Closed

$779,000

5001 Grace Street, Chicago, IL 60641
10 Beds5 Baths6 days
5001 Grace Street·Chicago, IL 60641
10Bedrooms
5Bathrooms
1912Year Built
About This Home

Ideal Portage Park 4 Flat brick investment property features four renovated two bedroom units. Tenants pay all their own utilities as there are separate boilers to heat each unit. Plus, as a bonus, there's a grandfathered first floor unit, not yet renovated, with long-term (7+ years) tenants paying $950. New Windows, New Baths, New Kitchens - including cabinets, granite counters and Stainless Steel Appliances! All the light fixtures and ceiling fans are new, and the hardwood floors throughout have been refinished. Great location too! Sutherlands, Tata's Tacos, Culvers and Binny's Beverage Depot are just two blocks away on Irving Park Road, and Portage Park itself with all it has to offer (endless green space, dog park, tennis courts, Farmer's Market, swimming pool, etc.) is just a short six block walk. Tenants can dine at additional restaurants on Irving Park Rd. or Milwaukee Ave very close by. They will really enjoy this neighborhood! One unit just vacated as the tenants bought their first home, so that unit is easy to show, and available for an owner-occupant if needed. Incredibly bright second/top floor home! Otherwise, it can be leased for $1,400-$1,500 in today's market! Sit back and collect $72,300 annually, and watch it grow to $84,000 or more as tenants turn over!

MLS# 11966487Listed January 26, 2024Residential IncomeTraditional
Property Details

Beds & Baths

Total Bedrooms10
Total Bathrooms5
Total Rooms21

Size & Structure

Year Built1912
Lot Size30 X 124

Location

CountyCook
TownshipJefferson
Zip Code60641

Financial

List Price$779,000
Annual Taxes (2021)$11,066
Monthly Tax Est.$922
Parcel #13212170180000
Interior Features

Heating

Natural GasSteamSep Heating Systems - 2+Indv Controls

Basement

UnfinishedExterior EntryFull
Exterior & Lot

Construction

Brick

Roof

Flat

Foundation

Concrete Perimeter

Lot Features

Corner Lot
Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Lake MichiganPublic
HOA & Community

Community Features

ParkPoolTennis Court(s)CurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$11,066
Tax Year 2021
Monthly Tax Est.
$922
per month
Property Location

5001 Grace Street, Chicago, IL 60641Cook County

$779,000
5001 Grace Street
10 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
6 days on market
30 X 124
$11,066/yr taxes
$5,016
estimated monthly payment
Principal & Interest
$4,094/mo
Property Tax
$922/mo
$779,000
20% — $155,800
3%50%
6.875%
3%12%
Loan Amount
$623,200
Down Payment
$155,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams Rlty Partners
Agent: Thomas Brandt
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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