5801 N Northwest Highway
Chicago, IL 60631

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Description

Alert investors, Great opportunity to own the most attractive mixed use building in Norwood Park if not in the Northwest Side and Suburbs. This 35 year old building has 6 one bedroom, one bath apartments with individual utilities, furnaces and storage all rented below market rental rate. Laundry Room with coin operated washer and dryer. !st floor has Real Estate/Builders office since 1991 and a long term Daycare Tenant since 2007. Entire building is fully rented albeit not at today's market value. New roof in 2014. 5 Parking spaces not rented that should be rented.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60631
• Year Built: 1991
• Sq.Ft.: 8,800 sq ft
• Stories: 2
• Units: 6 units
• Zoning: COMMR
• # Of Apts: 6
• # Of Dishwashers: 5
• # Of Dryers: 1
• # Of Offices: 1
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Stores: 5
• # Of Washers: 1
• Additional Parcels: Yes
• Approximate Age: 26-35 Years
• Building Area Total: 8800
• Construction Materials: Brick, Block, Steel Siding
• Cooling: Central Individual, Exhaust Fan
• Directions: Northwest Hwy to 5801 N Northwest Hwy Chicago Illinois.
• Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
• Electric Expense: 693
• Electric Expense Source: Actual
• Expense Year: 2024
• Fire Protection: Hydrants On Site, Partially Sprinklered, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Flooring: Carpet, Tile, Other
• Foundation Details: Concrete Perimeter
• Fuel Expense: 1927
• Fuel Expense Source: Actual
• Geographic Locale: O'Hare, Chicago Northwest
• Gross Income: 162900
• Gross Rent Multiplier: 11
• Gross Scheduled Income: 162900
• Heat/Ventilation: Forced Air, Gas, Operable Windows/Systems Vary-Call List Agt
• Information: List Broker Must Accompany
• Insurance Expense: 6024
• Insurance Expense Source: Actual
• Known Encumbrances: First Mortgage
• Location: Corner, Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
• Lot Size Square Feet: 8250
• Main Type: Commercial Sale
• Misc Inside: Accessible Entrance, Accessible Washroom/s, Storage Inside, Basement, Laundry Room
• Misc Outside: Accessible Entrance, Handicapped Design
• Office SqFt: 1650
• Operating Expense: 28846
• Original Rental Price: 15
• Other Expense Source: Actual
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Land Trust
• Property Sub Type: Mixed Use
• Rental Price: 15
• Roof: Composition, Membrane
• Roof Structure: Hip, Pitched, Truss
• Tax Annual Amount: 14184
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 13575
• Township: Jefferson
• Trash Expense: 3114
• Trash Expense Source: Actual
• Washer/Dryer Lsd (Y/N): Yes
• Water Drainage: Drain Tiles, Floor Drains, Storm Sewers
• Water Expense Source: Actual
• Water Sewer Expense: 2904