ClosedPrice Reduced

$595,000

$799,000
5319 Ellis Avenue, Chicago, IL 60615
8 Beds5 Baths84 days
5319 Ellis Avenue·Chicago, IL 60615
8Bedrooms
5Bathrooms
1912Year Built
About This Home

Attention investors and house hackers!!! Welcome to 5319 S. Ellis Ave., a remarkable multi-family building in the heart of Hyde Park. This elegant brick walk- up exudes timeless charm, showcasing classic historic Chicago architecture while boasting excellent income. The property has two spacious 3-bedroom | 2-bathroom units and a bonus non-conforming garden unit with 2 bedrooms and 1 bathroom. Meticulously cared for, this building has undergone regular maintenance and updates since its 2009 renovation. Each apartment offers an irresistible blend of desirable features, including open floor plans, generous square footage, ample bedroom space, and abundant natural light. The units have been thoughtfully enhanced with updated kitchens and the convenience of in-unit laundry. Owner expenses are minimized through individual and separate utilities. 5319 S. Ellis Avenue presents a remarkable investment opportunity for those seeking to acquire a property in the highly sought-after Hyde Park neighborhood, one of Chicago's most dynamic and rapidly developing areas. With this investment, a new owner can capitalize on the potential to add value without incurring the substantial costs associated with a full-scale construction renovation. By adjusting rental rates to match those already achieved within the building, the incoming owner can further enhance its income potential. Live in one unit and let the rest of the building pay your mortgage or add to your portfolio for a long term hold. This unique offering allows for the acquisition of a stable investment with upside in an excellent location, ensuring a solid cash-on- cash return for years to come.

MLS# 11821387Listed June 30, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms5
Total Rooms17

Size & Structure

Garage Spaces2
Year Built1912
Lot Size25 X 164

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$595,000
Original Price$799,000
Annual Taxes (2021)$10,658
Monthly Tax Est.$888
Parcel #20113170040000
Interior Features

Heating

Forced AirIndv Controls

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$10,658
Tax Year 2021
Monthly Tax Est.
$888
per month
Price Reduced by $204,000
Original list price: $799,000
Property Location

5319 Ellis Avenue, Chicago, IL 60615Cook County

$595,000
5319 Ellis Avenue
8 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
84 days on market
2-car garage
25 X 164
$10,658/yr taxes
Price reduced $204,000
$4,015
estimated monthly payment
Principal & Interest
$3,127/mo
Property Tax
$888/mo
$595,000
20% — $119,000
3%50%
6.875%
3%12%
Loan Amount
$476,000
Down Payment
$119,000

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

Listed by
Triton Realty Group LLC
Agent: Harrison Cohen
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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