This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5551 W Congress Pky
Chicago, IL 60644
5551-5553 Congress Parkway · Multifamily Property For Sale
·
6 Units

PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 10,074 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | ||
| Zoning | RT-4 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 10,074 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | RT-4 |
ABOUT 5551 W CONGRESS PKY , CHICAGO, IL 60644
Kiser Group is pleased to present a vintage 6-unit apartment building in the Austin neighborhood. This particular asset is located within walking distance from Columbus Park and less than a three minute drive from the Eisenhower Expressway. Conveniently located between the blue and the green line, this assets offers an investor the opportunity to own a building near multiple modes of transportation as well as recreation. 5551-5553 West Congress Parkway consist of six (3bd/1bth) units with a separate living room, and one (2bd/1bth) non-conforming garden unit. The property has an attached, income-producing, garage and the units are equipped with individual water tanks and furnaces. This investment presents the investor with a unique opportunity to acquire a stabilized and cash flowing asset. In-place cap rate of 11% as well as an in-place cash-on-cash return of 36%. A new investor could increase returns by installing laundry in the basement.
PROPERTY TAXES
| Parcel Number | 16-16-120-008-0000 | Improvements Assessment | $52,564 |
| Land Assessment | $13,536 | Total Assessment | $66,100 |
PROPERTY TAXES
Listing ID: 11419896
Date on Market: 1/30/2018
Last Updated:
Address: 5551 W Congress Pky, Chicago, IL 60644
The Austin Multifamily Property at 5551 W Congress Pky, Chicago, IL 60644 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS
- Southwest Chicago Apartment Buildings
- North Lakefront Apartment Buildings
- Downtown Chicago Apartment Buildings
- Northwest Chicago Apartment Buildings
- Far North Chicago Apartment Buildings
- Austin Apartment Buildings
- Lakeview Apartment Buildings
- Bronzeville Apartment Buildings
- Englewood Apartment Buildings
- Lincoln Park Apartment Buildings
- Washington Park Apartment Buildings
- Logan Square Apartment Buildings
- Albany Park Apartment Buildings
- West Cook Apartment Buildings
- West Loop Apartment Buildings
NEARBY LISTINGS
- 42-46 N Pine Ave, Chicago IL
- 2542 W North Ave, Chicago IL
- 2941 W Wilcox St, Chicago IL
- 1227 N Springfield Ave, Chicago IL
- 108 N Hamlin Blvd, Chicago IL
- 2327 S Homan Ave, Chicago IL
- 2916 W 25th Pl, Chicago IL
- 2156 W 21st St, Chicago IL
- 2149 W Division St, Chicago IL
- 6229-31 W Belmont Ave, Chicago IL
- 2213 W 23rd Pl, Chicago IL
- 3423 S Harlem Ave, Berwyn IL
- 529 N Wood St, Chicago IL
- 51-57 N Pine Ave, Chicago IL
- 3963 W Belmont Ave, Chicago IL
