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5614 W Grand Avenue, Chicago, IL 60639
$2,250,000
5614 W Grand Avenue, Chicago, IL 60639View this property at 5614 W Grand Avenue, Chicago, IL 60639
5614 W Grand AvenueChicagoIL60639
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Property Description
This exciting investment opportunity features three adjacent 3-unit new construction apartment buildings located in Chicago's Belmont Cragin neighborhood in a CHA Mobility Area. Completed in 2022, each building consists of three 3BD/2Ba units with luxury finishes, individual HVAC, and in-unit laundry. The apartments layout favorably with open floor plans and a large primary bedroom/bath. Units feature a dedicated parking space, private balcony or patio, storage, and individual water tanks. This is an opportunity to buy a newly-constructed, well-designed and highly-amenitized asset that is among the nicest product in a still affordable submarket. Achieve stability and rent upside with professional management and leasing. The properties are situated northwest of downtown Chicago near Hanson Park in the Belmont Cragin Neighborhood. This quiet area is primarily residential and light industrial uses. The subject property is 1 block from the Metra Hanson Park station and near CTA bus routes. This is a portfolio with 2 separate PIN's - properties can be sold separately.
Full Property Details
Full Property Details for 5614 W Grand Ave
General
- Price: $2,250,000
- HOA FEE: $4,200
- Taxes: $9,308 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11993940
- Updated: 4/7/2024
- Added to Site: 55 day(s) ago
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Township: West Chicago
- Driving Directions: Located at the northwest corner of N Central Ave & W Grand Ave.
Heating & Cooling
- Heating Type: Individual Furnaces
Utilities
- Trash: 1800
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 12,150
- Year Built: 1951
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 9
- # Dryers: 9
Lot Features
- Lot Size (Sq. Ft.): 9,413
- Lot Dimensions: 9413 SQFT
Financial Considerations
- Maint. Fee: $4,200
- Insurance Fee: $7,426
- Operating Expenses: $75,319
- Other Fee: $6,300
- Assessment Year: 1951
- Tax Amount: $9,308.49
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
- Pays Electric: 1347
- Pays Trash: 1800
Disclosures and Reports
- Property ID: 13322180270000
Listed by Essex 312, LLC
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Schools
Schools serving 5614 W Grand Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2231 N Central Ave, Chicago, IL 60639 | PK-8 | 0.2 mi | |
3030 N Mobile Ave, Chicago, IL 60634 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
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 5614 W Grand Ave
Date
Details
Price
Change
Source
4/01/2024
Price Reduced
$2,250,000
-4.26%
MLS
3/04/2024
Listed
$2,350,000
1466.67%
MLS
11/07/2019
Sold
$150,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5614 W Grand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$11,766
279%
$57,205
271%
2021
$3,102
-10%
$15,428
—
2020
$3,437
11%
$15,428
—
2019
$3,100
2%
$15,428
—
2018
$3,048
4%
$15,428
13%
2017
$2,941
621%
$13,663
570%
2016
$408
9%
$2,039
—
2015
$374
-1%
$2,039
—
2014
$378
2%
$2,039
—
2013
$371
1%
$2,039
—
2012
$366
—
$2,039
—
Disclaimer: Historical tax 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 5614 W Grand Ave
5614 W Grand Avenue, Chicago, IL 60639 (MLS# 11993940) is a Commercial property. 5614 W Grand Avenue is currently listed for $2,250,000 and was received on March 04, 2024. Want to learn more about 5614 W Grand Avenue? Do you have questions about finding other Commercial real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.