Listed by Alejandra Neriof RE/MAX LOYALTY
-
Est. payment /mo
8 Beds
New
5310 S Artesian AVE Chicago, IL 60632
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12781602
Bedrooms 8
Year Built 1924
Annual Tax Amount $7,090
Tax Year 2025
Lot Dimensions 33 X 125
Property Sub-Type Two to Four Units
Property Description
Brick two-flat with three income streams on an oversized 33 x 125 lot. Each above-grade apartment offers 7 rooms, 3 bedrooms and 1 bath, a layout that is scarce in Gage Park, where most two-flats are 2-bedroom units. The first floor has just been remodeled with a new kitchen and bath. The finished garden level is newly finished and adds additional income. Projected rents of about $50K per year. Tenants pay gas and electric. Forced-air heat, central air and newer windows keep operating costs low and predictable, and the detached 2-car garage offers additional income potential. This works for an investor seeking a stabilized hold from day one, or for an owner-occupant who wants to live in the remodeled unit, possibly duplex down and let the other two rents offset the mortgage. The location supports steady rental demand. Gage Park's namesake park and fieldhouse at 55th and Western are about two blocks away. The CTA Orange Line at Western, along with bus routes on Western, 51st and 55th, puts the Loop within an easy commute. Midway Airport and I-55 are minutes away, and the Western Avenue and Kedzie corridors provide groceries, restaurants and everyday shopping.
Location
State IL
County Cook
Rooms
Basement Finished, Exterior Entry, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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