5-Unit Property in A+ Chicago Location

1242 W Winnemac Ave. Chicago IL 60640
  • $1,250,000
  • $250,000
  • / Unit

5-Unit Property in A+ Chicago Location

1242 W Winnemac Ave. Chicago IL 60640
Yearly Income $99,180
Yearly Expenses $39,650
Current Rents $99,180
Pro Forma Rents $144,040
  • 13
  • Bedrooms
  • 5
  • Bathrooms
  • 6436
  • Sq Ft
  • 1911
  • Year Built
  • 100%
  • Occupancy
  • 2
  • Parking
  • 2
  • Stories
  • Boiler Heat
  • Heating System
  • Central Air
  • Cooling System
  • 13
  • Bedrooms
  • 5
  • Bathrooms
  • 6436
  • Sq Ft
  • 1911
  • Year Built
  • 100%
  • Occupancy
  • 13
  • Parking
  • 2
  • Stories
  • Boiler Heat
  • Heating System
  • Boiler Heat
  • Cooling System

About the property

All brick, legal 5-unit building located in the highly sought after Andersonville neighborhood of Chicago. The property sits on an oversized Chicago lot allowing for larger than usual floor plans of the units. The property consists of two 3-bedroom units and three 2-bedroom units. Newer windows and newer sewer line from property to the street. Kitchens, bathrooms, and boiler were all updated in 2022.

About the neighbourhood

  • From an investor's perspective, Andersonville's commercial sector presents exciting opportunities. The neighborhood is known for its vibrant business community, with a diverse range of local shops, boutiques, and specialty stores lining the streets. These businesses create a unique and welcoming shopping experience, attracting residents and visitors from all over Chicago. Additionally, Andersonville hosts a variety of festivals and events throughout the year, further enhancing its appeal. With its unique character, thriving local economy, and strong community engagement, Andersonville presents an attractive opportunity for investors seeking a vibrant neighborhood with significant growth potential.

Municipality - Investor Guide

Chicago
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: YCost: YesRequired: NoRequired: Yes
Seller: YCost: YesCost: $0Cost: Varies
Notes
All rental buildings with 4 or more units must be registered with the city; Inspection may occur upon notice from Building Department. Call City to confirm if inspection is needed prior to closing.

For a list of all Municipality requirements visit our Municipality Requirements Page

Property Documents

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Utility Table

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Walkscore

Nearby

Arts & Entertainment
American Montessori Academy Andersonville (0.07 mi)
Exceptional 5 reviews
The Good Shephard Beauty Supply (0.11 mi)
Exceptional 1 reviews
Qideas (0.13 mi)
Exceptional 38 reviews
Education
American Montessori Academy Andersonville (0.07 mi)
Exceptional 5 reviews
Learn Better With Us (0.14 mi)
Exceptional 1 reviews
Goudy Public School (0.23 mi)
Exceptional 3 reviews
Food
L & R Foods & Liquor (0.11 mi)
0 reviews
Kv Grocery (0.12 mi)
0 reviews
Hong Xuong Bakery (0.15 mi)
Good 8 reviews
Health & Medical
Nina Beauty House (0.09 mi)
Good 17 reviews
Tony's Beauty Salon (0.1 mi)
Good 77 reviews
The Moon Massage Stretching (0.1 mi)
Exceptional 8 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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Property Pricing

Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.

Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.

Bid prices are subject to final seller confirmation. Seller confirmation is subject to a final buyer and seller signed contract.

Multiple bids from multiple parties may exist.

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