$1,100,000
8 Beds
Bath
SqFt
Acre Lot
Sqft Lot
Status Active
Property Type Two To Four Units
Year Built 1954
Neighborhood
Days on Website 109

Property Map

$1,100,000 – 5640 West Carmen Avenue, Chicago, IL 60630

Street View

Courtesy of Keller Williams Chicago-Lincoln Park.

Description

All the townhome units are spacious 2 Bed /2 Bath townhomes. Each unit lays out on three (3) floors and has been extensively remodeled with updates that include new modern kitchens cabinetry, countertops, tile work, appliances), updated bathrooms (vanity, sink, faucet, toilet, tile work, and finishes), hardwood flooring throughout and in-unit laundry. Additionally, each unit has its own parking space. This is an excellent opportunity for an investor to acquire a well-positioned townhome complex with stable cash flow in a desirable location. The current average rents are approximately 12% below the market, which offers the opportunity to raise the current rents to market and capture an even higher yield without requiring any additional investment.

Property Details and Features

Listing

  • Source: Midwest Real Estate Data, LLC
  • 2020-07-08
  • Exclusive Right To Sell

Bedrooms

  • 8 bedrooms
  • 2 bedrooms in unit 1
  • 2 bedrooms in unit 2
  • 2 bedrooms in unit 3
  • 2 bedrooms in unit 4

Bathrooms

  • Full/half bathrooms: 0
  • 8 full bathrooms in building
  • 2 full bathrooms in unit 1
  • 2 full bathrooms in unit 2
  • 2 full bathrooms in unit 3
  • 2 full bathrooms in unit 4

Location

  • 5640
  • CHI – Jefferson Park
  • Cook

House

  • Built in 1954 (approximate)
  • 4 units in building
  • 24 rooms
  • 6 rooms in unit 1
  • 6 rooms in unit 2
  • 6 rooms in unit 3
  • 6 rooms in unit 4
  • 61-70 Years

Property

  • Two to Four Units

Lot

  • COMMON
  • Less Than .25 Acre

Appliances and Equipment

  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner

Parking

  • 4 cars
  • 4 parking spaces
  • Assigned Spaces
  • Space/s

Heating

  • Indv Controls

Utilities

  • Electricity expense: $76
  • Sewer-Public
  • Public

Exterior Features

  • Brick

Schools

  • Elementary school district: 299
  • Middle school district: 299
  • High school district: 299

Taxes

  • 9908.33
  • Tax year: 2018

Miscellaneous

  • Gross rental income: $95,844
  • Insurance cost: $1,140
  • Janitorial cost: $1,200
  • Unit 1 rent: N/A
  • Unit 2 rent: N/A
  • Unit 3 rent: N/A
  • Unit 4 rent: N/A
  • Unit 1 security deposit: N/A
  • Unit 2 security deposit: N/A
  • Unit 3 security deposit: N/A
  • Unit 4 security deposit: N/A
  • Other
  • Other
  • Other
  • Other

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