Last Sold Price
4 beds
5823 N Ridge Ave, Chicago, IL 60660

Description

Being sold at auction subject to min bid of just $180,000. 100% leased 6 unit brick building located in very high demand rental area just blocks from lake michigan,lsd & the shops on clark street. Multiple cta bus routes minutes away. Coin operated laundry machines and storage in basement. 12% cap rate! Auction is feb. 13 but may sell pre-auction. Submit your bid today. LAST ON SITE INSPECTION 1/30 (10 am to NOON)Being sold at auction subject to min bid of just $180,000. 100% leased 6 unit brick building located in very high demand rental area just blocks from lake michigan,lsd & the shops on clark street. Multiple cta bus routes minutes away. Coin operated laundry machines and storage in basement. 12% cap rate! Auction is feb. 13 but may sell pre-auction. Submit your bid today. LAST ON SITE INSPECTION 1/30 (10 am to NOON)
LISTING CLOSED: 02/11/2013 12:00 AM

  1. Listed by Diana • Auctions by ATG
    P: (312) 218-6102 diana.peterson@svn.com

Sold By Auctions by ATG

Property Details for 5823 North Ridge Avenue

Status
MLS #
08243696
Days on Market
31
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Corridor-Exterior Entrance
Year Built
1918
Lot Size
0.04 AC / 1,925 SF
Area
CHI - Edgewater
Township
LAKE VIEW
Air Conditioning Type
Window Unit(s)
Zoning
MULTI

Location

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Building Information for 5823 North Ridge Avenue

Stories3Residences6Year Built1918Building Size-Lot Size0.04 AC / 1,925 SF

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Property Information for 5823 North Ridge Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,Listing Agent Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 1
  • Basement Description: Unfinished
  • Heat/Ventilation: Radiant
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Enclosed Porch,Enclosed Stairs,Fire Escape,Security Gate
Utilities / Equipment
  • Utilities: Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
  • Lot Dimensions: 25X65, 30X22
  • Lot Size Square Feet: 1925.0
  • Stories: 3
  • Exterior Building Type: Brick, Concrete
  • Construction: Brick, Concrete
  • Building Area Total: 3840
Property and Assessments
  • Photos Count: 1
Miscellaneous
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
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: $360.00
  • Fuel Expense: $2,200.00
  • Gross Income: $46,560.00
  • Gross Scheduled Income: $46,860.00
  • Insurance Expense: $1,290.00
  • Maintenance Expense: $300.00
  • Electric Expense Source: Combination
  • Known Encumbrances: None Known
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Actual
  • Janitor Expense: 300
  • Net Operating Income Year: 2011
  • Repairs-Decor Expense Source: Broker Projection
  • Total Monthly Income: 3880
  • Water Expense Source: Combination
  • Net Operating Income: $31,275.00
  • Operating Expense: $15,585.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
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 5823 North Ridge Avenue

DateEvent & SourcePriceAppreciation
Feb 11, 2013

Sold

MRED #08243696

$210,000
Feb 5, 2013

Pending

MRED #08243696

Jan 6, 2013

Listed (Active)

MRED #08243696

$180,000
DateEvent & SourcePrice
02/11/2013

Sold

MRED #08243696

$210,000
02/05/2013

Pending

MRED #08243696

01/06/2013

Listed (Active)

MRED #08243696

$180,000

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

Schools near 5823 North Ridge Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - K to 8
Rating
School
Distance
Peirce Elementary Intl Studies School
PublicPK to 8

Senn High School
Public9 to 12

Passages Elementary Charter School
CharterK to 8

Stone Elementary Scholastic Academy
PublicK to 8

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.

Neighborhood Map and Transit

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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 Auctions by ATG

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 05/05/2021 04:36 AM. 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.