$779,000
5001 W Grace Street
Chicago, IL, 60641
Ideal Portage Park 4 Flat brick investment property features four renovated two bedroom units. Tenants pay all their own utilities as there are separate boilers to heat each unit. Plus, as a bonus, there’s a grandfathered first floor unit, not yet renovated, with long-term (7+ years) tenants paying $950. New Windows, New Baths, New Kitchens – including cabinets, granite counters and Stainless Steel Appliances! All the light fixtures and ceiling fans are new, and the hardwood floors throughout have been refinished. Great location too! Sutherlands, Tata’s Tacos, Culvers and Binny’s Beverage Depot are just two blocks away on Irving Park Road, and Portage Park itself with all it has to offer (endless green space, dog park, tennis courts, Farmer’s Market, swimming pool, etc.) is just a short six block walk. Tenants can dine at additional restaurants on Irving Park Rd. or Milwaukee Ave very close by. They will really enjoy this neighborhood! One unit just vacated as the tenants bought their first home, so that unit is easy to show, and available for an owner-occupant if needed. Incredibly bright second/top floor home! Otherwise, it can be leased for $1,400-$1,500 in today’s market! Sit back and collect $72,300 annually, and watch it grow to $84,000 or more as tenants turn over!
Property Details
Price:
$779,000
MLS #:
MRD11966487
Status:
Active Under Contract
Beds:
10
Baths:
5
Address:
5001 W Grace Street
Type:
Multi Family
City:
Chicago
Listed Date:
Jan 26, 2024
State:
IL
ZIP:
60641
Year Built:
1912
Schools
School District:
299
Interior
Heating
Natural Gas, Steam, Sep Heating Systems – 2+, Indv Controls
Exterior
Architectural Style
Traditional
Community Features
Park, Pool, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved
Roof
Flat
Financial
Buyer Agent Compensation
2.5% – $395% of Net Sale Price
Tax Year
2021
Taxes
$11,066
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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5001 W Grace Street
Chicago, IL
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