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5301 W Jackson Blvd
Chicago, IL 60644
Multifamily Property For Sale
·
13 Units
Property Facts
| No. Units | 13 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 12,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1924 |
| Zoning | R-3, Chicago | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | R-3, Chicago |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Yard
- Built-In Bookshelves
- Dining Room
- Double Pane Windows
- Handrails
- Intercom
- Lawn
- Porch
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Fenced Lot
- Gated
- Gas Range
- Vintage Building
- Storage Space
- Public Transportation
About 5301 W JACKSON BLVD , CHICAGO, IL 60644
Subject Property be sold "as-is" Courtyard Investments has been exclusively engaged for the right to sell 5301-5305 West Jackson Blvd. The subject property contains twelve apartments in two buildings, including one additional janitors unit. All tenants are market rate, with a mix of longer term and newer tenants signed on twelve month leases. Both buildings share the same PIN. There is a mix of seven two-bed, one baths, five three-bed, one-bath and one one-bed, one baths units. Several capital improvements have been made over the last few years including new tear off roofs (2006 Lockwood & 2015 Jackson), new windows in 2003, new porches in 2017, new 1200 electric service in 2005, new copper plumbing in 2005, individual electric furnaces installed in 2005, and tuck pointing all around front in 2007. A potential investor can increase cash flow by converting three more two-bedroom, one-bath units to three-bedroom units with an average rent increase of $1,200/year. The building has a laundry ready room with hook-ups for easy ability to add washer and dryers for additional income. Lastly, an investor can further assure their future income by converting market rate units over to Section 8.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $725.00 | - |
| 2+1 | 7 | $837.50 | - |
| 3+1 | 5 | $925.00 | - |
Property Taxes
| Parcel Number | 16-16-113-028-0000 | Improvements Assessment | $46,198 |
| Land Assessment | $12,102 | Total Assessment | $58,300 |
Property Taxes
