ashland Avenue, Chicago, IL 60640 (MLS# 09884476) is a Multi-Family property with 3 units containing 7 bedrooms and 3 full bathrooms. 5415 North Ashland Avenue is currently listed for $475,000 and was received on March 14, 2018. Want to learn more about 5415 North Ashland Avenue? Do you have questions about finding other Multi-Family real estate for sale in Edgewater? You can browse all Edgewater real estate or contact a Coldwell Banker agent to request more information.