5444 South State Street

Chicago, IL 60609

$750,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exciting Investment Opportunity: Your Dream Property Awaits! Fire your landlord and step into the exciting world of property ownership with this unique multi-use property located at the edge of Washington Park! With high foot traffic and exceptional visibility, this is a rare opportunity to establish your business and generate rental income simultaneously. Property Highlights: Prime Location: Situated next to a vibrant Dunkin Donuts and just two blocks from the I-94 Dan Ryan Expressway, ensuring...Exciting Investment Opportunity: Your Dream Property Awaits! Fire your landlord and step into the exciting world of property ownership with this unique multi-use property located at the edge of Washington Park! With high foot traffic and exceptional visibility, this is a rare opportunity to establish your business and generate rental income simultaneously. Property Highlights: Prime Location: Situated next to a vibrant Dunkin Donuts and just two blocks from the I-94 Dan Ryan Expressway, ensuring easy access and connectivity. The surrounding area is undergoing renovations, promising growth and increased value. Versatile Commercial Space: The first floor features a blank canvas, a 1,700 sq ft vanilla box commercial space with completed drywall and laminate floors. Perfect for an office or restaurant, it comes equipped with ductwork throughout and a half bath, ready for your vision! - Spacious Residential Living: The second and third floors boast a large three-bedroom apartment with a den and two full bathrooms, also each floor offering nearly 1,700 sq ft. Enjoy a generous living room, dining room, and a full-size kitchen with abundant cabinet space. The unit is complete with washer and dryer connections, and an enclosed back porch for added charm. Parking Potential: Currently, there is off-street parking available, and you can modify the gated area to allow for 2-3 parking spaces. Ample free street parking is also available! - Convenient Access to Amenities: Just 5 minutes from the University of Chicago Hospital and surrounded by a plethora of stores and restaurants, experiencing the charm of city living has never been easier. This is a once-in-a-lifetime opportunity to own a property that combines business potential with comfortable living! Don't miss out on your chance to invest in your future. Schedule your viewing today-this gem won't last long!
  1. Listed by Ursula Shine • Exit Strategy Realty / EMA Management

Property Details for 5444 South State Street

Area
CHI - New City
Num of Interior Fireplaces
2
Zoning
COMMR
LISTING UPDATED: 11/10/2024 12:07 AM

Property Details for 5444 South State Street

StatusActive
MLS #12203044
Days on Market17
Taxes$2,117 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1886
Lot Size0.06 AC / 2,500 SF
CountyCook County

Building Information for 5444 South State Street

Stories3Residences3Year Built1886Lot Size0.06 AC / 2,500 SF

Property Information for 5444 South State Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: East/West Corridor
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • Flooring: Vinyl
  • # Of Washers: 0
  • Heat/Ventilation: Gas
  • # Of Window/Ac: 3
  • # Of Refrigerators: 2
  • Washer/Dryer Lsd: No
  • Misc Inside: Multi-Tenant,Storage Inside,Basement
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Misc Outside: Enclosed Porch,Enclosed Stairs
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 125X25
  • Lot Size Square Feet: 2500.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Building Area Total: 4875
  • # Of Offices: 1
  • Office SqFt: 1625
  • # Of Ranges: 2
  • # Of Stores: 3
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores
Property and Assessments
  • Possible Use: Office and Research, Multi-Family, Retail
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 0
  • Photos Count: 32
Miscellaneous
  • Location: Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $300.00
  • Fuel Expense: $.00
  • Gross Income: $90,000.00
  • Gross Scheduled Income: $90,000.00
  • Insurance Expense: $3,600.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2024
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 7500
  • Water Expense Source: Broker Projection
  • Net Operating Income: $82,483.00
  • Other Expense: $.00
  • Trash Expense: $300.00
  • Water Sewer Expense: $1,200.00

Property History for 5444 South State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5444 South State Street

Taxable ValueLand$1,625Additions$8,375Total$10,000
Tax Record2022$2,063 ($172 / month)
Home Facts
Baths2.5Total Finished SqFt4,875 SqFtAbove Grade Finished SqFt4,875 SqFtStories3Lot Size2,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1886CountyCOOKAPN20-09-423-082

Schools near 5444 South State Street

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

Phillips Academy High School
Public9 to 12

Bronzeville Scholastic High School
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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5444 South State Street is a mixed use property for sale in Chicago, IL 60609. This property was listed for sale on November 4, 2024 by Exit Strategy Realty / EMA Management, it's currently listed at $750,000. It has been on the market for a total of 17 days and was last sold on June 1, 2022. This listing's school district is Chicago Public Schools. Nearby schools include Beethoven Elementary School, Phillips Academy High School and Beasley Elementary Magnet Academic Center. 5444 South State Street is a 0-bed, 0-bath, mixed use property built in 1886.

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 Exit Strategy Realty / EMA Management

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 11/10/2024 12:07 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.