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$580,000   Price Analysis
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5800 S Bishop St
Chicago, IL 60636
13 bed 4 bath 3,700 SqFt ($156/SqFt)
Built 1914
Listed 2023-11-07, Taxes $1,505
Ⓧ USDA Ineligible
due to location

near Chicago

Beautiful turnkey 4 unit corner building.

* Has Contingent Offer *

Property was recently renovated and is currently stabilized with 4 tenants.!! Turnkey, nothing to do here, all of the heavy lifting has been done. This is a Large corner building, legal 4 unit located in Englewood. Excellent unit mix with 3 x 3 bedrooms and 1 x 4 bedroom. All separate utilities, tenants pay their own utility bills. Newly built parapet walls and updated masonry, Brand new electric hot water tanks, All Individual furnaces in place. Updated Laundry room in basement. 2 newly renovated hallways with all new lighting, paint and carpeting.

4 brand new kitchens with all new cabinets, handles, marble backsplash, Quartz countertops, stainless steel appliances. Gut renovated bathrooms includes updated plumbing, shower walls and floors, vanity, medicine cabinet, accessory kits and lighting. Building has copper water pipes throughout, no old plumbing. Brand new hardwood flooring. Roof is in excellent condition. It is flat rubber roof that has been updated in 2023. All new lighting throughout the building. FHA buyers are welcome. This can be a fa ntastic investment property with its strong rent roll currently in place OR primary residence with the other 3 units paying the mortgage payment for you


Presented by Anthony Golob at
Halsted Taylor Real Estate.


Property MLS #11926147 from MRED

Bedrooms: 13
Bedrooms Possible: 13

Total Rooms: 16
Basement Features: Full
Basement Description: Unfinished

Total Bathrooms: 4
Full Bathrooms: 4

Yes

Heating Features: Natural Gas

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: 130
High School District: 130

Langford A Elementary School is a public elementary and middle school located approximately 0.3 miles away.
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Academy Of St Benedict The African is a private elementary and middle school located approximately 0.3 miles away.
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Lindblom Math & Science Academy High School is a public middle and high school located approximately 0.7 miles away.
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Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 7
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 5
Unit-1 Description: Unit 1
Unit-2 Description: Unit 2
Unit-3 Description: Unit 3
Unit-4 Description: Unit 4
Unit-1 Square Feet: 1050
Unit-2 Square Feet: 1050
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit 1 Total Actual Rent: 1400
Unit 2 Total Actual Rent: 1500
Unit 3 Total Actual Rent: 1300
Unit 4 Total Actual Rent: 1300

Annual Tax Amount: 1752.00
Source Listing Status: Active Under Contract
County: Cook
Directions: East of S. Ashland, West of S. Racine Ave, South of W. Garfield and North of W. 59th Street.
Tax Year: 2021
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 20171260120000
Township: Hyde Park
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$8,788 + $2,031
$10,819
$1,505
2020$13,639 + $2,031
$15,670
$3,490
2019$15,981 + $2,031
$18,012
$3,618
2018$15,981 + $2,031
$18,012
$3,557
2017$17,928 + $1,875
$19,803
$4,262
2016$17,928 + $1,875
$19,803
$3,966
2015$17,928 + $1,875
$19,803
$3,628
2014$16,421 + $1,718
$18,139
$3,365
2013$16,421 + $1,718
$18,139
$3,299
2012$16,421 + $1,718
$18,139
$3,254
2011$19,392 + $2,187
$21,579
$3,496
2010$19,392 + $2,187
$21,579
$3,511
2009$21,282 + $2,187
$23,469
$3,659
2007$19,815 + $3,624
$23,439
$3,328
2006$19,815 + $3,624
$23,439
$3,364

Listed 2023-11-07
$580,000
MRED
Listing removed 2023-09-18
$540,000
MRED
Listing removed 2023-08-04
$540,000
MRED
Price Changed 2023-07-07
$540,000
MRED
Listed 2023-04-07
$575,000
MRED
Sold 2023-01-03
$345,000
Public Record
Sold 2015-11-10
$200,000
Public Record
Sold 2013-04-30
$51,500
Public Record
Sold 2006-03-22
$390,000
Public Record
Sold 2001-02-08
$45,000
Public Record
Sold 1997-02-24
$32,000
Public Record
Sold 1983-11-29
$50,000
Public Record

Net Operating Income: 47496

Year Built: 1914
Foundation Details: Block, Brick/Mortar, Concrete Perimeter
Property Age: 110
Roof: Rubber

Sewer: Public Sewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.