$399,000
501-505 W 60 Place
Chicago, IL, 60621
This is a money maker. All units rented. Gross income 87000. Expenses 42541. Final income $44,458. Yes, large cash on cash return. Great opportunity to buy $650,000 investment for $400,000. Five huge 3 bedroom, 2 bath updated condo units with in-unit laundry. 9 units in the association. Association dues are 202/ month. Tenants pay heat and electric. Association has all other expenses. All units have central Air Conditioning. Newer furnaces and AC units. Great condition. Each unit has deeded parking space. There is 6 deeded parking spaces with the units. Plenty of street parking as this is a corner building. 5 minutes to Interstate 94 to downtown. Open spacious land around for future development. Great little money maker. Owner needs to sell fast. He has priced this investment accordingly. Call listing agent for showings.
Property Details
Price:
$399,000
MLS #:
MRD12386860
Status:
Active
Beds:
0
Baths:
0
Address:
501-505 W 60 Place
Type:
Commercial
Neighborhood:
CHI – Englewood
City:
Chicago
Listed Date:
Jun 6, 2025
State:
IL
ZIP:
60621
Year Built:
1928
Schools
Interior
Cooling
Central Individual
Exterior
Financial
HOA Includes
Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Maintenance Fee
$5,000
Tax Year
2023
Taxes
$7,066
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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501-505 W 60 Place
Chicago, IL
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