Address
5252 N Western Avenue, Chicago, IL
Price
$ 3,000,000
Property Attributes
  • MLS#12035677
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lincoln Square
  • NeighborhoodBudlong Woods
  • Zip60625
  • Style
  • Year Built1970
  • Taxes$ 19006
  • Price$ 3,000,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

5252 N. Western Ave is a beautiful six (6) unit mixed use building in Chicago's Bowmanville neighborhood. The building is situated on high traffic intersection of Western and Berwyn, with immediate access to the city as well as surrounding north side neighborhoods. 5252 N. Western Ave is a unique opportunity to obtain a cash-flowing mixeduse property in one of the most high growth pockets of Chicago's North side. The building is comprised of two (2) master lease retail units, three (3) 2BD/2BA & one (1) 3BD/2BA. Recent improvements to the building include but are not limited to: gut-renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and extensive amounts of tuckpointing and sealing the new facade. From day one, a new investor will realize a cap rate exceeding 6%. The retail units have master leases signed that extend through 2027 and generate a $15,000 / month. This stabilized mixed use asset allows a new owner to assume the current cash flow that the building provides in a highly desirable pocket of the north side.

Price History
4/22/2024 Listed $3,500,000
5/23/2024 15% - $3,000,000

General Features

Year Built 1970
Tenant Pays Air Conditioning,Electricity,Heat,Hot Water
Stories 2
Tax Year 2022
Gross Income 273000
County Cook
Net Operating Income 213099
Operating Expense 51711
Insurance Expense 1800
Property Type Commercial Sale
MaintenanceExpense 2550
Status Active
Directions From Foster,turn north onto Western to 5252. Property is located on the SW corner of Western/Berwyn
City Chicago
NumberOfUnitsTotal 6
MLS Area CHI - Lincoln Square
Street Name Western
Tax Annual Amount 19006
Electric Expense 760
Trash Expense 1350
Water Sewer Expense 5400
Additional Parcels Y/N No
Days on Market 38
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 125' X 40'

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60625

Price
AVG $950K
$3M
Taxes
AVG $11,045
$19,006
Visits
AVG 160
306
Data Provided by Inside Real Estate®
Year Built
AVG 1919
1970