5442 N Western Avenue, CHICAGO IL 60625 Photo 1 5442 N Western Avenue, CHICAGO IL 60625 Photo 2 5442 N Western Avenue, CHICAGO IL 60625 Photo 3 5442 N Western Avenue, CHICAGO IL 60625 Photo 4 5442 N Western Avenue, CHICAGO IL 60625 Photo 5 5442 N Western Avenue, CHICAGO IL 60625 Photo 6 5442 N Western Avenue, CHICAGO IL 60625 Photo 7
Listing Courtesy of Dream Town Realty

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5442 N Western Avenue - Unique opportunity in Chicago's Budlong Woods neighborhood just north of Lincoln Square. 9 unit new construction elevator building with garage parking and rooftop decks overlooking open green space. This is a high-end condo building that may be transferred as a fully leased armchair investment. Total building square footage is 24,000, 18,000 sqft above grade with exceptional finishes. 3 duplex downs around 3000 sqft, 4 bedrooms 3 baths with radiant heat on the lower level. 3 simplexes 1500-1900 sqft 2-3 bedrooms 2 bath and 3 duplex ups, 4 bedrooms 3 baths with enormous private outdoor space and a shared rooftop deck with outdoor kitchen and bar. This property has an early 2020 delivery date and can be transferred fully leased with a one year warranty. Estimated resale for condominiums is around 6M

Listing information

  • MLS® ID: 10515003
  • Status: Active
  • New Construction: No
  • Lot Size: 81 X 124
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • County: Cook
  • Year Built: 2019
  • Parking Type Description: None 0 cars
  • Lot Area: 0.23 Acres

Features

Air Conditioning Central Air
Approximate Age Under Construction
Basement Description Finished
Built Before 1978 (Y/N) No
Construction Brick
Current Use Residential-Multi-Family
Electrical Service Circuit Breakers, Over 600 Amps
Exterior Building Type Brick
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Combination
Heat/Ventilation Central Heat/Indiv Controls, Forced Air, Gas
Indoor Parking 6-12 Spaces
Information List Broker Must Accompany
Known Encumbrances None Known
Land Amenities Curbs and Gutters, Other, Sidewalks
Location Central Business District
Misc Inside Elevator/s Passenger, Inside Corridor/s, Other, Storage Inside
Misc Outside Balcony/ies, Enclosed Porch, Enclosed Stairs, Other, Sun Deck
Other # Of Dishwashers - 9, # Of Disposals - 9, # Of Dryers - 9, # Of Ranges - 9, # Of Refrigs - 9, # Of Units - 9, # Of Washers - 9, Approx Total Bldg Sq Ft - 24000, Electricity Expense - 1800, Expense Year - 2019, Fuel Expense - 0, Gross Rent Multiplier - 11.6, Gross Rental Income $ - 428400, Insurance Expense - 5000, Janitor Expense - 8424, Net Oper Income $ - 33276, Net Operating Income Year - 2019, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 2400, Tax Year - 2018, Total Annual Exp - 95636, Total Annual Income - 428400, Total Monthly Income - 35700, Township - Jefferson, Water Expense - 4200, Zoning Type - Multi
Ownership Type Individual
Potential Use Condominium
Property Type Multi Family 5+
Roof Coverings Rubber
Roof Structure Flat
Tenant Pays Air Conditioning, Electric, Heat
Type Multi-Family Corridor-Interior Entrance
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Dream Town Realty