Active
5402 W MELROSE Street
Chicago IL, 60641
$1,668,000
Active
Multi-family
Built in 1929
Courtesy of Revive Real Estate LLC
PRIME INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF THE BELMONT-CRAGIN NEIGHBORHOOD THIS PROMINENT YELLOW BRICK CORNER BUILDING FEATURES TWELVE (12) SPACIOUS UNITS CONSISTING OF FOUR (4) 2BD/1BA AND EIGHT (8) 1BD/1BA APARTMENTS. THIS PROPERTY OFFERS AN ARRAY OF AMENITIES, INCLUDING OVERSIZED RESIDENT STORAGE UNITS, AN ON-SITE LAUNDRY FACILITY, A BACK COURTYARD AND A 2-CAR DETACHED GARAGE. THE BUILDING IS EQUIPPED WITH OWNER PROVIDED GAS STEAM BOILER HEAT AND HOT WATER WHILE THE RESIDENTS ARE RESPONSIBLE FOR THEIR COOKING GAS AND ELECTRIC UTILITIES. THIS RARE OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW AND LONG-TERM GROWTH IN ONE OF CHICAGO'S ESTABLISHED RESIDENTIAL AREAS. PROPERTY HIGHLIGHTS: -OVERSIZED RESIDENT STORAGE UNITS - BUILDING OWNED LAUNDRY FACILITY - (2) CAR DETACHED PARKING GARAGE
12201366
MLSⓇ ID
November 1, 2024
Listed
November 22, 2024
Updated
Map
5402 W MELROSE Street
Chicago IL, 60641
Other Property Details
Area Name
CHI - Portage Park
Taxes
$19,774
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
Cook
Municipality
Jefferson
Pool
No
Courtesy of Revive Real Estate LLC, Jamison Klassman,
Listing Contact: 312-409-0849
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Based on information submitted to the MLS GRID for MRED 11/22/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 7:21 AM UTC, 11/22/2024
