5260 West Adams Street

Chicago, IL 60644

$735,000
Price
22
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rent Roll Available in Additional Info Rent amount is great now, but can be higher (CHA allows landlords to apply for higher rent). Come check out this Investor-friendly multi-family unit building with 7 units for sale. The building consists of six spacious and bright 3 bed 1 bath units & one 4 bed 1 bath unit with generous living square footage and ample closet space. Current occupancy rate of 100% of the capacity making it a secure investment of your hard earned money. Each unit has its own water...Rent Roll Available in Additional Info Rent amount is great now, but can be higher (CHA allows landlords to apply for higher rent). Come check out this Investor-friendly multi-family unit building with 7 units for sale. The building consists of six spacious and bright 3 bed 1 bath units & one 4 bed 1 bath unit with generous living square footage and ample closet space. Current occupancy rate of 100% of the capacity making it a secure investment of your hard earned money. Each unit has its own water heater and furnace, all up to date and working well. The occupied units are with CHA tenants, except for one (non-CHA tenants have been living in the building for 20+ years) ensuring consistent cash flow every month. Gross income - $9651 NET operating income: $4700/month! This is a brick building on the outside with a detached 2-car garage and several remodeled units on the inside featuring recently restored and varnished hardwood floors in four of the units, life-proof, waterproof laminate flooring throughout the rest, freshly painted and move-in ready. One apartment in original condition because tenants have been living there for 20+ years. The roof of both the building and the garage have also been restored in August, 2023 (before and after photos available upon request).
  1. Listed by Zhulieta Pancheva • Core Realty & Investments Inc.

Property Details for 5260 West Adams Street

Area
CHI - Austin

Location

Listing Courtesy of Core Realty & Investments Inc.
Add your commute
LISTING UPDATED: 05/01/2024 01:14 PM

Property Details for 5260 West Adams Street

StatusActive
MLS #12023061
Days on Market24
Taxes$11,106 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1917
Lot Size0.14 AC / 6,200 SF
CountyCook County

Location

Listing Courtesy of Core Realty & Investments Inc.
Add your commute

Building Information for 5260 West Adams Street

Stories-Residences7Year Built1917Building Size-Lot Size0.14 AC / 6,200 SF

Payment Calculator

$4,937 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,011

Property Taxes

$926

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5260 West Adams Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 2.0
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Electric
  • # Of Refrigerators: 7
  • Num of Baths: 7.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50/125
  • Lot Size Square Feet: 6200.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Conversion: N
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2024-04-08T13:46:10
  • Photos Count: 9
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $.00
  • Gross Income: $115,812.00
  • Gross Scheduled Income: $115,812.00
  • Insurance Expense: $.00
  • Maintenance Expense: $2,000.00
  • Janitor Expense: 0
  • Total Monthly Income: 9651
  • Net Operating Income: $56,400.00
  • Operating Expense: $60,724.00
  • Other Expense: $.00
  • Trash Expense: $2,700.00
  • Water Sewer Expense: $3,600.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
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 5260 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 5260 West Adams Street

Taxable ValueLand$8,060Additions$19,941Total$28,001
Tax Record2018$5,531 ($461 / month)
Home Facts
Baths6Total Finished SqFt8,790 SqFtAbove Grade Finished SqFt8,790 SqFtStories3Lot Size6,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1916CountyCOOKAPN16161050170000

Schools near 5260 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
Charter - K to 8
Rating
School
Distance
Depriest Elementary School
PublicPK to 8

Austin College and Career Acad High School
Public9 to 12

Clark Academy Prep Magnet High School
Public9 to 12

Catalyst Circle Rock Elementary School
CharterK 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.

Similar Homes

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5260 West Adams Street is a multi-family home for sale in Chicago, IL 60644. This property was listed for sale on April 7, 2024 by Core Realty & Investments Inc., it's currently listed at $735,000. It has been on the market for a total of 24 days and was last sold on May 15, 2014. This listing's school district is City Of Chicago School District 299. Nearby schools include Depriest Elementary School, Austin College and Career Acad High School and Clark Academy Prep Magnet High School. 5260 West Adams Street is a 22-bed, 7-bath, multi-family home built in 1917.

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 Core Realty & Investments 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.