501-505 W 60 Place
Chicago, IL, 60621
$399,000
Beds
0 Baths
0 SqFt
0 Acres
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$399,000
501-505 W 60 Place
Chicago, IL, 60621
MLS #MRD12386860 img 0MLS #MRD12386860 img 1MLS #MRD12386860 img 2MLS #MRD12386860 img 3MLS #MRD12386860 img 4MLS #MRD12386860 img 5
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
Net Operating Income
$44,458
Tax Year
2023
Taxes
$7,066
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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
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