5635 West Iowa Street

Chicago, IL 60651

$770,000
Last Sold Price
16
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this exceptional opportunity to own a charming brick 8-unit property situated on a highly desirable block. This well-maintained building boasts an impressive array of features that make it a solid 10% cap investment for any discerning buyer. Comprising a total of eight 2-bedroom and 1-bathroom units, this property offers spacious and comfortable living spaces for tenants. The units have been meticulously cared for, showcasing the pride and dedication of the current owner. The interiors...Welcome to this exceptional opportunity to own a charming brick 8-unit property situated on a highly desirable block. This well-maintained building boasts an impressive array of features that make it a solid 10% cap investment for any discerning buyer. Comprising a total of eight 2-bedroom and 1-bathroom units, this property offers spacious and comfortable living spaces for tenants. The units have been meticulously cared for, showcasing the pride and dedication of the current owner. The interiors feature beautiful hardwood floors throughout, creating a warm and inviting atmosphere. The gas forced air system ensures efficient heating, while the separate utilities provide convenience and ease of management. All occupied units are occupied by CHA tenants. This arrangement guarantees a consistent and reliable monthly income. The CHA program provides secure rental payments and a steady source of income for property owners. One of the standout features of this property is the dedicated and reliable management team that is willing to stay on board for the new owner. This continuity ensures a seamless transition and peace of mind for those looking to invest in this property. Situated on a great block, this property enjoys a convenient and sought-after location. Residents have easy access to amenities, including shopping centers, restaurants, parks, and public transportation options. The surrounding neighborhood is known for its vibrant community and friendly atmosphere. Don't miss out on this incredible opportunity to acquire a well-maintained 8-unit brick property with stable CHA tenants and a strong rental history. Whether you're an experienced investor or a first-time buyer, this property offers the perfect combination of stability and future prospects. Act quickly, as properties like this do not stay on the market for long. Schedule your showing today and seize the chance to own this fantastic investment property.
  1. Listed by Sagar Shah • YBRS Realty Inc.

Sold By RE/MAX 10

Property Details for 5635 West Iowa Street

Area
CHI - Austin
Township
West Chicago
Num Of Parking Spaces
0.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 11/15/2023 12:16 PM

Property Details for 5635 West Iowa Street

StatusClosed
MLS #11788199
Days on Market179
Taxes$9,338 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1915
Lot Size0.14 AC / 6,100 SF
CountyCook County

Location

Add your commute

Building Information for 5635 West Iowa Street

Stories-Residences8Year Built1915Building Size-Lot Size0.14 AC / 6,100 SF

Payment Calculator

$4,980 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,202

Property Taxes

$778

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5635 West Iowa Street

General Information
Addtl Parking Information
  • Outdoor Parking: None On Site
Location and General Information
  • Information: Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Num of Baths: 8.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50X130
  • Lot Size Square Feet: 6100.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Concrete
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2023-05-21T17:15:28
  • Photos Count: 13
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $240.00
  • Fuel Expense: $.00
  • Gross Income: $110,928.00
  • Gross Scheduled Income: $105,381.00
  • Insurance Expense: $2,500.00
  • Maintenance Expense: $9,600.00
  • Janitor Expense: 0
  • Total Monthly Income: 9244
  • Net Operating Income: $80,343.00
  • Operating Expense: $25,038.00
  • Other Expense: $.00
  • Trash Expense: $1,560.00
  • Water Sewer Expense: $1,800.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • 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 5635 West Iowa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5635 West Iowa 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 12
Rating
School
Distance
Austin College and Career Acad High School
Public9 to 12

Douglass Academy High School
Public9 to 12

Banner West 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.

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.