5324 N Kimball Avenue

Chicago, IL
$ 1,675,000 Beds 3 Baths 0
Monthly Estimate* How much can I afford?

The subject property is a 13-unit brick, walk-up building located near the intersection of Kimball Ave. and Foster Ave. in the Albany Park neighborhood of Chicago. The current unit mix consists of Ten (10) - 1 Bed/1 Bath and Three (3) - 2 Bed/1 Bath apartments with separate formal dining rooms. Recently, three of the units were extensively renovated with updates that included new kitchens (cabinetry, countertops, tile work, appliances), updated bathrooms (vanity, sink, faucet, toilet, tile work, and finishes), hardwood flooring throughout and trim work. Additionally, all the windows were replaced, and the rear porches were replaced in 2015. This is an excellent opportunity for an investor to acquire a multifamily property with significant value-add potential. The current rents are averaging at least 20% below market, which offers the opportunity to raise the current rents to market and operate the property as-is. A buyer may also choose to convert the dining rooms into second bedrooms, which would enhance the unit layouts for a significant yield increase.

Contingent

  • Price
  • $ 1,675,000
  • Lot Size
  • Bedrooms
  • 3
  • Full Bathrooms
  • 0
  • Year Built
  • 1931
  • Half Bathrooms
  • 0
  • City, Zip
  • Chicago
  • Taxes
  • 15899
  • County
  • COOK
  • Style
  • Area
  • CHI - North Park
  • MLS#
  • 10796299
  • Zip
  • 60625
Listing Provided by: Keller Williams Chicago-Lincoln Park

Features

General

Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active Under Contract
Zoning MULTI

Exterior Features

Exterior Brick
Lot Dimensions COMMON

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Rochelle, IL office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% 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.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/27/2020 Listed $1,675,000

Property vs Zip Code Average in 60625

Price
AVG $450K
$1.68M
Taxes
AVG $6,479
$15,899
Visits
AVG 40
46
Year Built
AVG 1945
1931
Walkscore
AVG 90
71
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

5324 N Kimball Avenue Chicago, IL is a Single Family Home for sale at $1675000 and a lot size of Acre(s). 5324 N Kimball Avenue Chicago has 3 bedrooms, 0 baths and was built in 1931. The property's zip code is 60625 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.