1843 W 54th Street
Chicago, IL 60609

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• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60609
• Year Built: 1913
• Stories: 3
• Units: 6 units
• Basement: Unfinished
• Zoning: MULTI
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.4
• Construction Materials: Brick
• Directions: A fully updated, turnkey 6unit building offering strong cashflow potential and peace of mind. A beautifully renovated multifamily asset where every unit has been thoughtfully upgraded. Each apartment features new kitchens, modern bathrooms, and refreshed flooring, creating a clean, contemporary living experience that attracts quality tenants and minimizes maintenance headaches. The building is fully compliant with all current Chicago building codes, giving buyers confidence in a smooth inspection process and longterm stability. With six updated units and solid rental demand in the area, this property offers a healthy spread once fully occupied, making it an excellent addition to any investor's portfolio-whether you're expanding or stepping into multifamily ownership for the first time. A rare opportunity to acquire a wellmaintained, incomeproducing building in a growing pocket of Chicago.
• Electric: Separate Meters
• Electric Expense: 100
• Electric Expense Source: Broker Projection
• Foundation Details: Concrete Perimeter
• Fuel Expense: 100
• Fuel Expense Source: Broker Projection
• Gross Income: 7500
• Gross Rent Multiplier: 6.1
• Gross Scheduled Income: 90000
• Heat/Ventilation: Forced Air, Separate Per Unit, Individual Furnaces
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 5000
• Insurance Expense Source: Broker Projection
• Janitor Expense: 500
• Location: Corner
• Lot Size Source: County Records
• Lot Size Square Feet: 5517
• Main Type: Commercial Sale
• Maintenance Expense: 2000
• Manager Expense: 6300
• Manager Expense Source: BP
• Operating Expense: 15900
• Repairs-Decor Expense Source: Broker Projection
• Roof Structure: Flat
• Tax Annual Amount: 7063.28
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 3700
• Township: Lake
• Trash Expense: 1800
• Trash Expense Source: Broker Projection
• Type Multi-Family: Flats
• Water Expense Source: Broker Projection
• Water Sewer Expense: 100
• Water Source: Municipal Water