J
Seller's Agent in 2021
Jack Petrando
Kiser Group Realty Inc
5000 W Monroe St Chicago, IL 60644
Austin Neighborhood
36
Beds
15
Baths
--
Sq Ft
9,583
Sq Ft Lot
About This Home
As of June 2021Pleased to exclusively offer for purchase 5000 W. Monroe, a fifteen (15) unit walk-up located in Chicago's historic Austin neighborhood. The property sits just one block away from Madison St. and Cicero Ave, which both feature an abundance of public transit and retail options. 5000 W. Monroe has an incredibly desirable unit mix which is comprised of nine (9) 2bd/1ba units and six (6) 3bd/1ba, exceptionally spacious units. Furthermore, all of the units feature updated kitchens and baths, and original hardwood flooring throughout. Recent capital improvements to the building consist of, but not limited to: new tuckpointing (2017), new windows, newer individual furnaces, newer hot water heaters (2013 & 2017), new electrical with in-unit breaker boxes, as well as, updated copper plumbing as needed. 5000 W. Monroe provides an investor with the unique opportunity to acquire a true turn key asset. From day one, its next owner will realize an in place cap rate of 8.03% and a cash return of nearly 15%. Furthermore, through improved leasing, management and bringing current rents to market rate levels, an owner could realize a cap rate of 9.21% and a cash-on-cash return of 19.64%.
Last Agent to Sell the Property
Jack Petrando
Kiser Group Realty Inc License #475185949 Listed on: 01/14/2021
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,899
Year Built
- Built in 1916
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 78' x 126'
Home Design
- Garden Apartment
Bedrooms and Bathrooms
- 36 Bedrooms
- 15 Bathrooms
Additional Features
- 3-Story Property
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 15 Units
Building Details
- Electric Expense $2,577
- Fuel Expense $5,095
- Insurance Expense $6,071
- Maintenance Expense $4,875
- Manager Expense $7,959
- Other Expense $2,500
- Trash Expense $4,761
- Water Sewer Expense $11,685
- Operating Expense $62,922
- Gross Income $167,568
- Net Operating Income $96,342
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2021 06/23/21 | Sold | $1,020,000 | -15.0% | -- |
| 03/19/2021 03/19/21 | Pending | -- | -- | -- |
| 01/14/2021 01/14/21 | For Sale | $1,200,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,483 | $157,900 | $15,410 | $142,490 |
| 2024 | $27,483 | $157,900 | $15,410 | $142,490 |
| 2023 | $26,792 | $130,259 | $6,260 | $123,999 |
| 2022 | $26,792 | $130,259 | $6,260 | $123,999 |
| 2021 | $26,194 | $130,259 | $6,260 | $123,999 |
| 2020 | $16,520 | $74,157 | $6,260 | $67,897 |
| 2019 | $14,899 | $74,157 | $6,260 | $67,897 |
| 2018 | $11,825 | $59,863 | $6,260 | $53,603 |
| 2017 | $22,603 | $105,000 | $5,297 | $99,703 |
| 2016 | $10,171 | $50,781 | $5,297 | $45,484 |
| 2015 | $9,305 | $50,781 | $5,297 | $45,484 |
| 2014 | $8,494 | $45,778 | $5,297 | $40,481 |
| 2013 | $8,326 | $45,778 | $5,297 | $40,481 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2021
Noah Birk
Kiser Group Realty Inc
-
Martina Krstic
Buyer's Agent in 2021
Martina Krstic
MK Home LLC
(312) 508-0508
1 in this area
43 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10971906
APN: 16162010410000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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