$330,000
5542 W North Avenue
Chicago, IL, 60639
Investment opportunity — 10.5% cap rate — in North Austin provides reliable monthly income from two 3-bedroom apartments on Housing Choice Vouchers plus seller is operator of successful ground-level sandwich shop who would like a sale-leaseback. Separate HVAC setup, including individual central air. Tenants pay $1,600 each plus all utilities except water. Ground-level space rents for $1,000 but business and LLC that owns building is controlled by same person. Expenses do not include costs of restaurant operation as they are now paid by owner and would continue to be under sale-leaseback. Full basement. Frontage benefits from 23,100 cars per day per IDOT. Roof replaced two years ago. Brick building at less than $77 per sf! Building should produce 7.6% cash-on-cash return (based on 25% down, 8.5% interest, 25-year amortization).
Property Details
Price:
$330,000
MLS #:
MRD11768236
Status:
Active
Beds:
0
Baths:
0
Address:
5542 W North Avenue
Type:
Commercial
Subtype:
Mixed Use
City:
Chicago
Listed Date:
Apr 26, 2023
State:
IL
Finished Sq Ft:
4,292
ZIP:
60639
Year Built:
1931
Schools
Interior
Cooling
Central Individual
Exterior
Construction Materials
Brick
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2022
Taxes
$4,114
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 3015 W Irving Park Road
Chicago, IL$415,000
4.20 miles away
- 6818 W North Avenue
Chicago, IL$405,000
3.97 miles away
- 4469 W Lawrence Avenue
Chicago, IL$400,000
2.07 miles away
- 3540 W Peterson Avenue
Chicago, IL$399,770
3.02 miles away
- 4413 N Central Avenue
Chicago, IL$395,000
3.30 miles away
- 4042 N Pulaski Road #1EC
Chicago, IL$389,000
3.10 miles away
- 5050-5052 W Diversey Avenue
Chicago, IL$375,000
3.60 miles away
- 3738 W Fullerton Avenue
Chicago, IL$375,000
4.87 miles away
- 5855 W Diversey Avenue
Chicago, IL$369,000
3.55 miles away
- 5778 N Elston Avenue
Chicago, IL$364,999
0.35 miles away
Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
5542 W North Avenue
Chicago, IL
LIGHTBOX-IMAGES