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$ 1,425,000
Est. payment /mo
Active Under Contract
5745 W Wellington AVE Chicago, IL 60634
UPDATED:
11/26/2024 11:40 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12207350
Maintenance Fees $3,000
Year Built 1930
Annual Tax Amount $16,826
Tax Year 2023
Lot Dimensions 59 X 125
Property Sub-Type Multi Family 5+
Property Description
This building is a true gem. Most of the work has been done in the last couple of years and it is ready for a new owner to have a worry free investment. The units are very spacious with nice room sizes. The rents are close to market but there is still room to increase them. Following is some of the work that has been done: Full roof tear off replaced with a new TPO roof and 5.2 inch insulation. Replaced 38 lentils above windows and spot tuck pointed the entire building. New copper plumbing and 8 individual hot water heaters. Each unit has new forced air HVAC. New 800amp electrical service and rewired all units with conduit and electrical boxes in each unit. Converted all 1 bedroom apartments to 2 bedrooms and 2 bedroom apartments to 3 bedrooms with additional layout changes to accommodate. All bathrooms have been updated with new tile, new vanities, new toilets, and flooring. All apartments have new kitchen cabinets, sinks, plumbing, and countertops. Appliances include stoves, dishwashers, microwaves, refrigerators, and washers and dryers in each unit. There are no units are in the basement so there is a possibility to duplex down.
Location
State IL
County Cook
Area Chi - Belmont Cragin
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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Listed by Dan Cvejic • Chicago Realty Professionals