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Address
5854 North Kenmore Avenue Chicago, IL
Price
$ 5,250,000
Property Attributes
  • MLS#10258928
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Edgewater
  • NeighborhoodEdgewater Beach
  • Zip60660
  • StyleResidential-Multi-Family
  • Year Built1961
  • Taxes35000
  • Price$ 5,250,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15000
Listing Provided Courtesy Of:
Baird & Warner
Property Description

Multi-Family Investment Opportunity for a turn-key 26 Unit Condo De-conversion Offering. Updated, Well Maintained Mix of 16 one bedroom, 8 studio, 2 two bedroom units and 15 parking spaces. Located within blocks of Lake Michigan and Loyola University and around the corner from the Thorndale Red Line stop. Units rehabbed with newer kitchens, baths, interiors, in-unit laundry, A/C units. Plumbing upgraded with copper - vertical and horizontal. Elevator updated to current codes. NOI $312,000; Cap rate of 6% at list.

Price History
1/28/2019 Listed $5,500,000
4/26/2019 5% - $5,250,000

General Features

Age Older
Assessment Includes Water, Common Insurance, Exterior Maintenance, Scavenger, Snow Removal
Built Before 1978 Yes
Electric Expense 3500
Multi-Family Type Hi-Rise
Other Expenses 35000
Ownership Type Condo
Status Active
Tax Year 2017
Taxes 35000
Total Annual Income 448200
Total Units 26
Year Built 1961
Zoning MULTI

Interior Features

Air Conditioning Wall Sleeve
Basement Description None
Board Number 2
Dryer(s) 26
Ranges 26
Refrigerators 26
Total Monthly Income 37350
Total Stories 5
Unit Type 1 Rooms 3
Unittype3bedstotal 2
Utilities Sanitary Sewer to Site, Water-Municipal

Exterior Features

Alternate Phone Number (847) 897-4340
Building Area Total 15000
Frontage/Access City Street
Lot Dimensions 60X125
Number of Parking Spaces 15

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60660

Price
AVG $1.19M
$5.25M
Taxes
AVG $11,490
$35,000
Visits
AVG 102
1108
Year Built
AVG 1918
1961
Walkscore
AVG 92
90
Data Provided by Walkscore ® not using MLS data