Chicago, IL 60639 5614 W Grand Avenue
$834,900



24 more

























Presented By: Duarte Realty Company
Home Details
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!
Presented By: Duarte Realty Company
Interior Features for 5614 W Grand Avenue
Bedrooms
Bedrooms Possible9
Total Bedrooms9
Bathrooms
Full Baths Building6
Half Baths Building
Total Baths6
Other Interior Features
BasementNone
Total Number of Units3
General for 5614 W Grand Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyCook
DirectionsCorner of Grand and Central
Electric Expense340
Elementary School District299
Fuel Expense
Gross Income79200
HeatingNatural Gas
High School District299
Insurance Expense2472
MLS AreaCHI - Belmont Cragin
MaintenanceExpense
Middle/Junior School District299
Net Operating Income61363
New ConstructionNo
OwnershipFee Simple
PossessionClosing, Negotiable, Tenant's Rights
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount12069
Tax Year2023
Total Rooms18
TownshipJefferson
Trash Expense0
Water Sewer Expense2956
Waterfront Y/NNo
Year Built2022
Exterior for 5614 W Grand Avenue
Lot Dimensions26X125
Parking FeaturesAssigned, Off Alley, On Site, Owned
Total Parking3
Water SourceLake Michigan, Public
Additional Details
Price History
