4855 W Cortez Street
Chicago, IL 60651

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Description

12 quality fully leased rehabed units in emerging West Humboldt Park Quadrant. Rehab completed in last five years. Features include Tenant paid Heat, A/C and Elect. Stainless steel kitchens with dishwashers, granite counters, restored hardwood floors and generous room sizes. A restored 2 car plus garage is also included, Basement area includes coin laundry facilities for tenants on premises. Building is gated, entrance on Lamon side leads to a private enclosed outdoor space for tenant enjoyment. Fully rented building. Recent improvements include new rear porches, new exterior electrical and roof refurbishing. Minutes from schools, shopping, entertainment, public transportation and expressways.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60651
• Year Built: 1925
• Stories: 2
• Units: 12 units
• Basement: Partially Finished
• Fireplace: 6
• Zoning: MULTI
• # Of Dishwashers: 11
• # Of Dryers: 2
• # Of Ranges: 12
• # Of Refrigs: 12
• # Of Washers: 2
• Approximate Age: Older
• Building Unit Info: Fire Alarm, No Units Furnished, Restriction-Pets, Smoke/Alarm Detector
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.8
• Construction Materials: Brick
• Cooling: Central Individual
• Directions: Cicero Ave north or south to Augusta Blvd. West to Lamon, right to Cortez
• Electric: Circuit Breakers, Service - 0 to 100 Amps
• Electric Expense: 2973
• Expense Year: 2025
• Fuel Expense: 2507
• Gross Income: 168732
• Gross Rent Multiplier: 8
• Gross Scheduled Income: 168732
• Heat/Ventilation: Forced Air, Gas
• Information: List Broker Must Accompany, No Sign on Property
• Insurance Expense: 11824
• Janitor Expense: 4013
• Land Amenities: Children's Play Yard, Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready
• Location: Corner, Public Transport Avail
• Main Type: Commercial Sale
• Maintenance Expense: 7000
• Manager Expense: 4013
• Misc Inside: Laundry Room
• Operating Expense: 69444
• Other Expense: 750
• Other Expense Source: Actual
• Ownership Type: Limited Partnership
• Roof Structure: Flat
• Sewer: Storm Sewer
• Tax Annual Amount: 17981
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 14061
• Township: West Chicago
• Trash Expense: 3338
• Type Multi-Family: Corridor-Interior Entrance, Flats, Cluster
• Water Sewer Expense: 13790
• Water Source: Municipal Water