5677 W Higgins Avenue Chicago, IL 60630
Sold: 950000
/ MLS# 12500488 / Multi Unit - Multiple / Chicago
8 Beds

has been exclusively engaged to market for sale 5677-79 W. Higgins Ave., a center-entrance jumbo 4-unit apartment building in Chicago's Jefferson Park neighborhood. The offering presents a tremendous opportunity for a rehabber/developer to acquire a project-ready asset in one Chicago's most highly sought-after northwest side neighborhoods. Notably, the Subject Property will be delivered vacant at closing - allowing an investor to start project work immediately upon closing. The Subject Property is comprised of four (4) spacious 2 Bed/1 Bath units, each featuring a large separate living and dining room. Typical floor plans are provided in the Additional Information section at the end of the offering memorandum. Recent capital improvements include a replaced sanitary line, a newer electrical service, replaced windows, a newer high-capacity common hot water heater, copper plumbing supply lines to all units, and PVC waste pipes from all units. The property also features a well-maintained, covered, rear porch and includes a large four (4) car brick garage. The offering presents an excellent opportunity for an investor to capitalize on the prior owner's significant capital investment across many of the major building systems - effectively reducing the project costs towards delivering a new construction-like asset in a neighborhood where renter demand for high-quality newer housing is exceptionally strong.

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Estimated Payment

$ 3,453.79 per month $2,166.67 Principal & Interest $1,002.75 Property Tax $284.38 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Garage: 4
Heating: Steam
Lot Size: 0
Taxes: $12,033
Year Built: 1925
Buyer Represented By: Thomas Shallcross , GC Realty and Development
Listing Provided By: Essex 312, LLC

Feature Descriptions

Lot Dimensions: 50'X125'
Parcel#: 13084250430000
Parking: Yes, Detached, Garage
Sewer: Public Sewer
Total Rooms: 24
Township: Jefferson
Water: Public

Schools

School District: 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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Listing Office: Essex 312, LLC

Listing Office Phone: 773-305-4858



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