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5415 W Augusta Blvd
Chicago, IL 60651
Multifamily Property For Sale · 4 Units

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INVESTMENT HIGHLIGHTS

  • Current rent is low for the area, so buyer can increase the rent and increase their income
  • Located near interstate access and commuter trains

EXECUTIVE SUMMARY

Meticulously maintained. Property was built as 2-flat, and later 2 additional studio apartments were added in the basement, so 4 all together at this time. Upstairs are two spacious units with open floor plans, hardwood floors, and 9' ceilings. Each upstairs unit offers a large kitchen with eat-in table space, separate living and dining rooms, and generously sized bedrooms with ample closet storage. 2nd floor unit has 3 bedrooms. Both above ground units include an enclosed back porch providing washer, dryer and a storage area. Additional highlights include a two-car garage, and a spacious backyard. Upstairs tenants are responsible for central heat and electricity, ensuring lower owner expenses. "Total annual income" is with the 3 units that are currently rented; the "Gross Income" would be the income with the 4th studio unit rented. Seller is leaving the 4th unit intentionally vacant for the buyer. Current rents are lower than the market rent in the area, so the property has increased income potential for the future. Located nearby to schools, parks, shopping, dining, and entertainment, and just 2 miles to downtown Oak Park. Close to interstate access, commuter trains, and bus routes.

PROPERTY FACTS Under Contract

Price Per Unit $147,941 CAD
Sale Type Investment
Cap Rate 5.45%
Gross Rent Multiplier 6.9
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.10 AC
Building Size 2,532 SF
No. Stories 2
Year Built 1908
Zoning RS-3 - Residential

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-04-317-014-0000
Land Assessment
$6,930 CAD
Improvements Assessment
$23,417 CAD
Total Assessment
$30,347 CAD
  • Listing ID: 36338256

  • Date on Market: 2025-06-20

  • Last Updated:

  • Address: 5415 W Augusta Blvd, Chicago, IL 60651

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