5310 W Waveland Avenue
Chicago, IL 60641
- 8 beds
- 3 baths
- – sqft
- 4,224 sqft lot
- 1919 build
- – on site
Fantastic looking 3 Unit Multi-Family building situated on a Beautiful tree line Street in Portage Park. ((Legal 2 unit)) with a projected Cap Rate of close to 9%. The property is located just a 1/2 a block away from William P Gray Elementary School and Portage Park just a couple blocks away. The property sits on an extra wide lot 32x132. The property consists of the 1st floor (4) bedroom 1 bathroom unit with a full dining room/living room combo with projected rent at $2100 including the full garage, 2nd floor is a (2) bedroom 1 bathroom with projected rent at $1,700 and the non-conforming lower level is a (2) Bedroom 1 bathroom unit projected with $800 rent. (The projected Cap rate is currently 8.95% from the projected rents) The lower unit would be ideal for Extra rent or Extended Family. Currently in the basement there is a Washer and Dryer for the entire building to use and some good value add would be to replace that with a coin operated washer dryer. Newish Hot Water tanks (2017) that are on separate circuit breakers. The 1st floor has heat from the boiler and the second floor has gas forced air with a furnace that's located in the attic. And to complete the property, in the rear there's a Large Beautiful Backyard with a cute little patio and a two-car garage. UPDATES ARE AS FOLLOWS: 2023- 1st Floor Stove, Fridge & Microwave. 2022- Downspouts. 2021- Windows second floor only. 2019- Roof, Washer & Dryer & 2nd floor Fridge & Stove. 2017- Hot Water Tanks. 2016- Plumbing, some new copper. 2010- Furnace/Boiler. Tons of shopping near by, Parks & Recreation super close by and just a few min to the Highway.
Last checked:
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Last updated Jul 5, 2024
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MLS# 12101414 —
The Building
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Year Built:1919
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Rebuilt:No
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New Construction:false
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Roof:Asphalt
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Basement:Full
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Foundation Details:Concrete Perimeter
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Exterior Features:Patio, Porch, Storms/Screens
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Other Equipment:Ceiling Fan(s), Multiple Water Heaters
Interior
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Rooms Total:16
Location
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Directions:Waveland one block north of Addison and Central. Waveland one way street going east.
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Location:87123
The Property
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Parcel Number:13211220330000
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Property Type:Residential Income
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Lot Features:Sidewalks, Streetlights
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Lot Size Dimensions:32 X 132
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Zoning:MULTI
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (773) 936-2714
- Office phone:
- (312) 733-7201
Taxes
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Tax Year:2022
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Tax Annual Amount:7504
Beds
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Bedrooms Total:8
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Bedrooms Possible:8
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:List Broker Must Accompany
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Buyer's Brokerage Compensation Type:Net Sale Price
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Buyer's Brokerage Compensation:2.5% -$495
Heating & Cooling
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Heating:Natural Gas, Steam
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan
Schools
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Elementary School:Gray Elementary School
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Elementary School District:299
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Middle Or Junior School District:299
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High School:Schurz High School
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High School District:299
The Community
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Community Features:Curbs, Sidewalks, Street Lights, Street Paved
Parking
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Parking Total:2.5
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Garage Type:Detached
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Garage Spaces:2.5
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Garage Onsite:Yes
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Garage Ownership:Owned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/3/24
Jul 3, 2024
|
Listed / Active | MRED | $449,888 |