Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
9 Properties Within 0.5 miles of: 5859 N Elston, Chicago
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5859 N Elston
Chicago, IL 60646

  • Built In 1958
Price

$755,000

Est Payment
$4,880 / month (details)  
Taxes
$8,830  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
50 X 125  
Built
1958  
Neighborhood
Jefferson Park  
MLS
#11278477
Status
Sold (2/14/2022)

Property Description

Fully rented and well maintained 6 unit MULTIFLAT building sitting on Double lot (50 ft. = bright apartments for tenants) in between Jefferson Park and Norwood Park East. The property features: Five 2 bedroom apartments and one 1 bedroom apartment. Four above grade units have 2 Bedroom with 1 Bathroom. All kitchens have granite countertops replaced except for 1 unit. Hardwood floors throughout all units except in one has ceramic tiles. Approx. dates of primary components: Furnace (2018). Hot water tank (2014). Windows (age around 18-20 years). Shingles roof (according to previous owner estimated roof age 14- 15 years) *** There are 6 (six) electric panels as seen on photo ***5 (five) gas meters as seen on photo *** Assigned 6 (six) parking spaces in the back of the building. Fully rented (no vacancy rate!) with good tenants (most now stay on Month/Month basis since the building is for sale). Good CAP rate of approx. 7.2 % for new savvy investor/owner And with more updates there is a higher rents upside potential! Property is located in convenient mixed rental and residential area close to Jefferson Park train station, interstate Highway I-90, Milwaukee Ave bus, businesses, stores, restaurants, and MORE. Floor plan & RENT ROLL attached in Additional Info.

Property Map

Property Details

Utilities

  • Heating
  • Cooling Window Unit(s)
  • Water
  • Sewer

Additional Information

Parking
6 Parking Spaces

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

11-30-2021 Listed at $789,000
12-13-2021 Status changed to Under Contract
02-15-2022 Status changed to Closed
02-14-2022 Sold at $755,000
Last Modified 2/15/22 10:49 AM

Nearby Transportation

  • Bus 85A 0.3 mi
  • Bus 85 0.4 mi
  • Bus 68 0.5 mi
  • Bus 86 0.7 mi
  • Bus 84 0.7 mi
  • Bus 92 1.0 mi
  • Bus 88 1.0 mi
  • Union Pacific Northwest 0.6 mi
  • Milwaukee North 0.8 mi
  • I 90 West 0.6 mi
  • I 90 East 0.7 mi
  • I 94 East 1.1 mi
  • I 94 West 1.3 mi
  • I 294 South 4.5 mi
  • I 190 West 4.5 mi
  • I 294 North 4.5 mi
  • I 190 East 4.5 mi
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