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About the Listing 28116 - 89665,89331
EXCELLENT INVESTMENT OPPORTUNITY IN CHICAGO'S DESIRABLE PORTAGE PARK NEIGHBORHOOD! This well-maintained 6-UNIT BRICK BUILDING offers an attractive 7.48% CAP RATE and a strong combination of current income, desirable unit mix, and significant capital improvements. Built in 1964 and offering approximately 5,786 SQ FT, the property has been cared for by a LONG-TIME OWNER. The building features FIVE 2-BEDROOM / 1-BATH UNITS and ONE 1-BEDROOM / 1-BATH UNIT, with EACH UNIT FEATURING A DEDICATED DINING AREA. The property also includes 5 OFF-STREET PARKING SPACES in the rear-an important convenience for tenants and added value for an investor. Major improvements include REPLACEMENT WINDOWS, roof approximately 6 YEARS OLD ON THE EAST SIDE and 13 YEARS OLD ON THE WEST SIDE, a 6-YEAR-OLD BOILER, and 2-YEAR-OLD WATER HEATER. Interior improvements include 3 RENOVATED BATHROOMS and 1 RENOVATED KITCHEN. Located directly on IRVING PARK ROAD, residents enjoy convenient access to PUBLIC TRANSPORTATION, shopping, restaurants, neighborhood amenities, and nearby PORTAGE PARK. An attractive opportunity for an investor seeking a STABILIZED 6-UNIT PROPERTY WITH A 7.48% CAP RATE, established rental income, off-street parking, and important building improvements already completed. RARE PORTAGE PARK MULTIFAMILY INVESTMENT OPPORTUNITY!
Listing Highlights for 5848 W Irving Park Rd
Interior Details
- Appliances:
- Air Cond:
- Heating: Central Heat/Indiv Controls,Gas,Baseboard
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25 X 125
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $12,560
- Taxes w/Assessments: N/A
- Tax/Property ID: 13174230350000
- Tax Year: 2025
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Listing Location
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5848 W Irving Park Rd Chicago, IL 60634
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