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5402 W MELROSE ST Chicago, IL 60641
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Key Details
Sold Price $1,432,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12201366
Sold Date 06/16/25
Maintenance Fees $1,200
Year Built 1929
Annual Tax Amount $19,774
Tax Year 2023
Lot Dimensions 105 X 125
Property Sub-Type Multi Family 5+
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
Area Chi - Portage Park
Interior
Fireplace N
Building
Level or Stories 2
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Bought with Abbas Nasir • Illinois Real Estate Partners
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