Chicago, IL 60641,5402 W MELROSE Street
Chicago, IL 60641,5402 W MELROSE Street
Chicago, IL 60641,5402 W MELROSE Street
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$1,668,000
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5402 W MELROSE Street Chicago, IL 60641

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UPDATED:

11/01/2024 08:07 AM

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12201366

Year Built 1929

Annual Tax Amount $19,774

Tax Year 2023

Lot Dimensions 105 X 125

Property Description

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

Location

State IL

County Cook

Interior

Fireplace N

Exterior

View Y/N true


Listed by Jamison Klassman • Revive Real Estate LLC

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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5402 W MELROSE Street