5011 North Ravenswood Avenue

Chicago, IL 60640

$699,000
Price
5
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Priced to sell! Prepare to be impressed - this is unlike anything you've ever seen before. Originally a small office and factory/warehouse built in 1925 (believed to be the original headquarters of Hal's Party Rental) , this building was completely gut rehabbed and converted in 2017 and turned into two spectacularly unique apartments! Formerly commercial zoning, this is now multi-unit zoned (RT4, although buyer should verify with City - seller makes no guarantees). Unit 1 (front) is a huge apartment,...Priced to sell! Prepare to be impressed - this is unlike anything you've ever seen before. Originally a small office and factory/warehouse built in 1925 (believed to be the original headquarters of Hal's Party Rental) , this building was completely gut rehabbed and converted in 2017 and turned into two spectacularly unique apartments! Formerly commercial zoning, this is now multi-unit zoned (RT4, although buyer should verify with City - seller makes no guarantees). Unit 1 (front) is a huge apartment, with 17' ceilings, barrel ceilings, etc - featuring 3 bedrooms, 1.5 baths, and nearly 1400 square feet. Second (rear) unit is a 2 bedroom, 2 bathroom unit with wood-tone ceramic floors, 12'+ ceilings. Both units have in-unit laundry. 400 amp electric service. ENORMOUS 23x23 storage/garage space in rear of building. Sitting on a 163x25 lot (4,500 square feet) - great option for developers, too. Rent roll: Front unit rented for $2000 through 02/01/25, Rear unit rented for $1695 through 06/01/2025, Garage is rented for $975 month-to-month (and would sign a full 1-year lease). Metra, CTA Brown line, and bus only a hop skip and jump away! Mariano's and Winnemac Park nearby. Lake is 10 minutes east. Both units feature their own dedicated and individually-controlled HVAC system and the building shares one XL water heater - all replaced within the last year. The roof was replaced 2 years ago. Come collect instant rental income, or collect while you plan your next project in this area which is bustling with new development. This is an estate sale, and will be conveyed in as-is condition. Showings only permitted after an executed contract.
  1. Listed by Joe Tyler Gerber • Coldwell Banker Realty

Property Details for 5011 North Ravenswood Avenue

Area
CHI - Uptown
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Architectural Style
Contemporary
LISTING UPDATED: 12/03/2024 02:15 AM

Property Details for 5011 North Ravenswood Avenue

StatusNew
MLS #11944348
Days on Market3
Taxes$12,870 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 1 Story Unit/S
Year Built1925
Lot Size0.09 AC / 4,082 SF
CountyCook County

Building Information for 5011 North Ravenswood Avenue

Stories-Residences2Year Built1925Building Size-Lot Size0.09 AC / 4,082 SF

Property Information for 5011 North Ravenswood Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: None
  • Bedrooms Possible: 5
  • Basement Description: Slab, None
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 1
  • Num of Baths: 3.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: Yes
  • Rebuilt Year: 2017
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 25X163.3
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Tar and Gravel
  • Foundation Details: Brick/Mortar
  • General Information: Commuter Bus,Commuter Train
  • North Coordinate: 5011
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1800
  • 3 Br Un In Bldg: Yes
  • Conversion: Y
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 21
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $56,040.00
  • Trash Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Trash Expense: $450.00
  • Water Sewer Expense: $450.00
Unit 1
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 02/25
Unit 2
  • Unit Type Actual Rent: $1,695.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 06/25

Property History for 5011 North Ravenswood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5011 North Ravenswood Avenue

Taxable ValueLand$32,600Additions$28,400Total$61,000
Tax Record2022$12,547 ($1,046 / month)
Home Facts
Total Finished SqFt3,680 SqFtAbove Grade Finished SqFt3,680 SqFtStories1Lot Size4,075 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN14-07-413-010

Schools near 5011 North Ravenswood Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
McPherson Elementary School
PublicPK to 8

Amundsen High School
Public9 to 12

Passages Elementary Charter School
CharterK to 8

YCCS-Truman Middle College HS
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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5011 North Ravenswood Avenue is a multi-family home for sale in Chicago, IL 60640. This property was listed for sale on December 2, 2024 by Coldwell Banker Realty, it's currently listed at $699,000. It has been on the market for a total of 3 days and was last sold on July 30, 2013. This listing's school district is Chicago Public Schools. Nearby schools include McPherson Elementary School, Amundsen High School and Passages Elementary Charter School. 5011 North Ravenswood Avenue is a 5-bed, 3.5-bath, multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/03/2024 02:15 AM. 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.