5848 N Merrimac Avenue
Chicago, IL 60646

Status: Sold Short Sale
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $589,000
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About this home

This legal 3-unit property is a must-see on a great, quiet block. The well-maintained brick building consists of three units, all in excellent condition. Each unit is responsible for its own utilities, and the building features a coin-operated washer and dryer for added convenience. The leases are month-to-month, providing flexibility for both the landlord and tenants. The first-floor unit has been recently updated. The second-floor unit is in impeccable condition, offering a comfortable living space. Wood floors grace the interiors of units 1 and 2. Additionally, the garden unit features one bedroom and one bathroom. Rents are below market price.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1930
Parking Total 2
Exterior Building Type Brick
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
Rehab Year 2022
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Norwood Park
Corporate Limits Chicago
Directions NAGLE TO ROSEDALE EAST TO MERRIMAC SOUTH
Elementary School Hitch Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Steam
High Sch William Howard Taft High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Unfinished
Basement Partial
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 15
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1700
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number B
Property / Lot Details
Lot Dimensions 30X125
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13053110260000
Special Assessments N
Taxes $7,970
Tax Exemptions None
Tax Year 2022
$589,000 Listing Price:
MLS # 11971788
Investment Profile Residential Income
Listing Market Time 30 days
Basement Partial
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 02/07/2024
Year Built 1930
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