5600 N Mango Avenue
Chicago, IL 60646

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $549,900
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About this home

Nice corner brick 2 flat with additional in law apartment in basement. All are spacious apartments including basement. 1st and 2nd floor units have formal dining rooms. All separate utilities. 1st and 2nd floor have gas hot water boilers - basement has a gas forced air furnace and central air. Kitchens and baths have been updated a while ago and in decent condition. Nice yard and a 2 car. Flood control too! Good rents make this a great investment. Owner pays only for taxes, insurance, water and sewer. Income for Rents plus $75 a month for laundry = $52740. yearly income - a 10.4 gross multiplier. Net income after expenses $10908 = Net income of $40832. or a 7.42% return CAP RATE. All tenant occupied. First showings Friday 1/5/2023. 4:30 - 6PM. Tenant occupied 48-hour minimum notice and no appointments after 7PM. Schedule appointments through showing assist.

Property details

Property / Lot Details
Acreage 0.09
Lot Dimensions 36 X 124
Lot Description Corner Lot
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Interior Features
Additional Rooms Utility Room-Lower Level
Basement Description Finished
Basement Full ,Walkout
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 13
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1450
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 7/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1425
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 7/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1195
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 7/24
Rooms Total 3
Tenant Pays None
Floor Number B
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 71-80 Years
3 Bedroom Unit in Building No
Approx Year Built 1945
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Storms/Screens
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Jefferson Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Bryn Mawr west of Central to Mango
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Baseboard
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson

Financials

Financing Conventional
Gross Rental Income $52,740
Insurance Expense $2,495
Insurance Expense Source Actual
Net Oper Income $40,832
Other Addl Income Coin Laundry
Rental Income 4320
Investment Profile Residential Income
Water Expense $1,180

Tax/Assessments/Liens

PIN 13054300440000
Special Assessments U
Taxes $8,233
Tax Exemptions None
Tax Year 2021
$549,900 Listing Price:
MLS # 11951775
Investment Profile Residential Income
Listing Market Time 95 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 3
Parking Garage
List Date 12/28/2023
Year Built 1945
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