5310 W WAVELAND AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60641
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12124948
Bedrooms 8
Maintenance Fees $800
Year Built 1919
Annual Tax Amount $7,504
Tax Year 2022
Lot Dimensions 32 X 132
Property Description
MULTIPLE OFFERS RECEIVED! HIGHEST AND BEST OFFERS DUE BY 10/22/24 AT 6PM.. Come check out this Fantastic looking 3 Unit Multi-Family building situated on a Beautiful tree line Street in Portage Park. ((Legal 2 unit)) with a projected Cap Rate of close to 9%. The property is located just a 1/2 a block away from William P Gray Elementary School and Portage Park just a couple blocks away. The property sits on an extra wide lot 32x132. The property consists of the 1st floor (4) bedroom 1 bathroom unit with a full dining room/living room combo with projected rent at $2100 including the full garage, 2nd floor is a (2) bedroom 1 bathroom with projected rent at $1,600 and the non-conforming lower level is a (2) Bedroom 1 bathroom unit projected with $800 rent. (The projected Cap rate is currently 8.95% from the projected rents) The lower unit would be ideal for Extra rent or Extended Family. Currently in the basement there is a Washer and Dryer for the entire building to use and some good value add would be to replace that with a coin operated washer dryer. Newish Hot Water tanks (2017) that are on separate circuit breakers. The 1st floor has heat from the boiler and the second floor has gas forced air with a furnace that's located in the attic. And to complete the property, in the rear there's a Large Beautiful Backyard with a cute little patio and a two-car garage. UPDATES ARE AS FOLLOWS: 2023- 1st Floor Stove, Fridge & Microwave. 2022- Downspouts. 2021- Windows second floor only. 2019- Roof, Washer & Dryer & 2nd floor Fridge & Stove. 2017- Hot Water Tanks. 2016- Plumbing, some new copper. 2010- Furnace/Boiler. Tons of shopping near by, Parks & Recreation super close by and just a few min to the Highway. FYI: The Property is Back on the Market because the Buyers Financing fell through the day before the closing!
Location
State IL
County Cook
Area Chi - Portage Park
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas,Steam
Equipment Ceiling Fan(s),Multiple Water Heaters
Fireplace N
Exterior
Exterior Feature Patio,Porch,Storms/Screens
Parking Features Detached
Garage Spaces 2.5
Community Features Curbs,Sidewalks,Street Lights,Street Paved
Roof Type Asphalt
Building
Lot Description Sidewalks,Streetlights
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Elementary Schools Gray Elementary School
High Schools Schurz High School
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None