This beautiful 8 unit building at 5302-5308 W Crystal offers tremendous potential to the investor who isn't afraid of a building that needs a little more work to reach its potential. Five of the units have been rehabbed and upgraded to central heat and air, with tenants paying for gas and electric. Two of the three remaining units are in rent ready condition, and are on the market for rent. The third unit needs some TLC (est. $23K) but will offer additional revenue opportunities. The new owner can also install coin laundry in the basement (est. $15K) to create further income for the property. Listing agent is authorized to rent the two vacant units and four parking spots to increase NOI during marketing period. Posted NOI numbers reflect current income rather than optimized. Owner calculations for NOI after coin laundry and rehab of the 8th unit show a cap rate between 13 and 14%. This building is a steal for the investor who isn't afraid of a challenge! Call today to schedule a view!
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Property Details
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Listing History
07-31-2018
Listed at $375,000
08-02-2018
Status changed to Under Contract
08-29-2018
Status changed to Active
09-26-2018
Status changed to Cancelled
Last Modified 9/26/18 1:46 PM
Nearby Transportation
Bus 70
0.1 mi
Bus 57
0.2 mi
Bus 85
0.4 mi
Bus 72
0.4 mi
Bus 66
0.6 mi
Bus 54
0.6 mi
Bus 91
0.9 mi
Bus 65
0.9 mi
Bus 73
0.9 mi
Milwaukee West
1.0 mi
Green Line
1.1 mi
I 290 West
2.2 mi
I 290 East
2.2 mi
I 90 East
3.5 mi
I 94 East
3.5 mi
I 90 West
3.6 mi
I 94 West
3.6 mi
For More Information
(312) 528-9200
For more information about 5308 W Crystal, Chicago, IL 60651 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Touchstone Group LLC
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
