5403 S Ashland Avenue
Chicago, IL 60609

Mixed Use
Sq. Ft.
Acre Lot
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%
Mixed Use, Other
0.13 Acres
School Rating Out of 10
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Courtesy: Goldbay Advisors Inc.
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