NOT LISTED FOR SALE

5414 W Wellington Ave Chicago, IL 60641

Cragin Neighborhood
8 Beds
6 Baths
-- Sq Ft
3,780 Sq Ft Lot

Last Sold January 05, 2024

Last sale price $727,000

208 Days on Market

About This Home

As of January 2024

Beautiful 6-Flat multi-family investment building with an attached 2-car parking garage on a quiet, residential, tree-lined street. 2 remodeled units; 4 are well maintained with moderate updates. Close to Walmart, Tony's and Cermak Fresh Market, restaurants, public transportation, and I94.

Last Agent to Sell the Property

Heather Gallagher

Cagan's Realty, Inc. License #471014970 Listed on: 05/15/2023

Co-Listed By

Mirela Dulu

Cagan's Realty, Inc. License #471017902

Last Buyer's Agent

Zain Nasir

Illinois Real Estate Partners License #475191434

Illinois Real Estate Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,306

Year Built

  • Built in 1929

Lot Details

  • 3,780

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • 3,780 Sq Ft Lot
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $202
  • Fuel Expense $4,466
  • Insurance Expense $3,392
  • Trash Expense $1,395
  • Water Sewer Expense $1,875
  • Operating Expense $23,335
  • Gross Income $78,600
  • Net Operating Income $57,041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,306

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1929
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 779000

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Radiant

Fee Information

  • Trash Expense: 1395
  • Water Sewer Expenses: 1875
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3780 SF
  • Lot Size Sq Ft: 3780

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8

Multi Family

  • Net Operating Income: 57041
  • Fuel Expense: 4466
  • Insurance Expense: 3392
  • ElectricExpense: 202
  • GrossIncome: 78600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23335
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9306
  • Tax Year: 2021

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $727,000 -6.7% --
12/12/2023 12/12/23 Pending -- -- --
12/02/2023 12/02/23 For Sale $779,000 0.0% --
11/20/2023 11/20/23 Pending -- -- --
10/17/2023 10/17/23 Price Changed $779,000 -2.3% --
07/10/2023 07/10/23 Price Changed $797,000 -6.2% --
05/17/2023 05/17/23 For Sale $850,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11785799

Midwest Real Estate Data (MRED)