Chicago, IL 60641 5400-08 W George Street

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Presented By: Coldwell Banker Realty
  • MLS# 12351354
  • 04/29/2025
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  • Beds • 6

Home Details

Well-kept 6 Units Multi- Family building in Belmont Cragin area. All six apartments are above the grade/ground (no basement units) on 1st and 2nd Floor And full unfinished open basement ready for ideas. There are Four larger 1 Bedrm units with formal Living Rm & separate Dining Rm w/ closets (other similar buildings have converted into 2 bedrm units) and Two units a bit smaller. Original hardwood floors and nice woodwork throughout the whole building. Recent improvements per the owner: New furnace (2024). All windows (Appx. 2012). Roof was replaced (Appx. 2007) and maintained with silver coating. Full unfinished open space basement with mechanical room, laundry room - newer washer and dryer recently installed, plenty of storage spaces for all tenants. Tenants pay for their own electricity bill and cooking gas costs. Current rents ranging from $ 1,100 - 1,290. Some leases expire in 2025 and a few till 2026. Few units are still occupied by longer term tenants and right away with upside income potential ***
Presented By: Coldwell Banker Realty

Interior Features for 5400-08 W George Street

Other Interior Features

BasementUnfinished, Exterior Entry, Storage Space

General for 5400-08 W George Street

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
Current UseMulti-Family
DirectionsGo South on Central Ave and left to W George St to the building 5400
Electric Expense277
Fuel Expense5738
Gross Income83880
Insurance Expense3550
MLS AreaCHI - Belmont Cragin
MaintenanceExpense
Net Operating Income59871
Number Of Units Total6
Operating Expense25929
PossessionClosing
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition, Rubber
Standard StatusActive
StatusNew
Stories2
Tax Annual Amount10979
Tax Year2023
Tenant PaysElectricity, Other
TownshipJefferson
Trash Expense1793
Water Sewer Expense2208
Year Built1929
ZoningMULTI

Exterior for 5400-08 W George Street

Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions39 X 126

Additional Details

Price History

Client Care

Price $879,999
MLS#12351354
List Date 04/29/2025
Property Type Multi-Family
Phone 847.485.2500
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