NOT LISTED FOR SALE

5905 W Higgins Ave Chicago, IL 60630

Jefferson Park Neighborhood
4 Beds
6 Baths
-- Sq Ft
1955 Built

Last Sold September 26, 2016

Last sale price $555,000

23 Days on Market

About This Home

As of September 2016

FANTASTIC all brick, 6 unit building in desirable and quiet Jefferson Park neighborhood. Long time owner and tenants. Rents are under market rate. There are 4 1BR/1BTH apartments (1st & 2nd floors) with spacious living rooms, eat-in kitchens with table space and large bedrooms. The 1BRs have hardwood and parquet floors. The are 2 studio apartments (garden level) with spacious living/sleeping spaces and eat-in kitchens with table space. All the bathrooms have ceramic tile finishes. Each unit has its own individual water heater and individual boiler so the tenants pay ALL their own utility bills. One coin operated washer and dryer are located on premises for additional income. There is a wonderful South facing back yard and patio. 5 outdoor parking spots are included. Walk to parks, dining, cafes, shopping, the Metra and Blue line. Easy access to I-90. Great investment property. At 4.5% interest with 25% down payment, this building is cash flow positive even with below market rents.

Last Agent to Sell the Property

Steven Acoba

Keller Williams Preferred Realty License #475126674 Listed on: 05/25/2016

Keller Williams Preferred Realty

Last Buyer's Agent

Diana Wojcik Dobrzycki

RE/MAX City License #475097074

RE/MAX City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,160

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 50x120
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $330
  • Fuel Expense $533
  • Insurance Expense $2,736
  • Trash Expense $1,028
  • Water Sewer Expense $1,551
  • Operating Expense $11,787
  • Gross Income $48,450
  • Net Operating Income $37,952

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,160

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1955
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick
  • List Price: 575000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Misc Outside: Patio,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1028
  • Water Sewer Expenses: 1551
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X120
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks

Rental Info

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

Multi Family

  • Net Operating Income: 37952
  • Fuel Expense: 533
  • Insurance Expense: 2736
  • ElectricExpense: 330
  • GrossIncome: 48450
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11787
  • Expense Year: 2014
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 7160
  • Tax Year: 2014

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 List to Sale Price per Sq Ft
09/26/2016 09/26/16 Sold $555,000 -3.5% --
06/17/2016 06/17/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $575,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Acoba

    Seller's Agent in 2016

    Steven Acoba

    Keller Williams Preferred Realty

    (773) 800-9107

    116 Total Sales

    Steven Acoba
    Section Image

  • D

    Buyer's Agent in 2016

    Diana Wojcik Dobrzycki

    RE/MAX

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09237294

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60630 Jefferson Park

5905 W Higgins Ave, Chicago, IL

This home is located at 5905 W Higgins Ave, Chicago, IL 60630 since 25 May 2016. This property was built in 1955. 5905 W Higgins Ave is a home located in Cook County with nearby schools including Prussing Elementary School, Taft High School, and St. Constance School.

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