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About This Home
This 6-bedroom, 3-bathroom residential multi family at 5445 N MAGNET Avenue in Chicago, IL is listed for $589,900. Built in 1921, on a 0.08 acres lot.
Updated 2 flat with extra basement non-conforming apartment. All electric, plumbing and HVAC were updated approximately 8 years ago along with some kitchens and bathrooms. Nice size apartments first and second floors have 2 bedrooms. Extra tandem bedroom on 1st floor.
Basement is 4 room 2 bedrooms. Nice yard and a 2 car garage. Rents: Non-conforming garden $1250. Includes all utilities. 1st floor: $1800. 1st floor pays utilities and receives a $100. credit for basement utilities so they pay $1700. net rent. 2nd floor: $1595. They pay their own utilities. Garage $300. Rented to someone not living in property Mo. to Mo. Total income $4845. a month $58140 gross yearly less $12444. expenses or $45696. Net income or 7.74% return!! Great investment.
Key Features
- Built in 1921
- 0.08 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$3,155/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5445 N MAGNET Avenue
Chicago, IL 60630
Property Details
Construction
Pool Features
Parking
Heating
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 5445 N MAGNET Avenue is listed at $589,900. The estimated monthly payment is $2,556 based on 20% down at 6.5% interest.
Key features include: Built in 1921, 0.08 acre lot, 2 parking spaces.
This property is listed by Matthew Mika or matt.mika@compass.com.
Matthew Mika
Agent at Compass
