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Samuel Stella

sam@stellarresultsrealty.com +1(224) 426-4652

$ 600,000

Est. payment -/mo

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Active

5033 W Washington BLVD Chicago, IL 60644

10 Beds

3 Baths

4,356 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 12316938

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

Listed by Peter Drossos • Peter Drossos Real Estate

Samuel Stella

Designated Managing Broker / Owner | License ID: 471.021016

+1(224) 426-4652

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Samuel Stella

5033 W Washington BLVD Chicago, IL 60644

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5033 W Washington BLVD