5542 W North Avenue Chicago, IL ^$ 330,000

5542 W North Avenue

^$ 330,000

Back to search

5542 W North Avenue

Chicago, IL, 60639

^$ 330,000

Studio Baths0.0 Sq 4,292

Monthly Estimate*

^$ 2,305

5542 W North Avenue, Chicago, IL 60639 - Image 1

5542 W North Avenue, Chicago, IL 60639 - Image 2

5542 W North Avenue, Chicago, IL 60639 - Image 3

5542 W North Avenue, Chicago, IL 60639 - Image 4

5542 W North Avenue, Chicago, IL 60639 - Image 5

5542 W North Avenue, Chicago, IL 60639 - Image 6

5542 W North Avenue, Chicago, IL 60639 - Image 7

5542 W North Avenue, Chicago, IL 60639 - Image 8

5542 W North Avenue, Chicago, IL 60639 - Image 9

5542 W North Avenue, Chicago, IL 60639 - Image 10

5542 W North Avenue, Chicago, IL 60639 - Image 11

5542 W North Avenue, Chicago, IL 60639 - Image 12

5542 W North Avenue, Chicago, IL 60639 - Image 13

5542 W North Avenue, Chicago, IL 60639 - Image 14

5542 W North Avenue, Chicago, IL 60639 - Image 15

5542 W North Avenue, Chicago, IL 60639 - Image 16

5542 W North Avenue, Chicago, IL 60639 - Image 17

5542 W North Avenue, Chicago, IL 60639 - Image 18

5542 W North Avenue, Chicago, IL 60639 - Image 19

5542 W North Avenue, Chicago, IL 60639 - Image 20

5542 W North Avenue, Chicago, IL 60639 - Image 21

5542 W North Avenue, Chicago, IL 60639 - Image 22

5542 W North Avenue, Chicago, IL 60639 - Image 23

5542 W North Avenue, Chicago, IL 60639 - Image 24

5542 W North Avenue, Chicago, IL 60639 - Image 25

5542 W North Avenue, Chicago, IL 60639 - Image 26

5542 W North Avenue, Chicago, IL 60639 - Image 27

5542 W North Avenue, Chicago, IL 60639 - Image 28

5542 W North Avenue, Chicago, IL 60639 - Image 29

5542 W North Avenue, Chicago, IL 60639 - Image 30

5542 W North Avenue, Chicago, IL 60639 - Image 31

5542 W North Avenue, Chicago, IL 60639 - Image 32

Studio

Commercial Property for sale in Chicago, IL

for $330,000. This 4,292 square foot building was built in 1931 on a lot size of 0.07174.

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).

Commercial Active

Price

^$ 330,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,114

Style

Lot Size

0.07174

Year Built

1931

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11768236

Features

General

Cooling Central Individual

Possession Negotiable

Zoning COMMR

Construction Materials Brick

Year Built 1931

Electric Circuit Breakers Service - 0 to 100 Amps

Tenant Pays Air Conditioning Electricity Heat

Stories 3

Property SubType Mixed Use

Tax Year 2022

Gross Income 50400

County Cook

Net Operating Income 34558

Operating Expense 15842

Insurance Expense 7200

Property Type Commercial Sale Mixed Use

Possible Use Commercial Office and Research Multi-Family Retail

Status Active

Directions 1/2 block east of Central

City Chicago

Total Units 3

MLS Area CHI - Austin

Lot Size Square Feet 3125

Street Name North

Tax Annual Amount 4114

Electric Expense 300

Fuel Expense 0

Trash Expense 1920

Water Sewer Expense 2400

Additional Parcels Y/N N

Days on Market 358

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 4292

Lot Dimensions 25 X 125

Frontage Type City Street Public Road State Road

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Coldwell Banker Realty

Broker

mark.ruda@cbexchange.com;mark.ruda@cbexchange.com

Affordability Calculator

$2,648

Per Month

Monthly Principal & Interest: $2,305
Monthly Property Taxes: $343
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$832,936

Percent of Sale Price 152%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/8/2023	$330,000	-17.50%	Price Down
4/26/2023	$400,000		Listed Price

Map

More homes like this one

homes for you

See all

5542 W North Avenue, Chicago, IL, 60639 is a Commercial Property for sale at $330,000 with 4,292 sqft and a lot size of 0.07174. 5542 W North Avenue is a studio with 0.0 baths and was built in 1931. The property's zip code is 60639 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/1/2024.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

5542 W North Avenue

Commercial Property for sale in Chicago, IL

Affordability Calculator

Map

More homes like this one

Get more info about this home