5402 W MELROSE Street
Chicago, IL, 60641
$1,668,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,668,000
5402 W MELROSE Street
Chicago, IL, 60641
MLS #MRD12201366 img 0MLS #MRD12201366 img 1MLS #MRD12201366 img 2MLS #MRD12201366 img 3MLS #MRD12201366 img 4MLS #MRD12201366 img 5MLS #MRD12201366 img 6MLS #MRD12201366 img 7MLS #MRD12201366 img 8MLS #MRD12201366 img 9MLS #MRD12201366 img 10MLS #MRD12201366 img 11MLS #MRD12201366 img 12MLS #MRD12201366 img 13MLS #MRD12201366 img 14MLS #MRD12201366 img 15MLS #MRD12201366 img 16MLS #MRD12201366 img 17MLS #MRD12201366 img 18
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:
$1,668,000
MLS #:
MRD12201366
Status:
Active
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

Net Operating Income
$115,058
Tax Year
2023
Taxes
$19,774
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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5402 W MELROSE Street
Chicago, IL