5551 W Congress Pky
Chicago, IL 60644
5551-5553 Congress Parkway · Multifamily Property For Sale
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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
