Eco Friendly
Address
5324 N Kimball Avenue Chicago, IL
Price
$ 1,675,000
Property Attributes
  • MLS#10796299
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - North Park
  • NeighborhoodNorth Park
  • Zip60625
  • Style
  • Year Built1931
  • Taxes15899
  • Price$ 1,675,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Keller Williams Chicago-Lincoln Park
Property Description

The subject property is a 13-unit brick, walk-up building located near the intersection of Kimball Ave. and Foster Ave. in the Albany Park neighborhood of Chicago. The current unit mix consists of Ten (10) - 1 Bed/1 Bath and Three (3) - 2 Bed/1 Bath apartments with separate formal dining rooms. Recently, three of the units were extensively renovated with updates that included new kitchens (cabinetry, countertops, tile work, appliances), updated bathrooms (vanity, sink, faucet, toilet, tile work, and finishes), hardwood flooring throughout and trim work. Additionally, all the windows were replaced, and the rear porches were replaced in 2015. This is an excellent opportunity for an investor to acquire a multifamily property with significant value-add potential. The current rents are averaging at least 20% below market, which offers the opportunity to raise the current rents to market and operate the property as-is. A buyer may also choose to convert the dining rooms into second bedrooms, which would enhance the unit layouts for a significant yield increase.

Price History
7/27/2020 Listed $1,675,000

General Features

Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active Under Contract
Zoning MULTI

Exterior Features

Exterior Brick
Lot Dimensions COMMON

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 60625

Price
AVG $450K
$1.68M
Taxes
AVG $6,636
$15,899
Visits
AVG 40
48
Year Built
AVG 1944
1931
Walkscore
AVG 90
71
Data Provided by Walkscore ® not using MLS data

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