5027-29 W Washington Boulevard
Chicago, IL 60644

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Description

CONDO STYLE 6 unit apartment building on a beautiful tree-lines street of Washington Boulevard. Complete GUT REHAB of 5 units consisting of 3 bedrooms. 1 unit in pristine original state, large 2 bedroom with full dining room in retro style but with ALL NEW MECHANICS. This One-of-a-Kind property sits on an extra wide and extra deep lot. 4 car brick garage with separate doors for each space. Large back yard! SEPARATE and INDIVIDUAL UTILITIES! Electrical panels in each unit. Super High efficiency furnaces and AC are "AQUA-THERM" systems with heat pump technology! Tenant's heating and AC bills will be a fraction of the average costs. Laundry hook-ups in each unit! Kitchens have Quartz counters, stainless steel appliances and solid maple cabinets for great durability. Gorgeous Hardwood floors throughout! High ceilings of 9' in all units. Large, open, double basement with high ceilings, large window openings and separate entrances & exits on each side of the building! This makes it perfect to add value with additional living space in this huge building. HIGH income and LOW expenses! Situated between Downtown Chicago and Oak Park for great shopping, restaurants and many more amenities. Close to expressway and all lines of transportation. Highly desirable property for Investors!

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60644
• Year Built: 1900
• Stories: 3
• Units: 6 units
• Basement: Yes, See Basement Features
• Fireplace: 6
• Zoning: MULTI
• # Of Dishwashers: 2
• # Of Dryers: 7
• # Of Ranges: 7
• # Of Refrigs: 7
• # Of Washers: 7
• Approximate Age: New Rehab
• Basement Features: Finished, Partially Finished, Exterior Entry, Bath/Stubbed, Egress Window, 8 ft + pour, Concrete, Storage Space, Daylight
• Built Before 1978 (Y/N): Yes
• Cap Rate: 8.5
• Construction Materials: Brick, Concrete, Steel Siding, Stone
• Cooling: Central Air
• Directions: Washington Boulevard East of Laramie
• Electric: Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
• Electric Expense: 900
• Electric Expense Source: Combination
• Expense Year: 2022
• Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Combination
• Gross Income: 159600
• Gross Rent Multiplier: 7.8
• Gross Scheduled Income: 159600
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas, Separate Per Unit, Individual Furnaces
• Indoor Parking: 1-5 Spaces
• Insurance Expense: 4500
• Insurance Expense Source: Actual
• Janitor Expense: 1200
• Lot Size Square Feet: 7500
• Main Type: Commercial Sale
• Maintenance Expense: 1450
• Manager Expense: 5472
• Manager Expense Source: CO
• Misc Inside: Storage Inside, Laundry Room
• Misc Outside: Balcony/ies, Storms and Screens (as exist), Sun Deck
• Operating Expense: 32832
• Other Expense: 3370
• Other Expense Source: Combination
• Outdoor Parking: Fee Parking, Parking-Street
• Ownership Type: Corporation
• Repairs-Decor Expense Source: Combination
• Roof: Membrane, Rubber
• Roof Structure: Flat
• Tax Annual Amount: 3914
• Tax Year: 2022
• Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water, All Utilities
• Total Annual Expense Source: Combination
• Total Monthly Income: 13300
• Township: West Chicago
• Trash Expense: 2400
• Trash Expense Source: Actual
• Type Multi-Family: Condo/Townhouse
• Water Expense Source: Combination
• Water Sewer Expense: 3200
• Water Source: Municipal Water