Chicago, IL 60641,5402 W MELROSE ST
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Chicago, IL 60641,5402 W MELROSE ST
Chicago, IL 60641,5402 W MELROSE ST
Chicago, IL 60641,5402 W MELROSE ST
Chicago, IL 60641,5402 W MELROSE ST
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$ 1,668,000
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Active Under Contract

5402 W MELROSE ST Chicago, IL 60641


UPDATED:

01/04/2025 04:12 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12201366

Maintenance Fees $1,200

Year Built 1929

Annual Tax Amount $19,774

Tax Year 2023

Lot Dimensions 105 X 125

Property Description

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

Location

State IL

County Cook

Area Chi - Portage Park

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 2


Midwest Real Estate Data (MRED) IDX
Listed by Jamison Klassman • Revive Real Estate LLC

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agent

Tim Stassi

+1(312) 371-1070

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