Commercial: Multi Family 5+ - MLS# 12546268
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Description
Exceptional investment opportunity in a prime Humboldt Park location, just moments from Wicker Park and the vibrant Division and Milwaukee corridors. This property has six units and is surrounded by popular shops, restaurants, and everyday conveniences. The property features a classic brick front building with three units in the front and three additional units in the rear. Rear units have two bedrooms and one bathroom, while front units feature one bedroom, one bathroom, and an additional office-ideal for today's flexible living needs. A full basement provides coin-operated laundry and ample storage. All six units offer tenant-paid utilities with separate electric and water heaters, plus two parking spaces in the rear. See the additional documents for disclosures, rent roll, and pro forma. The property is located within the Northwest Side Preservation Ordinance. The seller is in full compliance, and all required paperwork has been submitted to the City of Chicago.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60622
- Year Built: 1892
- Stories: 3
- Units: 6 units
- Basement: Unfinished
- Zoning: MULTI
- # Of Dryers: 2
- # Of Ranges: 6
- # Of Refrigs: 6
- # Of Washers: 2
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cap Rate: 5.41
- Construction Materials: Brick, Frame
- Cooling: Central Air
- Directions: South/North on Western, West on Hirsch, North on Rockwell to property. Property close to intersection of Rockwell and Le Moyne.
- Electric: Separate Meters
- Electric Expense: 300
- Electric Expense Source: Broker Projection
- Fuel Expense: 420
- Fuel Expense Source: Broker Projection
- Gross Income: 100800
- Gross Rent Multiplier: 9.67
- Gross Scheduled Income: 100800
- Heat/Ventilation: Forced Air, Individual Furnaces
- Information: List Broker Must Accompany
- Insurance Expense: 7500
- Insurance Expense Source: Broker Projection
- Main Type: Commercial Sale
- Maintenance Expense: 6050
- Operating Expense: 48036
- Repairs-Decor Expense Source: Broker Projection
- Tax Annual Amount: 20352.04
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Broker Projection
- Total Monthly Income: 8400
- Trash Expense: 2100
- Trash Expense Source: Broker Projection
- Type Multi-Family: Flats
- Virtual Tour Date: 2026-01-13T17:34:21
- Water Expense Source: Broker Projection
- Water Sewer Expense: 1500
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