5638 North Parkside Avenue

Chicago IL 60646

Multi-Family

Currently for sale - view listing

Overview

Jefferson Park very nice 2 flat with extra in law suite in basement. Separate gas forced air furnaces with central air. Updated cabinets in kitchens and nicely tiled baths. Refinished hardwood floors. 6 room 3 bedroom one bath apartment on 1st floor. Sharp looking 5 room 1 bedroom + office on 2nd floor and a nice open/spacious 1 bedroom unit in basement. 2 car garage and a very nice yard in rear. Flood control system too! First floor was rented $1700. Lease expired now vacant for new owner. Actual rent was $1750 and owner would provide a $50 credit to tenant since their unit supplies heat and AC for garden unit. Second floor nice 1 bedroom plus office $1275. leased till 8/31/2025. Garden apartment open space 1 bedroom $985. leased till 8/31/2025. Owner provides a $20 credit off rent since common area electric is on his bill. Net rent $965.Owner pays small gas bill for utility/laundry and garden apt stove. Space heater in garden is inoperative. Heat supplied from 1st floor furnace. Garage $250 month to month. $75 laundry. Potential gross income with 1st floor rented $4285. monthly $51420. Expenses $11817. Potential Net income (with 1st floor rented) yearly $39603. - 7.2% rate of return!! Near Milwaukee, Central and Foster intersection. Perfect convenient location near all kinds of public transportation and shopping. Minutes to expressways to the loop or airport. Basement is non-conforming sorry no FHA loans. Zoning certificate as 2 unit. Any questions or concerns or offers please contact: Norbert Mika text or email preferred.

Features

5 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

Multi-Family

Property history for 5638 North Parkside Avenue

2014

Sold

$275,000

14 Feb 2014 by Jan Kupiec, of Baird & Warner

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