NOT LISTED FOR SALE

5537 W Wellington Ave Chicago, IL 60641

Cragin Neighborhood
9 Beds
4 Baths
-- Sq Ft
1926 Built

Last Sold January 20, 2023

Last sale price $450,000

22 Days on Market

About This Home

As of January 2023

Great investment opportunity 5+ units corner building in convenient location. Long term tenants paying way below market rent. There are 3 empty units to view. Five units are 2 bedroom, 1 bath. Estate sale being sold as is. Out of town executor has no information on laundry income and garage rental. There are 3 occupied units with no leases.

Last Agent to Sell the Property

Becky Toulon

Berkshire Hathaway HomeServices Starck Real Estate License #475128946 Listed on: 10/18/2022

Berkshire Hathaway HomeServices Starck Real Estate

Co-Listed By

Joseph Kumon

Berkshire Hathaway HomeServices Starck Real Estate License #475162027

Last Buyer's Agent

Joe Germinaro

Coldwell Banker Realty License #475104968

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,009

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 29 x 129

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $13,000
  • Gross Income $24,000
  • Net Operating Income $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,009

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1926
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 9
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 549000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 29 X 129
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 11000
  • GrossIncome: 24000
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 13000
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 5008.6
  • 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
01/20/2023 01/20/23 Sold $450,000 -18.0% --
11/09/2022 11/09/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $549,000 -- --
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: 11655391

Midwest Real Estate Data (MRED)