4919 West Adams Street

Chicago, IL 60644

$630,000
Last Sold Price
18
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 4919 W. Adams St., a fantastic opportunity for savvy investors looking to add a profitable asset to their portfolio. This remarkable 6-unit brick building, occupied with CHA tenants, offers an exceptional investment in a prime location. Each of the six units boasts an impressive layout featuring 3 bedrooms and 2 bathrooms, providing ample space for residents to enjoy. The entire building has undergone a meticulous gut rehab, carried out with approved plans and permits, ensuring top-notch...Welcome to 4919 W. Adams St., a fantastic opportunity for savvy investors looking to add a profitable asset to their portfolio. This remarkable 6-unit brick building, occupied with CHA tenants, offers an exceptional investment in a prime location. Each of the six units boasts an impressive layout featuring 3 bedrooms and 2 bathrooms, providing ample space for residents to enjoy. The entire building has undergone a meticulous gut rehab, carried out with approved plans and permits, ensuring top-notch quality and compliance with regulations. One of the standout features of this property is that all units have separate utilities and gas forced air, promoting convenience and efficiency for both the tenants and the owner. This thoughtful design allows for seamless management and easy maintenance. Speaking of management, the existing property management team is ready to support the new buyer, offering their expertise to oversee the day-to-day operations of the building. This commitment ensures a smooth transition process, allowing you to focus on maximizing your investment. Not only is this property well-managed, but it also benefits from low real estate taxes, contributing to its impressive potential for long-term profitability. With a cap rate of 11%, this investment property offers an attractive return on investment, making it an excellent addition to any portfolio. Situated on a desirable block in a great location, this building is surrounded by amenities, including shopping, dining, parks, and more. Its prime position ensures strong demand from tenants, further solidifying its investment value. Don't miss out on this incredible opportunity to acquire an occupied 6-unit brick building with CHA tenants, complete with a gut rehab, separate utilities, an experienced property management team, and low real estate taxes. With its exceptional cap rate of 11%, this property is a must-see for astute investors. Schedule your private showing today and secure your future in real estate.
  1. Listed by Sagar Shah • YBRS Realty Inc.

Sold By McSully Properties LLC

Property Details for 4919 West Adams Street

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

Location

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LISTING UPDATED: 09/20/2023 10:58 AM

Property Details for 4919 West Adams Street

StatusClosed
MLS #11788717
Days on Market121
Taxes$3,778 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1926
Lot Size0.17 AC / 7,500 SF
CountyCook County

Location

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Building Information for 4919 West Adams Street

Stories-Residences6Year Built1926Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$3,753 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,438

Property Taxes

$315

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4919 West Adams Street

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 60X125
  • Stories: 3
  • Exterior Building Type: Brick
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2023-05-21T20:47:47
  • Photos Count: 23
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: $107,628.00
  • Gross Scheduled Income: $102,246.00
  • Insurance Expense: $2,500.00
  • Maintenance Expense: $7,200.00
  • Janitor Expense: 0
  • Total Monthly Income: 8969
  • Net Operating Income: $85,168.00
  • Operating Expense: $17,078.00
  • Other Expense: $.00
  • Trash Expense: $1,560.00
  • Water Sewer Expense: $1,800.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • 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 4919 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 4919 West Adams Street

Taxable ValueLand$4,848Additions$22,182Total$27,030
Tax Record2018$5,339 ($445 / month)
Home Facts
Baths12Total Finished SqFt8,796 SqFtAbove Grade Finished SqFt8,796 SqFtStories3Lot Size5,704 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN16162080050000

Schools near 4919 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 - 9 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

Clark Academy Prep Magnet High School
Public9 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.