5260 West Adams Street, Chicago, IL

About 5260 West Adams Street

***Rent Roll Available in Additional Info*** Rent amount is great now, but can be higher (CHA allows landlords to apply for higher rent). Come check out this Investor-friendly multi-family unit building with 7 units for sale. The building consists of six spacious and bright 3 bed 1 bath units & one 4 bed 1 bath unit with generous living square footage and ample closet space. Current occupancy rate of 100% of the capacity making it a secure investment of your hard earned money. Each unit has its own water heater and furnace, all up to date and working well. The occupied units are with CHA tenants, except for one (non-CHA tenants have been living in the building for 20+ years) ensuring consistent cash flow every month. ***Gross income - $9651 NET operating income: $4700/month!!!!*** This is a brick building on the outside with a detached 2-car garage and several remodeled units on the inside featuring recently restored and varnished hardwood floors in four of the units, life-proof, waterproof laminate flooring throughout the rest, freshly painted and move-in ready. One apartment in original condition because tenants have been living there for 20+ years. The roof of both the building and the garage have also been restored in August, 2023 (before and after photos available upon request).

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