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Description

A prime turnkey investment opportunity is now available in Chicago Ridge. Longtime owner is consolidating his real estate portfolio and offering this 6 unit building up for sale. This is fully occupied building with long term tenants; each unit size features 2 bedrooms and 1 full bath; radiant heat is provided throughout the building and new backup boiler is onsite ready to be installed. Other updates include a roof that was completed in 2016 and a parking lot that was repaved in 2014. Cosmetic upgrades...A prime turnkey investment opportunity is now available in Chicago Ridge. Longtime owner is consolidating his real estate portfolio and offering this 6 unit building up for sale. This is fully occupied building with long term tenants; each unit size features 2 bedrooms and 1 full bath; radiant heat is provided throughout the building and new backup boiler is onsite ready to be installed. Other updates include a roof that was completed in 2016 and a parking lot that was repaved in 2014. Cosmetic upgrades do portray epoxy stairs in front of the building and a prestige landscaping. Each of the 6 units has an additional storage unit located inside the lower levels of the building. Current rental rates are below market; hence additional profits are readily attainable. Potential 8 unit conversion dependent on City Approval to transform additional storage to apartments.
  1. Listed by Daniel Styrczula • Boutique Home Realty
    P: (630)-923-9283 C: (630)-923-9283 styrczuladaniel@gmail.com; daniel@boutiquehomerealty.com

Sold By Fathom Realty IL

Property Details for 5731 106th Street

Area
Chicago Ridge
Num Of Parking Spaces
12.0
Air Conditioning Type
Window Unit(s)
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING CLOSED: 06/23/2022 12:00 AM

Property Details for 5731 106th Street

StatusClosed
MLS #11414940
Days on Market4
Taxes$16,929 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1978
Lot Size0.26 AC / 11,520 SF
CountyCook County
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Building Information for 5731 106th Street

Stories3Residences6Year Built1978Building Size-Lot Size0.26 AC / 11,520 SF

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Property Information for 5731 106th Street

General Information
Addtl Parking Information
  • Indoor Parking: Detached
  • Outdoor Parking: Paved
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • # Of Washers: 2
  • Basement Description: Unfinished
  • Heat/Ventilation: Radiators
  • # Of Window/Ac: 12
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 2
  • # Of Disposals: 0
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Balcony/ies
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
  • Lot Dimensions: 90X128
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Lot Size Source: Listing Agent
  • # Of Ranges: 6
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2022-05-25T17:39:40
  • Photos Count: 25
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $49.00
  • Fuel Expense: $300.00
  • Gross Income: $64,800.00
  • Gross Scheduled Income: $64,800.00
  • Insurance Expense: $2,000.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 5400
  • Water Expense Source: Actual
  • Net Operating Income: $40,000.00
  • Operating Expense: $8,916.00
  • Other Expense: $.00
  • Trash Expense: $60.00
  • Water Sewer Expense: $333.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5731 106th Street

DateEvent & SourcePriceAppreciation
Jun 23, 2022

Sold

MRED #11414940

$650,000
May 28, 2022

Pending

MRED #11414940

May 25, 2022

Listed (Active)

MRED #11414940

$674,999
DateEvent & SourcePrice
06/23/2022

Sold

MRED #11414940

$650,000
05/28/2022

Pending

MRED #11414940

05/25/2022

Listed (Active)

MRED #11414940

$674,999

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5731 106th Street

This home is within Chsd 218 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ridge Lawn Elementary School
PublicPK to 5

Elden D Finley Jr High School
Public6 to 8

H L Richards High Sch(Campus)
Public9 to 12

Delta Learning Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Boutique Home Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/23/2022 04:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.