FOR SALE
$379,900

5403 S Ashland Avenue
Chicago, IL 60609

Mixed Use
Residence
7,000
Sq. Ft.
0.13
Acre Lot
1of
Photos
Map
Courtesy: Goldbay Advisors Inc.
Last Updated: 7/22/2019 3:23 PM
100% occupied, 11.48% cap rate, fully rehabbed, turn key investment opportunity! Four units total. Two residential apartments with the following unit mix: (1) 5 Bed / 1 Bath; (1) 3 Bed / 1 Bath. Two commercial spaces with the following tenants: (1) 1,700 SF Retail space leased to a church; (1) 1,700 SF Retail space leased to banquet hall. The units were gut rehabbed in 2006. Separately metered units. Each tenant pays their own utilities. All of tenants are on month to month leases and have been at the property for over two years. Total Passing Vehicle Volume 35,500. Vehicle Volume By Each Direction of Traffic North Bound: 17900 / South Bound: 17600. Gross Income: $62,400 Annual Estimated Expenses (30% of GI): $18,804 Net Operating Income: $43,596 Cap Rate: 11.48%
10395802
Mixed Use, Other
Cook
1908
0.13 Acres
School Rating Out of 10
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

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Courtesy: Goldbay Advisors Inc.
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