5542 West Bryn Mawr Avenue

Chicago, IL 60646

$861,000
Last Sold Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

No more showings. Seven very strong offers received. Best and final due tuesday (5/31/2022). We are comparing all of the offers this evening and will have a decision tomorrow (weds). Thank you for your patience. Five 2BR/1BA Unit plus one 1BR/1BA unit multi-family building in the vibrant Jefferson Park neighborhood has been meticulously maintained for over 35 years with one owner. Five of the units has two large bedrooms, a large living space, and eat-in kitchen. The 1BR/1BA in-law unit is spacious...No more showings. Seven very strong offers received. Best and final due tuesday (5/31/2022). We are comparing all of the offers this evening and will have a decision tomorrow (weds). Thank you for your patience. Five 2BR/1BA Unit plus one 1BR/1BA unit multi-family building in the vibrant Jefferson Park neighborhood has been meticulously maintained for over 35 years with one owner. Five of the units has two large bedrooms, a large living space, and eat-in kitchen. The 1BR/1BA in-law unit is spacious as well with a full eat-in kitchen. All five of the 2BR units have gorgeous hardwood floors in the living room and bedrooms hiding under the carpeting! The building is in great shape and you could make cosmetic updates to further maximize rent. The building has 5 outdoor parking spaces. Coin laundry in the building. All units have private storage closets. The five 2BR units pay for their own electricity, cooking gas and HEAT. Each unit has their own boiler. The building has very long term tenants (some 20 to 30+ years) with under market rents but even so, it provides a strong income stream and has a 7% Cap rate (setting the rental units to market rate will push this much higher). This beautiful, very quiet, well-maintained multifamily building is in a great location with easy access to public transportation, expressways and all that Jefferson Park has to offer. Close to Target, Mariano's, Chase, etc. This building is a low maintenance cash cow. Please see 5542 W Bryn Mawr Building Expenses for 2021, Rent Roll and Disclosures under Additional Docs Tab.
  1. Listed by Brian Reid • BF Realty, Inc

Sold By Century 21 Affiliated

Property Details for 5542 West Bryn Mawr Avenue

Area
CHI - Jefferson Park
Township
Jefferson
Num Of Parking Spaces
5.0

Location

Add your commute
LISTING UPDATED: 08/20/2022 03:01 AM

Property Details for 5542 West Bryn Mawr Avenue

StatusClosed
MLS #11418220
Days on Market81
Taxes$11,909 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1972
Lot Size-
CountyCook County

Location

Add your commute

Building Information for 5542 West Bryn Mawr Avenue

Stories-Residences6Year Built1972Building Size-Lot Size-

Payment Calculator

$5,691 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,699

Property Taxes

$992

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5542 West Bryn Mawr Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • # Of Washers: 1
  • Heat/Ventilation: Gas,Steam,Baseboard,Separate Per Unit,Individual Furnaces
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Dishwashers: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: PER SURVEY
  • Stories: 3
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2022-05-31T12:23:17
  • Photos Count: 39
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 05-28-2022
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $613.00
  • Fuel Expense: $1,797.00
  • Gross Income: $82,200.00
  • Gross Scheduled Income: $82,200.00
  • Insurance Expense: $3,697.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2021
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2021
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 6850
  • Water Expense Source: Actual
  • Net Operating Income: $62,200.00
  • Operating Expense: $24,000.00
  • Other Expense: $1,779.00
  • Trash Expense: $2,097.00
  • Water Sewer Expense: $1,795.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
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 5542 West Bryn Mawr Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5542 West Bryn Mawr Avenue

Taxable ValueLand$9,980Additions$45,020Total$55,000
Tax Record2022$11,319 ($943 / month)
Home Facts
Baths6Total Finished SqFt6,058 SqFtAbove Grade Finished SqFt6,058 SqFtStories3Lot Size4,990 SqFtStyleMulti-Family Res (5+ Units)Year Built1972CountyCOOKAPN13-04-309-045

Schools near 5542 West Bryn Mawr Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - PK to 3
Public - 9 to 12
Rating
School
Distance
Farnsworth Elementary School
PublicPK to 8

Taft High School
Public7 to 12

Beard Elementary School
PublicPK to 3

Vaughn Occupational 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.

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 BF 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.