5627 North Glenwood Avenue

Chicago, IL 60660

$935,000
Last Sold Price
7
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Come check out this Edgewater 4-flat located just a few blocks away from Lake Michigan! The property contains (2) 2br/1ba, (2) large 1br/1ba, & (1) 1br/1ba garden unit. Garden unit is currently paying $1,175/mo and that income is included in gross rental income. Owner nor broker represent the legality of the garden unit. Property is located in the North ADU Zone, allowing a new owner to legalize 5th unit and potentially add a sixth unit. (3) car parking garage in the rear as well as a backyard for...Come check out this Edgewater 4-flat located just a few blocks away from Lake Michigan! The property contains (2) 2br/1ba, (2) large 1br/1ba, & (1) 1br/1ba garden unit. Garden unit is currently paying $1,175/mo and that income is included in gross rental income. Owner nor broker represent the legality of the garden unit. Property is located in the North ADU Zone, allowing a new owner to legalize 5th unit and potentially add a sixth unit. (3) car parking garage in the rear as well as a backyard for the entire building. This is a perfect owner-user play or great for an investor to come rehab the units and capitalize on higher market rents!
  1. Listed by John Preston • Horvath & Tremblay IL, LLC

Sold By Jameson Sotheby's Intl Realty

Property Details for 5627 North Glenwood Avenue

Area
CHI - Edgewater
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Cars
3.0
Heat/Fuel
Natural Gas, Radiator(s)

Location

Add your commute
LISTING UPDATED: 05/14/2023 06:17 PM

Property Details for 5627 North Glenwood Avenue

StatusClosed
MLS #11742040
Days on Market52
Taxes$15,484 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1913
Lot Size0.12 AC / 5,250 SF
CountyCook County

Building

5627 N Glenwood Ave

2 StoriesBuilt in 1913

Location

Add your commute

Building Information for 5627 North Glenwood Avenue

Stories2Residences-Year Built1913Building Size-Lot Size0.12 AC / 5,250 SF

Payment Calculator

$6,393 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,103

Property Taxes

$1,290

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5627 North Glenwood Avenue

General Information
School Information
  • Elementary School District: 130
  • High School District: 130
  • Middle Or Junior School District: 130
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 21
  • Bedrooms (Below Grade): 0
  • Basement Type: Partial
  • Bedrooms Possible: 7
  • Basement Description: Partially Finished
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2000
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 35X150
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Flat
  • General Information: School Bus Service
  • North Coordinate: 5600
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1300
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-03-21T19:51:45
  • Photos Count: 13
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $4,416.00
  • Gross Income: $100,740.00
  • Insurance Expense: $4,020.00
  • Maintenance Expense: $2,000.00
  • Manager Expense: $.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry,Garage/s,Parking Space/s,Other
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Water Expense Source: Owner Projection
  • Net Operating Income: $69,146.00
  • Professional Management Expense: $500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,052.00
  • Other Expenses $: 3022
Unit 1
  • Unit Type Actual Rent: $1,760.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 8/23
Unit 2
  • Unit Type Actual Rent: $1,850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 9/23
Unit 3
  • Unit Type Actual Rent: $1,380.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 8/23
Unit 4
  • Unit Type Actual Rent: $1,470.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 3/24

Property History for 5627 North Glenwood 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 5627 North Glenwood Avenue

Taxable ValueLand$39,992Additions$37,008Total$77,000
Tax Record2022$15,838 ($1,320 / month)
Home Facts
Baths3Total Finished SqFt3,892 SqFtAbove Grade Finished SqFt3,892 SqFtStories2Lot Size4,999 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyCOOKAPN14-05-327-020

Schools near 5627 North Glenwood 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 - PK to 8
Public - K to 8
Rating
School
Distance
Peirce Elementary Intl Studies School
PublicPK to 8

Senn High School
Public9 to 12

Passages Elementary Charter School
CharterPK to 8

Stone Elementary Scholastic Academy
PublicK 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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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 Horvath & Tremblay IL, LLC

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.