5710 Independence Avenue

Oak Forest, IL 60452

$585,500
Last Sold Price
51
Beds
26
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing 6 unit building, fully rented and completely rehabbed! This turn-key investment is ready for you! All units have new bathrooms, flooring, and paint. Five of the six units have new kitchens within the last five years! There are five 2 bedroom units and one 1 bedroom unit. Each unit comes with a refrigerator, stove, dishwasher, and one wall unit air conditioner. The roof, soffit, gutters, fascia, boiler, and balconies were all recently done as well! Schedule your private showing today!Amazing 6 unit building, fully rented and completely rehabbed! This turn-key investment is ready for you! All units have new bathrooms, flooring, and paint. Five of the six units have new kitchens within the last five years! There are five 2 bedroom units and one 1 bedroom unit. Each unit comes with a refrigerator, stove, dishwasher, and one wall unit air conditioner. The roof, soffit, gutters, fascia, boiler, and balconies were all recently done as well! Schedule your private showing today!
  1. Listed by Mary Derman • Keller Williams Preferred Rlty
  2. Listed by Brynn Misener • Keller Williams Preferred Rlty

Sold By Classic Realty Group, Inc.

Property Details for 5710 Independence Avenue

Area
Oak Forest
Township
Bremen
Num Of Parking Spaces
11.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 02/16/2023 04:23 PM

Property Details for 5710 Independence Avenue

StatusClosed
MLS #11679819
Days on Market78
Taxes$21,941 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1978
Lot Size0.23 AC / 10,150 SF
CountyCook County

Location

Add your commute

Building Information for 5710 Independence Avenue

Stories-Residences6Year Built1978Building Size-Lot Size0.23 AC / 10,150 SF

Payment Calculator

$5,024 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,195

Property Taxes

$1,828

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5710 Independence Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • # Of Washers: 1
  • Basement Description: None
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Baseboard
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 1
  • # Of Dishwashers: 6
  • Num of Baths: 26.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 70X145
  • Lot Size Square Feet: 10150.0
  • Stories: 3
  • Exterior Building Type: Vinyl Siding, Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: Alarm On Site
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 6106
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 3
  • Document Date: 2022-11-28T17:36:55
  • Photos Count: 25
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: 6
Income & Expenses
  • Electric Expense: $784.00
  • Fuel Expense: $2,661.00
  • Gross Income: $80,700.00
  • Gross Scheduled Income: $63,420.00
  • Insurance Expense: $4,340.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2019
  • Total Annual Expense Source: Actual
  • 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: 6200
  • Water Expense Source: Actual
  • Net Operating Income: $44,388.00
  • Operating Expense: $630.00
  • Other Expense: $1,500.00
  • Trash Expense: $851.00
  • Water Sewer Expense: $4,123.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • 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: 5
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 5
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 5
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 5
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5710 Independence 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 5710 Independence Avenue

Taxable ValueLand$4,060Additions$44,233Total$48,293
Tax Record2022$22,496 ($1,875 / month)
Home Facts
Baths6Total Finished SqFt6,106 SqFtAbove Grade Finished SqFt6,106 SqFtStories3Lot Size10,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountyCOOKAPN28-17-406-036

Schools near 5710 Independence Avenue

This home is within Arbor Park School District 145.
Rating
School
Type
Grades
Distance
Public - 1 to 2
Public - 3 to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Morton Gingerwood Elementary School
Public1 to 2

Scarlet Oak Elementary School
Public3 to 4

Arbor Park Middle School
Public5 to 8

Oak Forest 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Keller Williams Preferred Rlty

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.