Chicago, IL 60609 5222 S Wells Street

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Presented By: Keller Williams Preferred Rlty
  • MLS# 12009188
  • 03/20/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 4

Home Details

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.
Presented By: Keller Williams Preferred Rlty

Interior Features for 5222 S Wells Street

Other Interior Features

Street SuffixStreet

General for 5222 S Wells Street

Additional Parcels Y/NNo
CityChicago
ContingencyAttorney/Inspection
CountyCook
Current UseMulti-Family
Days on Market12
Directions51ST ST TO WELLS, S TO BLDG, ON WEST SIDE OF EXPRESSWAY.
Electric Expense142
Fuel Expense175
Gross Income5100
Insurance Expense207
Lot Size Square Feet3968
MLS AreaCHI - Fuller Park
MaintenanceExpense110
Net Operating Income45960
NumberOfUnitsTotal6
Operating Expense16705
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories3
Street NameWells
Tax Annual Amount1856.7
Tax Year2022
Tenant PaysElectricity, Heat
TownshipLake
Trash Expense112
UtilitiesWater-Municipal
Water Sewer Expense108
Year Built1890
ZoningMULTI

Exterior for 5222 S Wells Street

ExteriorBrick
Frontage TypeCity Street
Lot Dimensions34 X 124

Additional Details

Price History

Worth Clark

Price $575,000
MLS#12009188
List Date 03/20/2024
Property Type Contingent
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