5542 West North Avenue
5542 West North Avenue
$330,000
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Description
Investment opportunity -- 10.5% cap rate -- in North Austin provides reliable monthly income from two 3-bedroom apartments on Housing Choice Vouchers plus seller is operator of successful ground-level sandwich shop who would like a sale-leaseback. Separate HVAC setup, including individual central air. Tenants pay $1,600 each plus all utilities except water. Ground-level space rents for $1,000 but business and LLC that owns building is controlled by same person. Expenses do not include costs of restaurant...Investment opportunity -- 10.5% cap rate -- in North Austin provides reliable monthly income from two 3-bedroom apartments on Housing Choice Vouchers plus seller is operator of successful ground-level sandwich shop who would like a sale-leaseback. Separate HVAC setup, including individual central air. Tenants pay $1,600 each plus all utilities except water. Ground-level space rents for $1,000 but business and LLC that owns building is controlled by same person. Expenses do not include costs of restaurant operation as they are now paid by owner and would continue to be under sale-leaseback. Full basement. Frontage benefits from 23,100 cars per day per IDOT. Roof replaced two years ago. Brick building at less than $77 per sf! Building should produce 7.6% cash-on-cash return (based on 25% down, 8.5% interest, 25-year amortization).
- Listed by Mark Ruda • Coldwell Banker Realty
Property Details for 5542 West North Avenue
Area
CHI - Austin
ZoningCOMMR
Location
LISTING UPDATED: 04/17/2024 12:11 PM
Property Details for 5542 West North Avenue
Status | Active |
---|---|
MLS # | 11768236 |
Days on Market | 369 |
Taxes | $4,114 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1931 |
Lot Size | 0.07 AC / 3,125 SF |
County | Cook County |
Location
Building Information for 5542 West North Avenue
Stories-Residences3Year Built1931Lot Size0.07 AC / 3,125 SF
Payment Calculator
$2,144 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5542 West North Avenue
Property History for 5542 West North Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5542 West North Avenue
Taxable ValueLand$5,625Additions$41,327Total$46,952
Tax Record2022$9,657 ($805 / month)
Home Facts
Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtStories3Lot Size3,125 SqFtStyleStoresYear Built1928CountyCOOKAPN13-33-319-029
Schools near 5542 West North Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Young Elementary School PublicPK to 8 | ||
Foreman High School Public9 to 12 | ||
ITW David Speer Academy Charter9 to 12 | ||
Prosser Career Academy 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.
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