Sold
Last Sold Price
11 beds
5852 W Irving Park Rd, Chicago, IL 60634
Multi FamilyProperty Type
6,250 sq ftLot Size
1962Year Built
5 carsParking Spaces

Description

COMPLETELY REMODELED, 6-UNIT BRICK building provides a fully turn-key opportunity for your next investment. Currently operating at 6.8% CAP (8.6% Cash-on-Cash ROI). Annual income is $94,200 with a NOI of $68,007. NO work to do, just sit back and collect the rent. Building consists of: FIVE 2BR/1bth units and ONE 1BR/1bth unit (1 br unit is potentially non-conforming). All units are rented. All 6 apartments have been completely remodeled and feature new kitchens with shaker style cabinets, SS appliances...COMPLETELY REMODELED, 6-UNIT BRICK building provides a fully turn-key opportunity for your next investment. Currently operating at 6.8% CAP (8.6% Cash-on-Cash ROI). Annual income is $94,200 with a NOI of $68,007. NO work to do, just sit back and collect the rent. Building consists of: FIVE 2BR/1bth units and ONE 1BR/1bth unit (1 br unit is potentially non-conforming). All units are rented. All 6 apartments have been completely remodeled and feature new kitchens with shaker style cabinets, SS appliances including built-in microwaves & dishwashers, granite or quartz countertops, subway tiled baths, dark-stained hardwood floors, new lighting, new windows, the works - it's all been done. Properties with THIS MUCH work done almost never hit the market. Side entrance building in Chicago's Portage Park neighborhood. In addition to the remodeled units, the building has a very nice laundry room for extra income and one storage locker per unit. Common boiler provides hot-water base board heat with individual thermostats in each unit. Parking consists of 2 garage spaces and 3 outside spaces. NOTE: Interior pictures show 3 different units - please note they are all as nice as the ones in the pictures! Units are always in high demand and easily rentable... Truly a unique property, nothing else like it available. Don't miss this great investment opportunity.
  • Listed by: Ashley Carter 773.290.5200 info@cartergroupchicago.com • Keller Williams ONEChicago
  • Listed by: Frank Rodriguez 312.528.9080 frank@cartergroupchicago.com • Keller Williams ONEChicago
Listing closed: 11/18/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11215215

Recent comparable sales

Median sold price

$1,050,000

Avg days on market

36

Sale-to-list ratio

97.8%

Chicago, IL

9 comparable properties found

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Location

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Property Information for 5852 West Irving Park Road

Property Details
  • Taxes: $11,528 / year
  • MLS Type: Multi Family 5+ / Flats
  • County: Cook County
  • Area: CHI - Portage Park
  • Township: Jefferson
  • Air Conditioning Type: Wall Sleeve, Window Unit(s)
  • Num of Interior Fireplaces: 0
  • Zoning: MULTI
Building Information
  • Stories: 3
  • Residences: 6
  • Year Built: 1962
  • Lot Size: 0.14 AC / 6,250 SF
General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 2
  • Basement Description: Finished
  • Heat/Ventilation: Central Bldg Heat,Baseboard
  • # Of Window/Ac: 5
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 6
  • Num of Baths: 6.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats,Other
  • Lot Dimensions: 6250
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Gable
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5786
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2021-09-17T05:01:42
  • Photos Count: 36
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks,Cable Ready
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 09-10-2021
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,010.00
  • Fuel Expense: $3,970.00
  • Gross Income: $94,200.00
  • Gross Scheduled Income: $94,200.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2021
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2021
  • Trash Expense Source: Actual
  • Total Monthly Income: 7850
  • Water Expense Source: Actual
  • Net Operating Income: $68,007.00
  • Operating Expense: $26,193.00
  • Other Expense: $.00
  • Trash Expense: $2,344.00
  • Water Sewer Expense: $4,341.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • 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 5852 West Irving Park Road

DateEvent & SourcePriceAppreciation
Nov 18, 2021

Sold

MRED #11215215

$943,000
Oct 15, 2021

Contingent

MRED #11215215

Oct 15, 2021

Pending

MRED #11215215

DateEvent & SourcePrice
11/18/2021

Sold

MRED #11215215

$943,000
10/15/2021

Contingent

MRED #11215215

10/15/2021

Pending

MRED #11215215

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

Public Records for 5852 West Irving Park Road

Taxable ValueLand$21,875Additions$71,125Total$93,000
Tax Record2023$13,503 ($1,125 / month)
Home Facts
Baths6Total Finished SqFt5,786 SqFtAbove Grade Finished SqFt5,786 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyCOOKAPN13-17-423-040

Schools near 5852 West Irving Park Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Smyser Elementary School
PublicPK to 8

Taft High School
Public7 to 12

Rickover Naval Academy High School
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 Keller Williams ONEChicago

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 11/20/2021 02:01 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.