5033 W Washington BLVD new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60644
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12303178
Bedrooms 10
Year Built 1911
Annual Tax Amount $4,293
Tax Year 2023
Lot Size 4,356 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
How would you like to own this perfectly rehabbed 3-unit building for just $1,578 per month? It is very possible. It is also very simple. You can obtain an owner-occupied conventional loan with only a 5% down payment and then use the $3,140 rental income that this building generates to reduce your monthly mortgage payment. Your mortgage payment is about $4,718 per month with a 5% down payment (or $31,250) based on a $625,000 purchase; this payment of $4,718 per month includes property taxes, homeowner's insurance and mortgage insurance. This brings your payment to just $1,578 per month (or $4,718 minus $3,140). And, the better part? This building is practically brand new with City of Chicago plans and permits. There is nothing to fix. And, the best part? Notice all the new construction in the area! Simply stated, this property has two strategies. First, as outlined above, you can live in one unit and rent out the other two units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit are nearly identical except that the first floor unit has three bedrooms and the second floor unit has four bedrooms and a front balcony. Other than that, the first floor and the second floor share the same distinctive features. Both of these units feature large windows that light up to the living room and dining room area and both of these units are highlighted by tall ceilings, recessed lighting, a soft gray wall color, hardwood flooring, an in-unit washer and dryer, tastefully designed bathroom tile work and immaculate trim work. But wait. There is more. The kitchens are stunning with their light gray, shaker style kitchen cabinets, their stunning granite countertops and their stainless steel appliances. You will fall in love with both of these units! You will also love the garden unit! The garden unit features three bedrooms and a full bathroom; it also features a tall ceiling and a functional floor plan and, yet, another outstanding kitchen design. This awesome building is close to it all: schools, shopping, I-290 and transportation. It is a must see. It is a true armchair investment. A 10!
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Equipment CO Detectors,Ceiling Fan(s),Multiple Water Heaters,Security Cameras
Fireplace N
Exterior
Exterior Feature Balcony
Community Features Park,Tennis Court(s),Curbs,Sidewalks,Street Lights,Street Paved
Roof Type Rubber
Building
Lot Description Fenced Yard,Sidewalks,Streetlights,Wood Fence
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan,Public
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None