NOT LISTED FOR SALE

5542 W Bryn Mawr Ave Chicago, IL 60646

Jefferson Park Neighborhood
11 Beds
6 Baths
6,058 Sq Ft
1972 Built

Last Sold August 17, 2022

Last sale price $861,000 $142 Per Sq Ft

3 Days on Market

Highlights

  • Baseboard Heating
  • Floor Furnace
  • Heating System Uses Steam
  • Taft High School Rated A-

About This Home

As of August 2022

NO MORE SHOWINGS. SEVEN VERY STRONG OFFERS RECEIVED. BEST AND FINAL DUE TUESDAY (5/31/2022). WE ARE COMPARING ALL OF THE OFFERS THIS EVENING AND WILL HAVE A DECISION TOMORROW (WEDS). THANK YOU FOR YOUR PATIENCE. Five 2BR/1BA Unit plus one 1BR/1BA unit multi-family building in the vibrant Jefferson Park neighborhood has been meticulously maintained for over 35 years with one owner. Five of the units has two large bedrooms, a large living space, and eat-in kitchen. The 1BR/1BA in-law unit is spacious as well with a full eat-in kitchen. All five of the 2BR units have gorgeous hardwood floors in the living room and bedrooms hiding under the carpeting! The building is in great shape and you could make cosmetic updates to further maximize rent. The building has 5 outdoor parking spaces. Coin laundry in the building. All units have private storage closets. The five 2BR units pay for their own electricity, cooking gas and HEAT. Each unit has their own boiler. The building has very long term tenants (some 20 to 30+ years) with under market rents but even so, it provides a strong income stream and has a 7% Cap rate (setting the rental units to market rate will push this much higher). This beautiful, very quiet, well-maintained multifamily building is in a great location with easy access to public transportation, expressways and all that Jefferson Park has to offer. Close to Target, Mariano's, Chase, etc. This building is a low maintenance cash cow. Please see 5542 W Bryn Mawr Building Expenses for 2021, Rent Roll and Disclosures under Additional Docs Tab.

Last Agent to Sell the Property

Brian Reid

BF Realty, Inc License #471016268 Listed on: 05/28/2022

Last Buyer's Agent

Alia Kolovic

Century 21 Circle License #471019789

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,909

Year Built

  • Built in 1972

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Floor Furnace
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $613
  • Fuel Expense $1,797
  • Insurance Expense $3,697
  • Other Expense $1,779
  • Trash Expense $2,097
  • Water Sewer Expense $1,795
  • Operating Expense $24,000
  • Gross Income $82,200
  • Net Operating Income $62,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,909

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 4
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 850000

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Heat/Ventilation: Gas,Steam,Baseboard,Separate Per Unit,Individual Furnaces
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2097
  • Water Sewer Expenses: 1795
  • Janitor Expense: 0
  • Operating Expense Includes: Gardener,Maintenance Grounds,Pest Control,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: PER SURVEY

Rental Info

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

Multi Family

  • Net Operating Income: 62200
  • Fuel Expense: 1797
  • Insurance Expense: 3697
  • ElectricExpense: 613
  • GrossIncome: 82200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24000
  • Expense Year: 2021
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 11909
  • Tax Year: 2020

Range of Values:

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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
08/17/2022 08/17/22 Sold $861,000 +1.3% $142 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/28/2022 05/28/22 For Sale $850,000 -- $140 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Reid

    Seller's Agent in 2022

    Brian Reid

    BF Realty, Inc

    (312) 735-3130

    1 in this area

    33 Total Sales

    Section Image
  • Alia Kolovic

    Buyer's Agent in 2022

    Alia Kolovic

    Century 21 Circle

    (773) 465-4200

    2 in this area

    70 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11418220

Midwest Real Estate Data (MRED)

APN: 13043090450000

Illinois Cook County Chicago 60630 Jefferson Park

5542 W Bryn Mawr Ave, Chicago, IL

This home is located at 5542 W Bryn Mawr Ave, Chicago, IL 60646 since 28 May 2022. This property was built in 1972. 5542 W Bryn Mawr Ave is a home located in Cook County with nearby schools including Farnsworth Elementary School, Taft High School, and St. Constance School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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.

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