5700 S May Street
Chicago, IL 60621

Status: Active
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $450,000

About this home

Welcome to this well-maintained 4-unit apartment building, a gem nestled in the heart of Englewood, Chicago. This property presents an exceptional investment opportunity with room for value-add, ideal for both seasoned investors and those looking to expand their real estate portfolio. Each unit offers a spacious layout with ample natural light, providing a comfortable and inviting living space for tenants. The interiors are well-kept, featuring functional kitchens, cozy living areas, and generous bedroom sizes. The property has been consistently maintained, ensuring a hassle-free investment experience. Highlights: Well-Maintained: The building has been meticulously cared for, minimizing immediate renovation needs. Value-Add Potential: Opportunities to increase property value through strategic upgrades and modernizations. Spacious Units: Each unit offers a practical and appealing layout, perfect for attracting and retaining tenants. Location: Situated in the vibrant Englewood neighborhood, this property benefits from proximity to local amenities, public transportation, and community development projects. Investment Potential: With the ongoing revitalization efforts in Englewood, this property stands to benefit from future appreciation. The potential for rental income is strong, and with some minor enhancements, the rental rates could be increased, further boosting your return on investment. Additional Features: Secure entryway On-site parking Storage space Common laundry area (optional improvement for added value) Location Perks: Englewood offers a mix of urban convenience and community spirit. Enjoy easy access to shopping centers, dining options, parks, and schools. The neighborhood's connectivity to major highways and public transit makes commuting a breeze for tenants. Don't miss out on this rare opportunity to acquire a solid investment property with promising returns. Schedule a viewing today and envision the potential this Englewood apartment building holds for you!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1903
Exterior Building Type Brick
Parking None
Rehab Year 2021
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Englewood
Corporate Limits Chicago
Directions South on Racine, left on 57th street to May St.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Water Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Unfinished
Basement Partial
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 4
Full Baths in Building Count 4
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 2250
Appliances And Features Stove, Refrigerator, Microwave, Oven/Built-in
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Tenant Pays None
Floor Number 1
Square Feet 1000
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Microwave, Oven/Built-in
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 6
Tenant Pays None
Floor Number 2
Square Feet 1000
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Microwave, Oven/Built-in
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 6
Tenant Pays None
Floor Number 1
Square Feet 1000
unit 4
Beds Total 3
Baths Total 1
Actual Rent 2250
Appliances And Features Stove, Refrigerator, Microwave, Oven/Built-in
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 7
Tenant Pays None
Floor Number 2
Square Feet 1100
Property / Lot Details
Lot Dimensions 3,750
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20172160020000
Special Assessments N
Taxes $2,879
Tax Year 2022
$450,000 Listing Price:
MLS # 12076698
Investment Profile Residential Income
Listing Market Time 20 days
Basement Partial
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 06/06/2024
Year Built 1903
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