5240 W Cullom Avenue
Chicago, IL 60641

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $599,999

About this home

Exquisite Luxury Renovation on this Portage Park beauty is a MUST SEE! The property features 2 unique 2 bed 1 bath units on 1st and 2nd level and a bonus 1 bed 1 bath in-law suite in the lower level. The building is nestled on a quiet block with a manicured lawn surrounded with a wooden privacy fence & RARE 3 CAR GARAGE. THIS BUILDING HAS CENTRAL AIR AND HEATING in both units and each tenant is separated and pays own utilities! There are several storage units and 2 newer washer and dryers in the lower level. Totally updated 1st floor unit is currently rented to a very sweet and responsible tenant with lease expiring in 2025. Penthouse styled 2nd floor unit is gorgeous and rented month to month so you're ready to occupy at close!!! Quality craftsmanship abounds throughout, beautifully designed open concept in living room and super modern kitchen. Stainless steel appliances, top of the line fixtures, rustic decor and finishes. Kitchen features farmhouse style sink and custom-built distressed wood island with ample sitting area. Dark cherry shaker cabinets have finished underside and are in perfect harmony with light granite countertops. Combination of gleaming hardwood and ceramic flooring will please every buyer's eye. Smart Master Bedroom closet features automatic light activated by slighting glass panel doors and perfectly organized custom storage. Current owner had utilities separated, New 200 amp electric service upgrade, Newer windows, new massive 10ft x 20ft 2 story wood deck, new power retractable awning on 2nd Fl deck, newer roof with mesh gutters, newer custom built shed adjacent to house, newer carpets in stairwell, brand new flood control system, newer concrete sidewalks and exterior lighting. Professional landscaping with manicured lawn completes this outstanding renovation. There are multiple fantastic ways you can make the dream come true with mortgage options starting with 0% down payment available!!

Property details

Property / Lot Details
Acreage 0.09
Lot Dimensions 32.75 X 125
Lot Description Fenced Yard, Landscaped
Lot Size Less Than .25 Acre
Other Structures Shed(s)
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units
Interior Features
Additional Rooms Utility Room-Lower Level
Basement Description Finished
Bath Amenities European Shower
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1795
Appliances And Features Stove, Refrigerator, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 5/25
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1400
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1450
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building No
Approx Year Built 1957
Parking and Garage Spaces 3
Exterior Building Type Brick
Exterior Property Features Deck, Porch, Storms/Screens
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - Portage Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Montrose to Lockwood, South to Cullom, east to the property... on the left. Cullom goes one way East
Elementary School Portage Park Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Schurz High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Jefferson

Financials

ElectricExpense 50
Electric Expense Source Actual
Financing Cash
Insurance Expense $1,200
Insurance Expense Source Actual
Rental Income 44340
Scavenger Expense $75
Investment Profile Residential Income
Water Expense $75

Tax/Assessments/Liens

PIN 13163070360000
Special Assessments N
Taxes $8,638
Tax Exemptions None
Tax Year 2022
$599,999 Listing Price:
MLS # 11936734
Investment Profile Residential Income
Listing Market Time 10 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 11/28/2023
Year Built 1957
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