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$379,988

For Sale - Active
5533 S Menard Ave, Chicago, IL 60638
2 Beds
2 Baths
1,000 Square Feet
0.00 Acres Lot
Built in 1951
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 13, 2025 at 03:35AM

Investment Summary


Monthly Cash Flow
-$804
Cap Rate
3.7%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.00 Acres Lot
Built in 1951
For Sale - Active
Units n/a

GARFIELD RIDGE RESIDENTS COME TAKE A LOOK AT THIS WONDERFUL RAISED RANCH THAT SITS ON AN OVERSIZED CHICAGO LOT WITH A CONCRETE DRIVEWAY. THE HOME OFFERS 3 BEDROOMS 2 FULL BATHROOMS AND FULL FINISHED BASEMENT FOR ALL YOUR ENTERTAINMENT NEEDS. HOUSE IS IN MOVE IN READY CONDITION THAT IS WITHIN WALKING DISTANCE TO SCHOOLS, PARKS, EXPRESSWAYS, RESTAURANTS AND LOCAL SHOPPING. MIDWAY SOUND PROOF WINDOWS, NEWER ROOF.

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Concrete, Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

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

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1917204014
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Bungalow
  • Year Built: 1951

Tax Information

  • Annual Tax: $4,879

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Sebastian Kupiec
Wilk Real Estate
(815) 230-5356

Source:
Midwest Real Estate Data (MRED)
MLS#: 12365295
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$804
Cap Rate
3.7%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$379,988
Amount financed:
-$303,990
Down payment:
$75,998
Closing costs:
$11,400
Rehab costs:
$0
Initial cash invested:
$87,398
Square feet:
1,000
Cost per square foot:
$380
Monthly rent per square foot:
$2.30

Financing Details

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Loan amount:
$303,990
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,984
Property tax:
$407
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,552

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$407-$4,879
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$982-$11,779

Cash Flow


Monthly Yearly
Net operating income:
$1,180 $14,160
Mortgage payments:
-$1,984 -$23,808
Cash flow:
$804 $9,648