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Property view

5001 W Grace Street, 
Chicago, IL 60641

$825,000


10

Beds


5

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Thomas Brandt

Bought with Greystone Realty

Keller Williams Rlty Partners

MLS#

11966487

Source:

MLSNI

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About This Home

5001 W Grace Street

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!

Home Facts

Multi-Family

5 Baths

10 Bedrooms

Built in 1912

Price Summary

779,000

MLS #:

11966487

Sold:

May 17, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5


Structure

Structure

Architectural Style:

Traditional

Year Built:

1912


Finances & Disclosures

Finances

Price:

$779,000

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