5421 Chicago Avenue Southwest
Lakewood, WA 98499
$1,600,000
Price
14
Beds
10
Baths
6,428 Sq. Ft.
$249 / Sq. Ft.
6,428
Sq. Ft.
$249
per Sq. Ft.
Listing provided courtesy of Keller Williams Rty Tacoma
Description
4-Plex for sale! Townhouse style new construction. Live in one unit, and rent out the other 3! This building could also be converted into condos and sold separately. Spacious floorplans, high ceilings, functional layout with modernized open concept living. Buyer able to obtain 30 year fixed rate, this qualifies as a residential loan. Units feature waterproof LVP flooring, quartz counters throughout kitchen/bathrooms, Ductless HP mini split units for heating/ac as well as wall heaters. Separated backyards...4-Plex for sale! Townhouse style new construction. Live in one unit, and rent out the other 3! This building could also be converted into condos and sold separately. Spacious floorplans, high ceilings, functional layout with modernized open concept living. Buyer able to obtain 30 year fixed rate, this qualifies as a residential loan. Units feature waterproof LVP flooring, quartz counters throughout kitchen/bathrooms, Ductless HP mini split units for heating/ac as well as wall heaters. Separated backyards for each unit. Numbers provided on rent are estimated based on comparables in area.
- Listed by Greg Stock • Keller Williams Rty Tacoma
Property Details for 5421 Chicago Avenue Southwest
Community Name
Lakewood
School DistrictLakewood
Number of Assigned Spaces10
Total Covered Parking6
Entry Date11-14-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/14/2024 03:22 PM
Property Details for 5421 Chicago Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2310804 |
| Days on Market | 3 |
| Cumulative Days on Market | 3 |
| Taxes | $10,000 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2024 |
| Lot Size | 0.23 AC / 9,900 SF |
| County | Pierce County |
Building Information for 5421 Chicago Avenue Southwest
Stories3Residences4Year Built2024Building Size-Lot Size0.23 AC / 9,900 SF
Property Information for 5421 Chicago Avenue Southwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Fenced-Fully, Patio
- Area: 37 - Lakewood
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: See Remarks
- Directions: From I-5 south take Bridgeport Way exit and take left, right on True Lane, right on San Francisco Ave, left on Lincoln Ave, right on Chicago Ave, property on right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- New Construction: Completed
- Cooling: Yes
- Cooling: Ductless HP-Mini Split
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete
- Roof: Composition
- Security Features: PartiallyFenced
Property
Utilities
- Water Source: Public
- Power Company: Lakeview
- Sewer Company: Pierce County
- Water Company: City of Lakewood
- Power Production Type: Electric
Property and Assessments
- New Construction YN: Yes
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Estimated Completion Date: 2024-11-14
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Architectural Plans
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2024
- Photos Count: 28
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Public Records
- Parcel Number Free Text: 021911-4-084
- Building Condition: Very Good
- Calculated Square Footage: 6428
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6428.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Total Expenses: 22236
- Gross Adjusted Income: 114570
- Gross Rent Multiplier: 13.26
- Gross Scheduled Income: $120,600
- Insurance Expense: $2,500
- Net Operating Income: $92,334
- Other Expenses: $9,736
- Total Monthly Income: 10050
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1724
- Rent Unit 1: $2,575.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 3
Unit 2
- Name Unit 2: C
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1490
- Rent Unit 2: $2,450.00
- Bedrooms Unit 2: 4
- Bathrooms Unit 2: 3
Unit 3
- Name Unit 3: B
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1490
- Rent Unit 3: $2,450.00
- Bedrooms Unit 3: 4
- Bathrooms Unit 3: 3
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1724
- Rent Unit 4: $2,575.00
- Bedrooms Unit 4: 3
- Bathrooms Unit 4: 3
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 6428.0
- Leasable Area Units: Square Feet
Property History for 5421 Chicago Avenue Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5421 Chicago Avenue Southwest
Taxable ValueLand$125,100Additions-Total$125,100
Tax Record2024$1,322 ($110 / month)
Home Facts
Beds2Total Finished SqFt792 SqFtAbove Ground SqFt792 SqFtStories1Lot Size9,900 SqFtStyleResidentialYear Built1943ZoningMF2CountyPIERCEAPN0219114084Fireplace TypeSingle
Schools near 5421 Chicago Avenue Southwest
This home is within Clover Park School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Tyee Park Elementary School PublicPK to 5 | ||
Lochburn Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
CPSD Open Doors Program Public9 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.
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Listing Courtesy of Keller Williams Rty Tacoma
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
