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5635 W Iowa Street, Chicago, IL 60651
$770,000
5635 W Iowa Street, Chicago, IL 60651View this property at 5635 W Iowa Street, Chicago, IL 60651
5635 W Iowa StreetChicagoIL60651
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Property Description
Welcome to this exceptional opportunity to own a charming brick 8-unit property situated on a highly desirable block. This well-maintained building boasts an impressive array of features that make it a solid 10% cap investment for any discerning buyer. Comprising a total of eight 2-bedroom and 1-bathroom units, this property offers spacious and comfortable living spaces for tenants. The units have been meticulously cared for, showcasing the pride and dedication of the current owner. The interiors feature beautiful hardwood floors throughout, creating a warm and inviting atmosphere. The gas forced air system ensures efficient heating, while the separate utilities provide convenience and ease of management. All occupied units are occupied by CHA tenants. This arrangement guarantees a consistent and reliable monthly income. The CHA program provides secure rental payments and a steady source of income for property owners. One of the standout features of this property is the dedicated and reliable management team that is willing to stay on board for the new owner. This continuity ensures a seamless transition and peace of mind for those looking to invest in this property. Situated on a great block, this property enjoys a convenient and sought-after location. Residents have easy access to amenities, including shopping centers, restaurants, parks, and public transportation options. The surrounding neighborhood is known for its vibrant community and friendly atmosphere. Don't miss out on this incredible opportunity to acquire a well-maintained 8-unit brick property with stable CHA tenants and a strong rental history. Whether you're an experienced investor or a first-time buyer, this property offers the perfect combination of stability and future prospects. Act quickly, as properties like this do not stay on the market for long. Schedule your showing today and seize the chance to own this fantastic investment property.
Full Property Details
Full Property Details for 5635 W Iowa St
General
- Sold For: $770,000
- Taxes: $9,338 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11788199
- Added to Site: 358 day(s) ago
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: Austin to Iowa at Parkside. Iowa runs eastbound.
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Concrete
- Exterior Const.: Brick
- Stories/Levels: 2
- Year Built: 1915
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,100
- Lot Dimensions: 50 x 130
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $25,038
- Assessment Year: 1915
- Tax Amount: $9,338.43
- Tax Year: 2021
- Tenant Pays: Electricity, Heat, Hot Water
Disclosures and Reports
- Property ID: 16054300210000
Listed by YBRS Realty Inc.
Sold by Re/Max 10
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Schools
Schools serving 5635 W Iowa St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
932 N Central Ave, Chicago, IL 60651 | PK-8 | 0.1 mi | |
231 N Pine Ave, Chicago, IL 60644 | 9-12 | 0.9 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 5635 W Iowa St
Date
Details
Price
Change
Source
11/15/2023
Sold
$770,000
—
MLS
9/16/2023
Price Reduced
$770,000
-3.75%
MLS
5/20/2023
Listed
$800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5635 W Iowa Street, Chicago, IL 60651 (MLS# 11788199) is a Commercial property that was sold at $770,000 on November 15, 2023. Want to learn more about 5635 W Iowa 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.