NOT LISTED FOR SALE

5542 W Wellington Ave Chicago, IL 60641

Cragin Neighborhood
8 Beds
6 Baths
4,512 Sq Ft
1929 Built

Last Sold July 26, 2024

Last sale price $800,000 $177 Per Sq Ft

2 Days on Market

About This Home

As of July 2024

Welcome to 5542 West Wellington Avenue, a fantastic investment opportunity in Chicago, IL! This 6-unit building offers a total of 6 bathrooms and spans an impressive 4512 square feet, all situated on a generous 3780 square foot lot. This well-maintained property comprises 4 one-bedroom units and 2 two-bedroom units, all of which are currently rented, providing a steady income stream. The convenience of a 2-car garage adds to the appeal for both tenants and owners alike. Whether you're looking to expand your real estate portfolio or start your investment journey, this property offers a solid foundation for success. Don't miss out on this chance to own a prime piece of real estate in a sought-after Belmont Craigen. Schedule your viewing today and seize this incredible opportunity!

Last Agent to Sell the Property

Jennifer Bustillo

Compass License #475180311 Listed on: 06/07/2024

Compass

Last Buyer's Agent

Alia Kolovic

Century 21 Circle License #471019789

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,967

Year Built

  • Built in 1929

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • 2-Story Property
  • Lot Dimensions are 30x125

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $636
  • Fuel Expense $4,156
  • Insurance Expense $2,300
  • Trash Expense $1,581
  • Water Sewer Expense $2,628
  • Operating Expense $11,301
  • Gross Income $4,820
  • Net Operating Income $47,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,967

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1929
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 809000

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Electric,Forced Air
  • Leased Washer Dryer YN: Yes

Fee Information

  • Trash Expense: 1581
  • Water Sewer Expenses: 2628
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: None
  • Board Number: 8

Multi Family

  • Net Operating Income: 47499
  • Fuel Expense: 4156
  • Insurance Expense: 2300
  • ElectricExpense: 636
  • GrossIncome: 4820
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11301
  • Expense Year: 2022
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 8967.47
  • Tax Year: 2022

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
07/26/2024 07/26/24 Sold $800,000 -1.1% $177 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $809,000 -- $179 / Sq Ft
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: 12073808

Midwest Real Estate Data (MRED)

APN: 13281080410000