5353 W Belle Plaine Ave Chicago, IL 60641
Portage Park NeighborhoodEstimated payment $6,720/month
Total Views
1,950
10
Beds
5
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Landscaped Professionally
- Wooded Lot
- Corner Lot
- Property is near a park
- Sun or Florida Room
- 3-minute walk to Portage Park
About This Home
MUST SEE ((8.03 Cap Rate)) & ABSOLUTLY STUNNING Portage Park LEGAL (4) UNIT with an additional (5th) Unit and or In-Law Suite / Garden unit. The Property is conveniently located directly across the street from Portage Parks entrance on Belle Plaine & Long Ave. All units are currently rented out and the building is receiving $9,000 in rent currently. ((Full Disclosure, (1) of the top floor units is still occupied by the owner till the building sells. His unit would rent for a min of $2000)). Currently the building is comprised of (5) occupied units although the garden unit can be duplexed up to one of the first floor units and that unit could then be a (4) bedroom (2) bath unit. There are two beautiful balconies that look directly onto Portage Park. The Building Features Modern updates Including (4) newer hot water tanks, (5) furnaces. (2) Air conditioning condensers. Updated Electric. All Plumbing last updated 2020. Last FULL tuck pointing done in 2021. Entire Roof replaced in 2018. Currently 2 of the units have in-unit washers dryers and the remainder of the building uses coin operated laundry in the basement. Basements includes additional rough-in Plumbing that is ready to be converted to an additional apartment. There's a small room in the basement with a Water Booster Pump to increase the water pressure and flow for the five units in the building. The basement also has Plenty of storage. Lastly there's a two car attached garage with an EV charger station that the owner uses exclusively. The basement storage could be rented out for another $300 and you could rent the garage space out for another roughly $300 as well to increase your overall cash flow.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,360
Year Built
- Built in 1905 | Remodeled in 2015
Lot Details
- Lot Dimensions are 30x125
- Landscaped Professionally
- Corner Lot
- Paved or Partially Paved Lot
- Wooded Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Workshop
- Sun or Florida Room
- Lower Floor Utility Room
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- 5 Bathrooms
Schools
- Portage Park Elementary School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
- Multiple Water Heaters
Additional Features
- Balcony
- Property is near a park
Community Details
Overview
- 4 Units
Recreation
- Tennis Courts
- Community Pool
Building Details
- Electric Expense $960
- Fuel Expense $960
- Insurance Expense $7,500
- Water Sewer Expense $5,400
- Gross Income $111,600
- Net Operating Income $96,780
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Pending | -- | -- | -- |
| 07/08/2025 07/08/25 | Off Market | $1,075,000 | -- | -- |
| 06/29/2025 06/29/25 | For Sale | $1,075,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in the area
Source: Midwest Real Estate Data (MRED)
MLS Number: 12391769
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