5614 West Grand Avenue

Chicago, IL 60639

$834,900
Price
9
Beds
6
Baths
2,700 Sq. Ft.
$309 / Sq. Ft.
2,700
Sq. Ft.
$309
per Sq. Ft.

Description

Rare and incredible opportunity to be the proud owner of a brand new construction brick three-unit building in the booming Belmont Cragin neighborhood in Chicago! This property is like nothing that's been offered on the market before, and it truly offers all the bells and whistles! Beginning with the exterior, this property has a gorgeous dark tone brick exterior with matching black accents and black roof. This brick building is perfect for an investor looking for a solid structure with no maintenance...Rare and incredible opportunity to be the proud owner of a brand new construction brick three-unit building in the booming Belmont Cragin neighborhood in Chicago! This property is like nothing that's been offered on the market before, and it truly offers all the bells and whistles! Beginning with the exterior, this property has a gorgeous dark tone brick exterior with matching black accents and black roof. This brick building is perfect for an investor looking for a solid structure with no maintenance for years to come. All units are above ground, with high ceilings and with condo quality finishes. Each unit has three bedrooms and two full baths which is almost impossible to find anywhere in the city. The units feature a gorgeous open concept floor plan, tons of natural sunlight, and a private balcony. Tasteful kitchen cabinets, with white quartz countertops and stainless steel appliances. All separate utilities including electric and gas with in unit hot water tank and forced air throughout. Additional storage space per unit. All quality construction throughout. Artificial turf in back plus a three car parking pad. Additional free parking in adjoining city parking lot. Highly appreciating neighborhood with tons of development and investment in the area. Centrally located close to parks, schools, highways, and commercial corridors, with a public transportation only steps away from the building. High rental potential with low vacancy rates! Incredible Cap Rate! Perfect opportunity for someone looking to live in a beautiful unit with rental income OR for a long term investor looking to invest in a maintenance free building with potential for long term appreciation. Schedule your showing now before it's gone!
  1. Listed by Josue Duarte • Duarte Realty Company

Property Details for 5614 West Grand Avenue

Area
CHI - Belmont Cragin
Township
Jefferson
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 12/18/2024 12:07 AM

Property Details for 5614 West Grand Avenue

StatusActive
MLS #12222007
Days on Market17
Taxes$12,069 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built2022
Lot Size0.07 AC / 3,250 SF
CountyCook County

Building Information for 5614 West Grand Avenue

Stories-Residences3Year Built2022Building Size-Lot Size0.07 AC / 3,250 SF

Property Information for 5614 West Grand Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: Yes
  • Rebuilt Year: 2022
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: No
  • Age: 1-5 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 26X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus,Interstate Access
  • North Coordinate: 2000
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 5618
  • Lot Size Source: Builder
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 29
  • OpenHouse Count: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $340.00
  • Fuel Expense: $.00
  • Gross Income: $79,200.00
  • Insurance Expense: $2,472.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Manager Expense Source: AC
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Trash Expense Year: 2024
  • Water Expense Source: Actual
  • Net Operating Income: $61,363.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,956.00
Unit 1
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 03/25
Unit 2
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 05/25
Unit 3
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/25

Property History for 5614 West Grand 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 5614 West Grand Avenue

Taxable ValueLand$4,705Additions$52,500Total$57,205
Tax Record2022$11,766 ($981 / month)
Home Facts
Total Finished SqFt8,600 SqFtAbove Grade Finished SqFt8,600 SqFtStories1Lot Size3,137 SqFtStyleMulti-Family Res (5+ Units)Year Built1951CountyCOOKAPN13-32-218-027

Schools near 5614 West Grand Avenue

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

Steinmetz Academic Centre High School
Public9 to 12

Prosser Career Academy High School
Public9 to 12

Noble St Charter-Itw Speer Acad
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

Similar Homes

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5614 West Grand Avenue is a multi-family home for sale in Chicago, IL 60639. This property was listed for sale on December 5, 2024 by Duarte Realty Company, it's currently listed at $834,900. It has been on the market for a total of 17 days and was last sold on January 9, 2006. This listing's school district is Chicago Public Schools. Nearby schools include Prieto Math-Science Elementary School, Steinmetz Academic Centre High School and Prosser Career Academy High School. 5614 West Grand Avenue is a 9-bed, 6-bath, 2,700 sqft multi-family home built in 2022.

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 Duarte Realty Company

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 12/18/2024 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.