$525,000
$539,900
2.8%For more information regarding the value of a property, please contact us for a free consultation.
5558 N Mango AVE Chicago, IL 60630
5 Beds
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
Subdivision Jefferson Park Place
MLS Listing ID 11432243
Sold Date 09/07/22
Bedrooms 5
Year Built 1954
Annual Tax Amount $6,996
Tax Year 2020
Lot Dimensions 30 X 124
Property Description
Corner brick 2 flat plus additional unit in the basement. Built in 1954. All apartments were completely redone in 2012 with new kitchens, baths, hardwood floors, separate gas forced air heating with central air. 4 electric meters nice fenced yard with patio and a 2 car brick garage. Basement unit is non-conforming FHA will not work. 1st floor rented at $1450. lease expires 5/31/2024 BUT there is a 60 day cancellation option if someone wanted this apartment. 2nd floor is leased through 5/31/2023 $1450. Basement is empty but for rent at $1250. Garage is rented at $250. Laundry about $100. per month. Potential income when fully rented $4500. month yearly $54000. Taxes $6996. Water $2400. Electric $420. Insurance $1164. Total expenses $10980. net income $43020. That's an 8% return! All apartments have separate gas forced air furnaces and central air. Tenants request all wear masks.
Location
State IL
County Cook
Area Chi - Jefferson Park
Zoning MULTI
Rooms
Basement Full, Walkout
Interior
Heating Baseboard
Fireplace N
Exterior
Exterior Feature Patio, Storms/Screens
Parking Features Detached
Garage Spaces 2.0
Community Features Curbs, Sidewalks, Street Lights
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Patrick Linden • RE/MAX NEXT