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5500 W Lake Street, Chicago, IL 60644

$1,650,000
  • 5500 W Lake Street, Chicago, IL 60644 Main Photo

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New to the Market New
BEDS0 BATHS MLS#12680755
STATUSNew PROPERTY TYPEMulti Unit - Multiple

Property Description

11 unit building which offers comfortable living on the West Side-less than half a mile from Oak Park. This unique and rare investment opportunity features 11 spacious, cozy units, each thoughtfully designed with one separate bedroom, a large living room suitable for a living/dining room combination, one bathroom, a kitchen, hall closet, and a private furnace room. New flooring and freshly painted with newer appliances throughout the building. Some units have new furnaces. This property offers far more than expected, including excellent access to public transportation with the Green Line train and bus just steps away. Tenants will also enjoy proximity to Levin Park, convenient street parking, and five exterior parking spaces-providing added convenience and the potential for additional income. The property also includes an area ideal for coin-operated laundry and individual storage units. This can also be an additional residential unit. Property is presently empty and being sold As-Is. Units are all ready to rent.

5500 W Lake Street | MLS# 12680755

This multi-family property located at 5500 W Lake Street, Chicago, IL 60644 is currently listed for sale with an asking price of $1,650,000. Search Chicago real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.15 Acres
Stories: 3.0
Taxes: $14,551
Year Built: 1964

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers, Fuses
Exterior: Brick
Foundation: Concrete Perimeter
HVAC: Forced Air
Lot Dimensions: 50X130
Parcel#: 16091210340000
Parking: 1-5 Spaces
Potential Use: Multi-Family
Tenant Pays: Electricity, Heat
Units: 11

Listed By / Shown By

Listed By

Agency Name: R4 Commercial Real Estate Solutions
Agency Phone: 312-448-8182

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 9,188.65 per month $7,494.81 Principal & Interest $1,212.58 Property Tax $481.25 Homeowner's Insurance

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