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6050 N Washtenaw Avenue Chicago, IL 60659 Multi Unit - Multiple Active

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Description

Unique opportunity to own a five-unit multifamily building at 6050 N. Washtenaw in the desirable West Ridge neighborhood. This income-producing property features three spacious 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Recent capital improvements include a newer roof and newer tuckpointing, offering added value and peace of mind. Tenants pay their own gas and electric, helping to minimize owner expenses. The property also includes a 2-car garage, an additional parking pad, and ample storage throughout the building. Until the two 1-bedroom tenants moved out, it was generating approximately $7,050 in monthly rental income, with an annual gross income of $84,600, this is an outstanding opportunity for investors looking to add a solid, well-maintained asset to their portfolio.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
Baird & Warner 773-326-6500
MRED MLS
$900,000
Est. $6,006/mo
Active
BEDS0 BATHS MLS#12702214
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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Ruhl&Ruhl Realtors
563.441.1776

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6050 N Washtenaw Avenue, Chicago, IL 60659.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $900,000$900,000$900,000
Down Payment $180,000$31,500$225,000
Monthly Mortgage Amount $4,492$5,441$5,605
Taxes $1253$1253$1253
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$540$0
Monthly Estimated Total $6,006$7,495$7,119

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