5548 S Union Avenue
Chicago, IL 60621

Status: Active
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $299,000
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About this home

Turnkey property. Rehabbed solid brick 2 unit building. Perfect as an investment property OR buy as the owner and rent for additional income. Both units have been fully rehabbed in 2022. Updated plumbing and electrical. 1st floor unit features 2Beds and 1Bath. 2nd floor unit features 3Beds and 1Bath. Clean (unfinished) basement with good ceiling height allows for possible duplex down in the future. Great location just blocks from I90/94 with easy access to the City and the lake. 1 mile to CTA Red Line station. No garage, parking pad at the rear. Both units currently tenant occupied. Tenants pay their own gas, heat and electric. 48hrs notice required for showings. Showings only available Tue (PM), Thurs (PM) and Sat (AM) with appointment. Possible loan assumption available with current lender at 4.625%. YES...you read that right. Buyer must qualify with the lender, must be owner occupant. See Additional Documents on MLS for loan assumption info.

Property details

Property / Lot Details
Acreage 0.11
Lot Dimensions 5,176
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1905
Exterior Building Type Brick
Exterior Property Features Porch
Foundation Brick/Mortar
Parking Features Off Street
Garage On-Site Yes
Parking Ownership N/A
Parking Space/s
Rehab Year 2022
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Englewood
Zoning Type MULTI
Corporate Limits Chicago
Directions Dan Ryan 90/94 to Garfield Blvd. Exit West, Proceed to Union Ave and South to the property.
Elementary School Disney Elementary School Magnet
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Phillips Academy High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Disney Ii Magnet High School
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 13
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1170
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date M2M
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1533
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 08/24
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 2

Financials

Gross Rental Income $32,436
Rental Income 32436
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20161010510000
Special Assessments N
Taxes $2,262
Tax Exemptions None
Tax Year 2022
$299,000 Listing Price:
MLS # 11980982
Investment Profile Residential Income
Listing Market Time 92 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 02/17/2024
Year Built 1905
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