5222 S Wells Street Chicago, IL $ 575,000
5222 S Wells Street
$ 575,000
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5222 S Wells Street

Chicago, IL, 60609
$ 575,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 3,822

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Multi-Family Home for sale in Chicago, IL

for $575,000 with 4 bedrooms. This home was built in 1890 on a lot size of 0.091093.

Introducing an exceptional investment opportunity in the heart of Chicago - a stately greystone 6-unit building that exudes pride of ownership. This remarkable property offers views of downtown from the third floor, while being conveniently located just minutes away from the vibrant dining and shopping scenes of both Bridgeport and Hyde Park. This building boasts tall ceilings that create a sense of spaciousness, complemented by tastefully updated kitchens and bathrooms in each unit. With a full, unfinished basement, there is potential for further expansion or customization to meet specific needs. These units are designed for modern living, providing a turnkey solution for both tenants and investors. Convenience is key, and this property includes parking in the back of the building. There is also opportunity to raise the rents for greater income. This greystone beauty is a rare find in a prime location! Pre-Approved buyers only - Owner will consider all reasonable offers.

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Multi-Family Contingent

Price

$ 575,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 1,856

Style

Multi-Family

Lot Size

0.091093

Year Built

1890

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12009188

Features
General
Utilities Water-Municipal
Possession Closing
Zoning MULTI
Year Built 1890
Tenant Pays Electricity Heat
Stories 3
Township Lake
Tax Year 2022
Current Use Multi-Family
Gross Income 5100
County Cook
Net Operating Income 45960
Operating Expense 16705
Insurance Expense 207
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Status Contingent
Directions 51ST ST TO WELLS S TO BLDG ON WEST SIDE OF EXPRESSWAY.
City Chicago
NumberOfUnitsTotal 6
MLS Area CHI - Fuller Park
Lot Size Square Feet 3968
Street Name Wells
Tax Annual Amount 1856.7
Electric Expense 142
Fuel Expense 175
Trash Expense 112
Water Sewer Expense 108
Additional Parcels Y/N N
Days on Market 12
Standard Status Active Under Contract
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Exterior
Lot Dimensions 34 X 124
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

offers@frankmontrohomes.com; offers@frankmontrohomes.com

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Affordability Calculator

$3,976
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,822
Monthly Property Taxes
$155
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$575,000 Listed Price

Map


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5222 S Wells Street, Chicago, IL, 60609 is a Multi-Family Home for sale at $575,000 with a lot size of 0.091093. 5222 S Wells Street has 4 bedrooms, 0.0 baths, and was built in 1890. The property's zip code is 60609 which is in Chicago, IL