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Listed by Matthew Mikaof Compass
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Est. payment /mo
New
5445 N MAGNET AVE Chicago, IL 60630
6 Beds
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12677202
Style Colonial
Bedrooms 6
Year Built 1921
Annual Tax Amount $8,240
Tax Year 2024
Lot Size 3,484 Sqft
Lot Dimensions 30 X 125
Property Sub-Type Two to Four Units
Property Description
Updated 2 flat with extra basement non-conforming apartment. All electric, plumbing and HVAC were updated approximately 8 years ago along with some kitchens and bathrooms. Nice size apartments first and second floors have 2 bedrooms. Extra tandem bedroom on 1st floor. Basement is 4 room 2 bedrooms. Nice yard and a 2 car garage. Rents: Non-conforming garden $1250. Includes all utilities. 1st floor: $1800. 1st floor pays utilities and receives a $100. credit for basement utilities so they pay $1700. net rent. 2nd floor: $1595. They pay their own utilities. Garage $300. Rented to someone not living in property Mo. to Mo. Total income $4845. a month $58140 gross yearly less $12444. expenses or $45696. Net income or 7.74% return!! Great investment.
Location
State IL
County Cook
Community Sidewalks
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air, Space Heater
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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