853 West 53rd Street

Chicago, IL 60609

$429,900
Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this impressive investment opportunity! This large 3-unit brick building, situated in a prime location. Units 2 and 3 each feature 3 bedrooms, a large living room, a full dining room, a kitchen. Central air in Unit 3 and 1; while Unit 1 offers 2 bedrooms with the same generous living space its own in-unit laundry. The property was rehabbed 8 years ago with updates to plumbing, electricity, furnace (1st fl Updated Furnace 3 years ago) Roof 7 years old, 2023 new windows in all building but...Welcome to this impressive investment opportunity! This large 3-unit brick building, situated in a prime location. Units 2 and 3 each feature 3 bedrooms, a large living room, a full dining room, a kitchen. Central air in Unit 3 and 1; while Unit 1 offers 2 bedrooms with the same generous living space its own in-unit laundry. The property was rehabbed 8 years ago with updates to plumbing, electricity, furnace (1st fl Updated Furnace 3 years ago) Roof 7 years old, 2023 new windows in all building but the Porch. Consistently well-maintained mechanicals. The garage with 2023 new roof. The unfinished basement presents significant potential for extra income. Rental rates in this area range from 1,200 to 1,500, and the entire building can generate up to 3,700+ in rental income per month. Situated on a double lot on a corner, ample parking space is available. Currently occupied by long-term tenants who will be vacating if buyer request. Selling AS IS! Motivated seller!
  1. Listed by Hugo Sandoval • Realty of Chicago LLC
  2. Listed by Jessica Ruiz • Realty of Chicago LLC

Property Details for 853 West 53rd Street

Area
CHI - New City
Township
South Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.5
Num Of Parking Spaces
2.5
Heat/Fuel
Radiant
LISTING UPDATED: 10/08/2024 12:07 AM

Property Details for 853 West 53rd Street

StatusActive
MLS #12179376
Days on Market50
Taxes$3,808 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1895
Lot Size0.08 AC / 3,480 SF
CountyCook County

Building Information for 853 West 53rd Street

Stories-Residences3Year Built1895Building Size-Lot Size0.08 AC / 3,480 SF

Property Information for 853 West 53rd Street

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Sherman Elementary School
  • High School District: 299
  • High School: Tilden Career Communty Academy S
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Num Of Rooms: 17
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Enclosed Porch
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Corner Lot, Fenced Yard
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3480
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding, Brick
  • Roof Type: Asphalt, Flat
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 5300
  • East Coordinate: 0
  • West Coordinate: 853
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 18
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 1/20
Unit 2
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 1/20
Unit 3
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 1/20

Property History for 853 West 53rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 853 West 53rd Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 10 to 12
Rating
School
Distance
Sherman School of Excellence
PublicPK to 8

KIPP Bloom Charter Elementary School
CharterK to 8

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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853 West 53rd Street is a multi-family home for sale in Chicago, IL 60609. This property was listed for sale on October 2, 2024 by Realty of Chicago LLC, it's currently listed at $429,900. It has been on the market for a total of 50 days and was last sold on November 25, 2014. This listing's school district is Chicago Public Schools. Nearby schools include Sherman School of Excellence, Tilden Career Communty Academy High School and KIPP Bloom Charter Elementary School. 853 West 53rd Street is a 8-bed, 3-bath, multi-family home built in 1895.

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 Realty of Chicago LLC

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 10/08/2024 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.