5303 W George Street
Chicago, IL 60641

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Description

Well-kept yellow Multi- Family 7 Units building in Belmont Cragin. The building consists above the ground-level: Two 2 Bedrm/ 1Bath apartments and Four 1 Bedrm/1Bath apartments and the 7th unit- 2 Bedrm/1Bath nice rehabed Unit in the basement. These are spacious units with formal Living Rm and Dining Room in nice condition. Nice hardwood floors throughout. Currently one vacant unit. 8 electric meters and boxes (as shown on photos). 2 hot water tanks, and one Weil- McLain boiler located in the mechanical room by a laundry rm in the basement. Two parts of the basement with 2 separate main entrances. Good rental income producing property with upside potential. As its often the situation, lower than fair market rents due to long term tenants, but at the same time it presents an immediate upside opportunity for a new owner employing upkeep managment **** Current Rent Roll in Additional info. Ask the Listing Agent *** Owner motivated to sell. Room to negotiate ***

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60641
• Year Built: 1932
• Stories: 2
• Units: 7 units
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: Belmont Ave to Laramie Ave 2 the building on corner on W George St
• Gross Income: 78636
• Heat/Ventilation: Steam
• Information: List Broker Must Accompany, 48-Hr Notice Required, 3rd Party Approval
• Location: Corner
• Lot Size Square Feet: 5705
• Main Type: Commercial Sale
• Ownership Type: Individual
• Tax Annual Amount: 10949
• Tax Year: 2024
• Total Monthly Income: 5853
• Township: Jefferson
• Type Multi-Family: Flats