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$345,000
4,292
square ft

5542 W North Avenue
Chicago, Illinois 60639

Closed / MLS #11768236 / Commercial / Mixed Use / Austin
Listing information updated 9/26/2024 at 2:03pm
Investment opportunity -- 10.5% cap rate -- in North Austin provides reliable monthly income from two 3-bedroom apartments on Housing Choice Vouchers plus seller is operator of successful ground-level sandwich shop who would like a sale-leaseback. Separate HVAC setup, including individual central air. Apartments rent for $1,600 each plus all utilities except water. Ground-level space rents for $1,000 but business and LLC that owns building is controlled by same person. Expenses do not include costs of restaurant operation as they are now paid by owner and would continue to be under sale-leaseback. Full basement. Frontage benefits from 23,100 cars per day per IDOT. Roof replaced two years ago. Brick building at less than $77 per sf! Building should produce 7.6% cash-on-cash return (based on 25% down, 8.5% interest, 25-year amortization).
Built:
1931
Cooling System:
Central Individual
Stories:
3
Potential Use:
Commercial, Office and Research, Multi-Family, Retail
Zoning:
COMMR
Building Square Feet:
4,292
Current Net Income:
$34,558
Tax Amount:
$4,114
Tax Year:
2022
Zip Code:
60639
City:
Chicago
County:
Cook

Listing Office: Coldwell Banker Realty

Listing Office Phone: 708.524.1100

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/26/2024 at 2:03pm. 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.

Austin, IL

Austin is one of Chicago’s largest communities, stretching from Garfield Park on the east to Oak Park on the west. The west side community is made up of beautiful parks, historic architecture and four distinct neighborhoods: Galewood, The Island, North Austin and South Austin. South Austin is the...

Metra

Metra
Milwaukee District West line at Hanson Park Metra
$303,700
Average Sale Price
65
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 5542 W North Avenue, Chicago, IL 60639

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5542 W North Avenue is a commercial / mixed use which sold for $345,000. This commercial / mixed use has been listed on @properties since April 26th, 2023 and was built in 1931. The nearest transit stops include Hanson Park Metra Metra Milwaukee District West line.

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