5001 W Grace Street
Chicago, IL, 60641 $ 779,000
Bedrooms10 Baths5.0 Monthly Estimate*
$ 5,442
for $779,000 with 10 bedrooms and 5 full baths. This home was built in 1912.
Ideal Portage Park 4 Flat brick investment property features four renovated two bedroom units. Tenants pay all their own utilities as there are separate boilers to heat each unit. Plus, as a bonus, there's a grandfathered first floor unit, not yet renovated, with long-term (7+ years) tenants paying $950. New Windows, New Baths, New Kitchens - including cabinets, granite counters and Stainless Steel Appliances! All the light fixtures and ceiling fans are new, and the hardwood floors throughout have been refinished. Great location too! Sutherlands, Tata's Tacos, Culvers and Binny's Beverage Depot are just two blocks away on Irving Park Road, and Portage Park itself with all it has to offer (endless green space, dog park, tennis courts, Farmer's Market, swimming pool, etc.) is just a short six block walk. Tenants can dine at additional restaurants on Irving Park Rd. or Milwaukee Ave very close by. They will really enjoy this neighborhood! One unit just vacated as the tenants bought their first home, so that unit is easy to show, and available for an owner-occupant if needed. Incredibly bright second/top floor home! Otherwise, it can be leased for $1,400-$1,500 in today's market! Sit back and collect $72,300 annually, and watch it grow to $84,000 or more as tenants turn over!
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FeaturesGeneralSewer Public Sewer Sewer-Storm
Heating Natural Gas Steam Sep Heating Systems - 2+ Indv Controls
Possession Closing Negotiable
Roof Flat
Zoning MULTI
Architectural Style Traditional
Year Built 1912
Township Jefferson
Tax Year 2021
Percent Ownership Fee Simple
Gross Income 72300
Community Features Park Pool Tennis Court(s) Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 21
Status Contingent
Directions Irving Park Road to Lavergne at 5000W. South on Lavergne two blocks to the southwest corner of Lavergne and Grace.
City Chicago
High School District 299
MLS Area CHI - Portage Park
Waterfront Y/N N
Street Name Grace
Tax Annual Amount 11066
Days on Market 7
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Full Unfinished Exterior Access
Street Suffix Street
Total Bedrooms 10
Total Baths 5
Bedrooms Possible 10
Full Baths Building 5
Half Baths Building 0
Total Number of Units 4
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ExteriorLot Features Corner Lot
Water Source Lake Michigan Public
Total Parking 0
Foundation Details Concrete Perimeter
Lot Dimensions 30 X 124
Exterior Brick
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* Excluded FeaturesList ByKeller Williams Rlty PartnersBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,442
- Monthly Property Taxes
- $922
- Monthly 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 NearbyMulti-family listings in Chicago, IL
Average List Price $642,441
Percent of Sale Price 18%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
1/26/2024 | $779,000 | | Listed Price |