5310 Eddy StChicago, IL 60641

For Sale
$549,900

Prime Chicago multifamily investment. High ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This well-maintained, two-unit apartment building in Chicago's desirable Cook County (60641 zip code) presents a compelling investment opportunity. Built in 1963, this Class A property boasts 2,250 square feet on a 3,877 square foot lot, offering 2.5 parking spaces. The building features original masonry construction with attractive old-world details including lath and plaster, cove ceilings in the living and dining rooms, and hardwood floors throughout. Each of the two units benefits from newer gas hot water heating units and hot water heaters, discreetly recessed into the walls. Unit dimensions include living rooms (18 x 12.5 ft), kitchens (12 x 11 ft), dining rooms (11.5 x 10.5 ft), and bedrooms (12.5 x 11 ft and 11 x 10 ft). The property includes enclosed front and rear stairs and a full basement with a large basement room (33 x 23 ft), a smaller front basement room (23 x 11 ft), toilet, plumbing, and laundry facilities. Currently at 50% occupancy, with an occupancy date of January 23, 2024, this conforming zoned property offers significant upside potential. The asking price is $549,900 ($274,950 per unit), translating to $244.40 per square foot. This owner-user investment is a rare find in the competitive Chicago market.

Property Details for 5310 Eddy St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,250 SF
Class
A
Year Built
1963
Stories
2
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.94505423
Longitude
-87.75993318
5310 Eddy St, Chicago, Illinois

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5310 Eddy St
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