4828 West Adams Street

Chicago, IL 60644

$645,000
Last Sold Price
24
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic investment opportunity in the heart of the city. This brick 6-unit building is the epitome of a stable income source, making it an ideal choice for savvy investors. All occupied units are with CHA tenants, ensuring a consistent rental flow and providing a secure long-term investment. Step inside each unit to discover the timeless charm of hardwood floors that add a touch of elegance and durability to every room. The units are equipped with gas forced air heating, offering optimal comfort...Fantastic investment opportunity in the heart of the city. This brick 6-unit building is the epitome of a stable income source, making it an ideal choice for savvy investors. All occupied units are with CHA tenants, ensuring a consistent rental flow and providing a secure long-term investment. Step inside each unit to discover the timeless charm of hardwood floors that add a touch of elegance and durability to every room. The units are equipped with gas forced air heating, offering optimal comfort for the residents. With separate utilities, tenants have the convenience of controlling their own energy usage and expenses. This building has undergone an extensive gut rehab, meticulously executed with approved plans and permits, ensuring the highest quality craftsmanship throughout. All 6 units feature 4 spacious bedrooms, providing ample space for families and individuals alike. The well-appointed bathroom in each unit offers both style and functionality, catering to the tenants' needs. The seamless transition for the new buyer is made effortless with the current property manager's commitment to remain on board. With their in-depth knowledge of the building and its tenants, you can be assured of a smooth management experience from day one. Situated in a sought-after location, this property offers excellent access to local amenities, transportation options, and major employment centers. Whether it's the nearby schools, shopping centers, or recreational facilities, residents will have everything they need within reach. Don't miss this incredible opportunity to add a profitable asset to your investment portfolio. Schedule a showing today and envision the tremendous potential of this brick 6-unit building.
  1. Listed by Sagar Shah • YBRS Realty Inc.

Sold By McSully Properties LLC

Property Details for 4828 West Adams Street

Area
CHI - Austin
Township
West Chicago
Num Of Parking Spaces
4.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 09/20/2023 10:57 AM

Property Details for 4828 West Adams Street

StatusClosed
MLS #11788740
Days on Market121
Taxes$4,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1924
Lot Size0.13 AC / 5,704 SF
CountyCook County

Location

Add your commute

Building Information for 4828 West Adams Street

Stories-Residences6Year Built1924Building Size-Lot Size0.13 AC / 5,704 SF

Payment Calculator

$3,895 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,520

Property Taxes

$375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4828 West Adams Street

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Flats
  • Lot Dimensions: 46 X 124
  • Lot Size Square Feet: 5704.0
  • Stories: 3
  • Exterior Building Type: Brick
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2023-05-21T22:20:54
  • Photos Count: 22
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: $240.00
  • Fuel Expense: $.00
  • Gross Income: $112,140.00
  • Gross Scheduled Income: $106,533.00
  • Insurance Expense: $2,500.00
  • Maintenance Expense: $7,200.00
  • Janitor Expense: 0
  • Total Monthly Income: 9345
  • Net Operating Income: $89,033.00
  • Operating Expense: $17,500.00
  • Other Expense: $.00
  • Trash Expense: $1,560.00
  • Water Sewer Expense: $1,800.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • 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 4828 West Adams Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4828 West Adams Street

Taxable ValueLand$5,419Additions$37,081Total$42,500
Tax Record2022$8,741 ($728 / month)
Home Facts
Lot Size5,705 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN16-16-205-061

Schools near 4828 West Adams Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 12
Public - 9 to 11
Rating
School
Distance
Spencer Technology Acad Elementary School
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Camelot Safe Academy - Garfield Park
Public6 to 12

Bridgescape Academy North Lawndal
Public9 to 11

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.

Similar Homes

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Similar Sold Homes

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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of YBRS Realty Inc.

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. Based on information submitted to the MLS GRID as of 09/20/2023 10:57 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.