$1,595,995
5402 W MELROSE Street
Chicago, IL, 60641
PRIME INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF THE BELMONT-CRAGIN NEIGHBORHOOD THIS PROMINENT YELLOW BRICK CORNER BUILDING FEATURES TWELVE (12) SPACIOUS UNITS CONSISTING OF FOUR (4) 2BD/1BA AND EIGHT (8) 1BD/1BA APARTMENTS. THIS PROPERTY OFFERS AN ARRAY OF AMENITIES, INCLUDING OVERSIZED RESIDENT STORAGE UNITS, AN ON-SITE LAUNDRY FACILITY, A BACK COURTYARD AND A 2-CAR DETACHED GARAGE. THE BUILDING IS EQUIPPED WITH OWNER PROVIDED GAS STEAM BOILER HEAT AND HOT WATER WHILE THE RESIDENTS ARE RESPONSIBLE FOR THEIR COOKING GAS AND ELECTRIC UTILITIES. THIS RARE OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW AND LONG-TERM GROWTH IN ONE OF CHICAGO’S ESTABLISHED RESIDENTIAL AREAS. PROPERTY HIGHLIGHTS: -OVERSIZED RESIDENT STORAGE UNITS – BUILDING OWNED LAUNDRY FACILITY – (2) CAR DETACHED PARKING GARAGE
Property Details
Price:
$1,595,995
MLS #:
MRD12201366
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
5402 W MELROSE Street
Type:
Commercial
Neighborhood:
CHI – Portage Park
City:
Chicago
Listed Date:
Nov 1, 2024
State:
IL
ZIP:
60641
Year Built:
1929
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$19,774
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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5402 W MELROSE Street
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