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Listing 8 out of 3,008
$5,250,000 For Sale

5854 North Kenmore Avenue
Chicago, IL 60660

26 units | Multi Family Home - MLS# 10258928
Property Photo
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Description

Multi-Family Investment Opportunity for a turn-key 26 Unit Condo De-conversion Offering. Updated, Well Maintained Mix of 16 one bedroom, 8 studio, 2 two bedroom units and 15 parking spaces. Located within blocks of Lake Michigan and Loyola University and around the corner from the Thorndale Red Line stop. Units rehabbed with newer kitchens, baths, interiors, in-unit laundry, A/C units. Plumbing upgraded with copper - vertical and horizontal. Elevator updated to current codes. NOI $312,000; Cap rate of 6% at list.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: Cook County
  • Zip Code: 60660
  • Year Built: 1961
  • Sq.Ft.: 15,000 sq ft
  • Units: 26 units
  • # of Parking Spaces: 15
  • Pool or Spa: Hot Tub, See Outdoor Parking
  • Zoning: MULTI
  • # Of Bdrms - Unit 2: 1
  • # Of Bdrms - Unit 3: 2
  • # Of Dryers: 26
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # Of Full Bthrms - Type 3: 2
  • # Of Ranges: 26
  • # Of Refrigs: 26
  • # Of Rooms - Unit 1: 3 Rooms
  • # Of Rooms - Unit 2: 4 Rooms
  • # Of Rooms - Unit 3: 5 Rooms
  • # Of Stories: 5
  • # Of Units - Apt. Type 1: 8
  • # Of Units - Apt. Type 2: 16
  • # Of Units - Apt. Type 3: 2
  • # Of Washers: 26
  • Air Conditioning: Wall Sleeve
  • Approximate Age: Older
  • Built Before 1978 (Y/N): Yes
  • Current Use: Condominium
  • Electric Expense Source: $
  • Electrical Service: Circuit Breakers
  • Electricity Expense: $3,500
  • Frontage/Access: City Street
  • Fuel Expense: $4,500
  • Fuel Expense Source: $
  • Gross Rent Multiplier: 11.7
  • Heat/Ventilation: Electric, Baseboard
  • Insurance Expense: $6,500
  • Janitor Expense: $11,000
  • Janitor Expense Source: $
  • Lot Dimensions: 60X125
  • Misc Inside: Elevator/S Passenger, Storage Inside
  • Monthly Income - 1: $1,050
  • Monthly Income - 2: $1,375
  • Monthly Income - 3: $2,350
  • Monthly Income Max - 1: $1,050
  • Monthly Income Max - 2: $1,375
  • Monthly Income Max - 3: $2,350
  • Net Operating Income Year: $2,018
  • Other Expense Source: $
  • Other Expenses: $35,000
  • Outdoor Parking: 13-18 Spaces, Fenced, Secured
  • Potential Use: Residential-Multi-Family
  • Repairs-Decor Expense: $18,000
  • Repairs-Decor Expense Source: $
  • Roof Structure: Flat
  • Tax Year: 2017
  • Taxes: $35,000
  • Tenant Pays: Air Conditioning, Electric, Heat
  • Total Annual Exp: 123840
  • Total Annual Income: $448,200
  • Total Monthly Income: $37,350
  • Township: Lake View
  • Type Multi-Family: Hi-Rise
  • Utilities To Site: Sanitary Sewer To Site, Water-Municipal
  • Water Expense: $6,100
  • Water Expense Source: $
Courtesy of Baird & Warner
Daniel And Associates Real Estate
465 East Roosevelt Road
West Chicago, IL 60185

Office:  630-231-8090
Office:  630-393-1700

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