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    5029 S Racine Avenue

    Chicago, IL 60609
    • $275,000
    • STATUS: Active
    • ON SITE: 46 days
    • MLS #: 11114364
    Price Reduced
    UPDATED: 40 min ago
    $275,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:
    299

    Description

    Perfect investment opportunity with the gross income of $30,600 per year. Legal income producing 3 unit property. Brick building with full unfinished basement. Roof 2yrs old, security cameras, forced heat in all 3 units. 1st FL unit rent is below neighborhood average for 4 bedroom due to having great long term tenant. All units have high ceilings. Apt #2REAR recently updated with new bathroom tile, vanity, toilet & mirror. Kitchen has new cabinets, new flooring, New fridge, new stove. New ceiling fans in kitchen and bedrooms (pictures are from the rehab-it doesn't show the unit was re-painted). Huge fenced backyard for 3-4 cars. Newer water heater, tuck-pointing 5-6 years old, back wooden porch needs to be repainted, other 2 units could use some updates. Tenants are given free internet so that is the additional expense of $800. Coin washer and dryer in basement just need to do the plumbing for extra income. Clean from violations. Great building and self managed. PRIVATE SHOWINGS ONLY-Do not disturb tenants. **$3000 CLOSING COST CREDIT***Owner is license agent in the state of IL. *Sold AS *IS but solid building and great add to your investment portfolio.

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    © 2021 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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 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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    5029 S Racine Avenue Chicago, IL 60609

    • Price: $275,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 11114364
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Back Of The Yards
    County:
    Cook
    Area:
    Chi - New City
    School District:
    299
    Property Description
    Perfect investment opportunity with the gross income of $30,600 per year. Legal income producing 3 unit property. Brick building with full unfinished basement. Roof 2yrs old, security cameras, forced heat in all 3 units. 1st FL unit rent is below neighborhood average for 4 bedroom due to having great long term tenant. All units have high ceilings. Apt #2REAR recently updated with new bathroom tile, vanity, toilet & mirror. Kitchen has new cabinets, new flooring, New fridge, new stove. New ceiling fans in kitchen and bedrooms (pictures are from the rehab-it doesn't show the unit was re-painted). Huge fenced backyard for 3-4 cars. Newer water heater, tuck-pointing 5-6 years old, back wooden porch needs to be repainted, other 2 units could use some updates. Tenants are given free internet so that is the additional expense of $800. Coin washer and dryer in basement just need to do the plumbing for extra income. Clean from violations. Great building and self managed. PRIVATE SHOWINGS ONLY-Do not disturb tenants. **$3000 CLOSING COST CREDIT***Owner is license agent in the state of IL. *Sold AS *IS but solid building and great add to your investment portfolio.
    Exterior Features

    Architectural Style Brownstone Exterior Building Type Brick Exterior Features Porch Foundation Details Brick/MortarStone Is Parking Includedin Price Yes Number Of Cars 4 Parking Space/S Parking On Site Yes Parking Ownership Owned Parking Total 4 Roof Flat Unit1 Floor Level 1 Unit2 Floor Level 2 Unit3 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building No Appliances Features Unit1 StoveRefrigerator Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigerator Basement Full Basement Description Unfinished Bathrooms Total Integer 3 Bedrooms Below Grade 0 Bedrooms Possible 8 Full Baths In Building 3 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Heating Natural GasForced Air2+ Sep Heating SystemsIndv Controls Number Of Bedrooms Unit1 4 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Rooms Unit1 6 Number Of Rooms Unit2 3 Number Of Rooms Unit3 3 Rooms Total 12

    Property Features

    Additional Parcels YN No Age Description 100+ Years Built Before1978 YN Yes Community Features ParkSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information School Bus ServiceCommuter BusCommuter TrainInterstate Access Gross Income 30600 Insurance Expense 2000 Lease Exp Date Mo Yr Unit1 9/21 Lease Exp Date Mo Yr Unit2 Mtm Lease Exp Date Mo Yr Unit3 5/22 Lot Size Less Than .25 Acre Lot Size Dimensions Less Than .25 Net Operating Income 22330 New Construction YN No Other Expenses 800 Property Sub Type 3 Flat Rebuilt YN No Rehab Year 2013 Rehab YN Yes Security Deposit Unit1 0 Security Deposit Unit2 0 Security Deposit Unit3 0 Sewer Sewer-Storm Special Assessments N Special Listing Conditions List Broker Must Accompany Special Service Area N Tax Annual Amount 1801.6 Tax Year 2019 Tenant Pays Unit1 ElectricGas Tenant Pays Unit2 ElectricGas Tenant Pays Unit3 ElectricGas Total Rental Income 30600 Unit1 Rent 950 Unit2 Rent 700 Unit3 Rent 900 Water Sewer Expense 350 Water Source Lake Michigan Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Signature Realty Group Llc.


    © 2021 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 Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 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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    Hawthorn Woods IL, 60047