Corner brick 2 flat plus additional unit in the basement. Built in 1954. All apartments were completely redone in 2012 with new kitchens, baths, hardwood floors, separate gas forced air heating with central air. 4 electric meters nice fenced yard with patio and a 2 car brick garage. Basement unit is non-conforming FHA will not work. 1st floor rented at $1450. lease expires 5/31/2024 BUT there is a 60 day cancellation option if someone wanted this apartment. 2nd floor is leased through 5/31/2023 $1450. Basement is empty but for rent at $1250. Garage is rented at $250. Laundry about $100. per month. Potential income when fully rented $4500. month yearly $54000. Taxes $6996. Water $2400. Electric $420. Insurance $1164. Total expenses $10980. net income $43020. That's an 8% return! All apartments have separate gas forced air furnaces and central air. Tenants request all wear masks.
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For more information about 5558 N Mango, Chicago, IL 60630 contact Corcoran Urban Real Estate.
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