5849 S Michigan Avenue
Property Description
Welcome to this lovely property located in Chicago's Washington Park neighborhood consisting of an all-brick exterior with 8 units. This multifamily property located in One of Chicagos premier communities features SIX spacious 3-bedroom/1-bath units and two versatile garden apartments, with a fully occupied rent roll and strong rents in place. The residences feature hardwood flooring, decorative fireplaces, oversized windows, abundant natural light, and private rear decks. Additional property amenities include on-site laundry, basement storage, and six rear parking spaces. Owner-reported improvements include two water heaters replaced within the past two years, along with a modernized boiler system equipped with wireless thermostats. An excellent opportunity for investors seeking a multifamily asset with established rental income and additional value potential. Serious inquiries only. Financial qualification, including proof of liquid funds, is required prior to scheduling a showing.
Broker Details
Keller Williams Preferred Realty (708) 798-1111
MLS ID: 506455 State License Number: 471014052
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $749,000 |
| No. of Units: | 8 |
| Year Built: | 1908 |
| Opportunity Zone: | No |
| Price per unit: | $93,625 |
| Property Website | Click Here |
| Number of Bedrooms: | 20 |
| Number of Bathrooms: | 9 |
ID: 3yd-MREDIL-12765767
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
611 Mayne Street
Huntington, Indiana
3109 Central Drive
Fort Wayne, IndianaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout