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$750,000

Under Contract
5125 N La Crosse Ave, Chicago, IL 60630
8 Beds
4 Baths
0 Square Feet
0.00 Acres Lot
Built in 1924
Under Contract
2 Units
Checked: 12 hours ago
Updated: Jul 19, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$2,568
Cap Rate
1.6%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-13.3%

Property Description


0.00 Acres Lot
Built in 1924
Under Contract
2 Units

Drop in showing this Sunday (7/13/25) from 12:00 PM to 2:00 PM - don't miss this fantastic opportunity! Incredibly spacious and unique 2-flat with additional finished basement (in law unit), situated on an oversized 50' wide lot in the highly sought-after Jefferson Park/Forest Glen neighborhood. This property lives like a massive single-family home and offers tremendous versatility and income potential. The main level boasts 3 generously sized bedrooms and 2 full bathrooms, including a recently renovated bath. Enjoy a bright and airy open-concept living and formal dining area, plus a fully updated kitchen featuring 42" cabinets, granite countertops, a large island, washer and dryer hook up, and stainless steel appliances. This property also boasts a sun-filled sitting room providing additional lounging space. The large primary bedroom offers excellent closet space. Upstairs, you'll find a bright and modern 3-bedroom, 6-room apartment with its own private entry, an oversized primary bedroom with walk-in closet, updated kitchen, and full tile bath. Separate utilities and central A/C make it ideal for rental-easily generating $1,800+ per month. The full finished basement offers flexible living quarters with a full bath, second kitchen, spacious living area, laundry, and an additional room that can serve as a bedroom, office, gym, or more. Basement space can be duplexed with the first floor or used as its own unit. Additional highlights include beautiful hardwood floors throughout, majority of windows are new and just installed within the last year, flood control system, freshly painted deck, and a charming side yard and rear deck. This is a rare opportunity-homes on double lots like this don't come around often. Endless possibilities for investors or owner-occupants!

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Location


Property Details


Parking

  • Description: Detached, Garage Door Opener(s), Transmitter(s), Garage, Garage On-Site
  • Details: Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 8

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 17
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Apartments (general)

Lot Information

  • Parcel ID: 1309404008
  • Lot Size: 0 sqft

Property Information

  • Property Type: Multi Family
  • Style: Bungalow
  • Year Built: 1924

Tax Information

  • Annual Tax: $8,922

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air

Location

  • County: Cook

Listing Details


Listed by:
Julianna Gil
Gil & Gil Group Corp.
(773) 815-5154

Source:
Midwest Real Estate Data (MRED)
MLS#: 12396676
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$2,568
Cap Rate
1.6%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-13.3%

Purchase Details

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Purchase price:
$750,000
Amount financed:
-$600,000
Down payment:
$150,000
Closing costs:
$22,500
Rehab costs:
$0
Initial cash invested:
$172,500
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$600,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,549
Property tax:
$744
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,468

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (30%)
30%-$744-$8,922
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (55%)
55%-$1,369-$16,422

Cash Flow


Monthly Yearly
Net operating income:
$981 $11,772
Mortgage payments:
-$3,549 -$42,588
Cash flow:
$2,568 $30,816