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Home For Sale Illinois Chicago 1100
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Apartment Building For Sale By Owner

6 Unit Multi Family




5142 S Ada St, Chicago, Illinois 60609 United States
Description

This 6 unit multifamily property has 3 units in the main house and 3 units in the coach house. Each unit is individually metered and the building was recently improved with a new roof, updated furnace and utilities, new windows and rebuilt porches. Already aggressively priced and good upside opportunity for local owner to optimize to 100% occupancy.

A 5,800 sq ft six-unit apartment building located in Chicago, Illinois. The brick, three-story, walk-up style building was constructed in 1915 on a .07 acre parcel and contains a total of 26 rooms and seven baths. Interior walls are painted plasterboard, and interior flooring consists of hardwood and carpeting. Bath flooring and walls are ceramic tile and fiberglass, and windows are double-pane in aluminum framing. Units are individually heated via gas forced air furnaces and include central air conditioners. Tenants pay for heat. Hot water is provided via six, 40-gallon, gas fired heaters. Owner pays water and sewer. Unit amenities include range/oven with fan/hood and refrigerator. Building security features included buzzer/intercom system, dead-bolt locks, smoke alarms, and carbon monoxide detectors. Additional features include ceiling fans, carpeted hallways and stairs, and a fenced-in yard. Within the last six years, the property has been renovated with new plumbing and electrical lines, as well as new plasterboard walls and ceilings. A concrete lot provides parking for two vehicles.

Unit breakdown is as follows: one 4-BR/2BA unit containing 1,300 sf; two 2BR/1BA units each containing 900 sf; and three 2BR/1BA units each containing 650 sf. The 2BR units are located on the garden and first floor and the 4BR unit is duplexed into the third floor. Actual rents range from $600-$700/month.

Located on the south side of Chicago, the Back of the Yards neighborhood retains its mix of industrial and residential properties from the days when it was home to the Union Stock Yards. The Ada property is less than a block away from Sherman Park, which has several baseball and softball fields as well as tennis courts.

Unit Breakout

Garden Front - 3 bed / 1 bath
1 Front - 3 bed / 1 bath
2 Front - 4 bed / 2 bath

1 Rear - 2 bed / 1 bath
2 Rear - 3 bed / 1 bath
Garden Rear - 2 bed / 1 bath

Price: $79,900
Property Sub-Type: Apartment Building
Listing ID: 1100

Map of: 5142 S Ada St, Chicago, Illinois 60609 United States

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