Beds7
Baths5
Sold On5/12/2023
Year1913
Derek Light
(312) 545-1030
Status:
Sold
Property Type:Multi Family- 2-4 Units
MLS #:11742040
Date Sold:5/12/2023
County:Cook
Come check out this Edgewater 4-flat located just a few blocks away from Lake Michigan! The property contains (2) 2br/1ba, (2) large 1br/1ba, & (1) 1br/1ba garden unit. Garden unit is currently paying $1,175/mo and that income is included in gross rental income. Owner nor broker represent the legality of the garden unit. Property is located in the North ADU Zone, allowing a new owner to legalize 5th unit and potentially add a sixth unit. (3) car parking garage in the rear as well as a backyard for the entire building. This is a perfect owner-user play or great for an investor to come rehab the units and capitalize on higher market rents!
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 5/14/2023 | $950,000 | $935,000 | -1.6% |
Community Information
Address:5627 N Glenwood Ave, Chicago, IL 60660
Area:Edgewater
County:Cook
City:Chicago
School District:130
Township:Lake View
Zip Code:60660
Architecture
Bedrooms:
7
Bathrooms:
5
Year Built:1913
Exterior Construction Type: Brick
Total # Units in Building: 4
Age Range: 100+ Years
Roof: Flat
Basement: Partially Finished
Basement Type: Partial
Garage Type: Detached
Attached Garage: Yes
Garage Ownership: Owned
Parking: Garage
Features / Amenities
Cars: 3
Garage Spaces: 3
Heat Source / Type: Natural Gas, Radiator(s)
Total Rooms:21
Property Features
Lot Dimensions:Less Than .25 Acre
Sewer: Public Sewer
Water: Lake Michigan
Transportation: School Bus Service
Directions:Property is located on the east side of N Glenwood Ave, just north of W Bryn Mawr Ave.
Tax and Financial Info
Tax Year: 2021
Tax Annual Amount: $15,484
Ownership: Fee Simple
Water / Sewer Expense: $2,052
Maintenance Expense: $2,000
Fuel Expense: $4,416
Electric Expense: $600
Insurance Expense: $4,020
Gross Income: $100,740
Net Income: $69,146
Schools
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Listing provided courtesy of Horvath & Tremblay Il, LLC.Listings courtesy of MRED MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of May 29, 2023 6:15 AM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS
