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5442 N Western Avenue

Chicago, IL 60625
  • $5,999,900
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 11897790
UPDATED: 38 min ago
$5,999,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2020
County:

School Ratings & Info

Description

Assumable fixed rate mortgage in place at 3.22%! Turn-Key fully leased 9-unit new construction elevator building with attached garage parking in bustling Lincoln Square/ Budlong Woods. This development features wide, unique individual floorplans. Units are expansive, with big open areas, loads of closet space, and large outdoor spaces. Enormous rooftop deck draped in porcelain tiles overlooking open green space. This is a fully leased high-end condo building grossing over 360K annually. This is an armchair investment. Total building square footage is 24,000, 18,000 sqft above grade, with exceptional finishes. 3 duplex downs around 3000 sqft, 4 bedrooms 3 baths with radiant heat on the lower level. 3 simplexes 1500-1900 sqft 2-3 bedrooms 2 bath and 3 duplex ups, 4 bedrooms 3 baths. Bike to the nearby North Branch Trail or walk to all Lincoln Square has to offer along with the Half Acre Brewing Company and the West Ridge Nature Preserve with green space, paved trails, and a pond.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-11T07:04:51.4 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5442 N Western Avenue Chicago, IL 60625

  • Price: $5,999,900
  • Status: Active
  • On Site: 71 Days
  • Updated: 38 min ago
  • MLS #: 11897790
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2020
Built
Neighborhood:
Chi - Lincoln Square
County:
Cook
Area:
Chi - Lincoln Square
Property Description
Assumable fixed rate mortgage in place at 3.22%! Turn-Key fully leased 9-unit new construction elevator building with attached garage parking in bustling Lincoln Square/ Budlong Woods. This development features wide, unique individual floorplans. Units are expansive, with big open areas, loads of closet space, and large outdoor spaces. Enormous rooftop deck draped in porcelain tiles overlooking open green space. This is a fully leased high-end condo building grossing over 360K annually. This is an armchair investment. Total building square footage is 24,000, 18,000 sqft above grade, with exceptional finishes. 3 duplex downs around 3000 sqft, 4 bedrooms 3 baths with radiant heat on the lower level. 3 simplexes 1500-1900 sqft 2-3 bedrooms 2 bath and 3 duplex ups, 4 bedrooms 3 baths. Bike to the nearby North Branch Trail or walk to all Lincoln Square has to offer along with the Half Acre Brewing Company and the West Ridge Nature Preserve with green space, paved trails, and a pond.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking Other Parking Total 9 Roof Other Roof Structure Flat

Interior Features

Basement FinishedSleeping AreaStorage Space Cooling Central Air Fireplaces Total 10 Heat Ventilation Forced AirGasSeparate Per UnitRadiant Miscellaneous Inside Elevator/s PassengerInside Corridor/sStorage Inside Number Of Dishwashers 9 Number Of Dryers 9 Number Of Ranges 9 Number Of Washers 9

Property Features

Additional Parcels YN No Approximate Age New Construction Built Before1978 YN No Current Use Multi-Family Electric Circuit BreakersSeparate Meters Gross Income 381000 Gross Scheduled Income 381000 Insurance Expense 3800 Location Central Business District Maintenance Expense 0 Mls Actual Status Active Net Operating Income 305900 Operating Expense 75100 Ownership Types Corporation Possible Use Condominium Tax Annual Amount 58213 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 31750 Township Jefferson Type Multi Family 5+ Zoning MULTI

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Dream Town Real Estate: 773-250-0400.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-11T07:04:51.4 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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