2 North 5th Avenue

Maywood, IL 60153

$290,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 2 North 5th Avenue

StatusActive
MLS #10457415
Year Built1933
DOM99
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Lot Size-
Taxes$24,800.4 / year
Condo/Co-op Fees-
HOA Fees-
CountyCook County

Listing Agent

Francisco Perez

Coldwell Banker Residential Brokerage

francisco.perez@cbexchange.com

P: (312) 860-5334

Contact Agent(s)

Property Details for 2 North 5th Avenue

Area
Maywood

Description

Corner Downtown Maywood location building with approx. 9,686 sq ft. with 4,800 sq. ft. of open concept storefronts between 2 storefront addresses. Currently, the storefront is being used as an appliance store. Property features a basement with 10-ft ceilings. At the rear of the first level, there is a small church group as a tenant. 2nd level features 8 apartments. Most units are in need of updating and repairs. Annual gross market rental income could be $141,080 with all units rented at market rent.... As-is, the cap rate would be 9.43%. The sky really is the limit and is very attractive for any investor wanting to make a great return. Township parking and Metra station across the street. Building next door - 8 N 5th Ave - also for sale boasts 7,620 sq. ft.

Location

Listing Courtesy of Coldwell Banker Residential Brokerage; Coldwell Banker Residential Brokerage

Building Information for 2 North 5th Avenue

Stories-Residences-Year Built1933Building Size-Lot Size-

Payment Calculator

$3,110 per month

30 year fixed, 3.51% Interest

Principal and Interest

$1,043

Property Taxes

$2,067

HOA Dues

$0

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Property Information for 2 North 5th Avenue

Interior Features
    Basement Information
  • Basement Description: Unfinished
Property/Lot Information
    General Information
  • Property Type: Multi Family 5+
  • Type Multi 2 4: Other
    Structure Information
  • Exterior Building Type: Brick, Stone
  • Num Of Units: 11
  • Approx Total Bldg Sq Ft: 9686
  • Approx Year Built: 1933
  • Approximate Age: Older
  • Built Before 1978: Yes
  • Lot Sq Ft: 5412
  • Owners Association?: No
  • Roof Coverings: Rubber
  • Roof Structure: Flat
    Location Information
  • Directions: Lake Street to 5th Ave., South to property
  • Township: Proviso
    Lot Information
  • Foundation: Concrete
  • Lot Dimensions: 51X127X29X125
  • Zoning Type: COMMR
Lot/Land Information
    Lot/Land Information
  • Construction: Brick, Stone
  • Current Use: Other
  • Frontage Access: City Street
  • Location: Central Business District, Corner, Public Transport Avail
  • Ownership Type: Corporation
  • Potential Use: Commercial, Residential-Multi-Family, Retail, Other
  • Seller Needs: Out of Management
  • Tenant Pays: Electric, Heat
Multi-Unit 5+ Information
    Building Features
  • Num Of Ranges: 4
  • Num Of Refrigs: 4
  • Heat Ventilation: Forced Air, Gas
  • Misc Outside: Fire Escape, Security Gate
    Unit 1 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 1
  • Num Of Units: 2
  • Monthly Income: 0
  • Monthly Income Max: $0
    Unit 2 Information
  • Num Of Bdrms: 0
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 2
  • Num Of Units: 3
  • Monthly Income: 0
  • Monthly Income Max: $0
    Unit 3 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 3
  • Num Of Units: 4
  • Monthly Income: 650
  • Monthly Income Max: $700
    Unit 4 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 4
  • Num Of Units: 1
  • Monthly Income: 800
  • Monthly Income Max: $800
    Income / Expense Information
  • Num Of Bdrms: 0
  • Cap Rate Percent: 0
  • Num Of Rooms: 4
  • Num Of Units: 1
  • Monthly Income: 690
  • Expense Year: 2018
  • Fuel Expense: 3000
  • Fuel Expense Source: Actual
  • Gross Rent Multiplier: 6
  • Gross Rental Income: 44880
  • Insurance Expense Source: Actual
  • Janitor Expense Source: Actual
  • Manager Expense: 0
  • Net Operating Income: 1280
  • Net Operating Income Year: 2018
  • Other Expense Source: Actual
  • Other Expenses: 0
  • Repairs Decor Expense: 2000
  • Repairs Decor Expense Source: Actual
  • Scavenger Expense: 1200
  • Scavenger Expense Source: Actual
  • Total Annual Expenses: 43600
  • Total Annual Income: 44880
  • Total Monthly Income: 3740
  • Water Expense: 3600
  • Water Expense Source: Actual
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0

Property History for 2 North 5th Avenue

DateEvent & SourcePriceAppreciation
Aug 5, 2019Listed (Active)

MRED #10457415

$290,000
May 30, 2019Cancelled

MRED #10331444

Apr 4, 2019Listed (Active)

MRED #10331444

$300,000
DateEvent & SourcePrice
08/05/2019
Listed (Active)

MRED #10457415

$290,000
05/30/2019
Cancelled

MRED #10331444

04/04/2019
Listed (Active)

MRED #10331444

$300,000

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

Schools near 2 North 5th Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
St Paul Lutheran SchoolPrivatePK-80.4 mi
NR
Walther Christian AcademyPrivate9-120.4 mi
NR
Lincoln Elementary SchoolPublicPK-80.4 mi
4
Washington Dual Language AcademyPublicPK-50.6 mi
8

St Paul Lutheran School

PK-8, 0.4 mi, Private

NR

Walther Christian Academy

9-12, 0.4 mi, Private

NR

Lincoln Elementary School

PK-8, 0.4 mi, Public

4

Washington Dual Language Academy

PK-5, 0.6 mi, Public

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.

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2 North 5th Avenue is a multi-family home for sale in Maywood, IL 60153. This property was listed for sale on August 5, 2019 by Coldwell Banker Residential Brokerage at $290,000. Nearby schools include St Paul Lutheran School, Sacred Heart School and Lincoln Elementary School. 2 North 5th Avenue is a 0-bed, 0-bath, multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Coldwell Banker Residential Brokerage; Coldwell Banker Residential Brokerage
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