5445 N MAGNET Avenue, Chicago, IL 60630

This updated income property offers a 2-flat configuration with an additional basement unit described as non-conforming. The first and second floors each include two bedrooms, with a tandem-style additional bedroom on the first floor. The basement is laid out as a four-room, two-bedroom apartment. The home is described as all electric, with electrical, plumbing, and HVAC systems updated approximately 8 years ago, along with some kitchen and bathroom updates.

Set on the property is a nice yard and a 2-car garage. Income is currently being generated from multiple sources: the non-conforming garden unit rents for $1,250 per month and includes all utilities. The first-floor unit rents for $1,800 per month, pays its own utilities, and receives a $100 credit for basement utility use so it nets $1,700. The second-floor unit rents for $1,595 and pays its own utilities. The garage is rented for $300 per month on a month-to-month basis. Total income is listed as $4,845 per month and $58,140 gross annually.

For buyers seeking a multi-unit residential income setup, this property provides three separate rental streams with updated major systems and usable outdoor space plus enclosed parking. The seller’s figures also note approximately $12,444 in expenses, resulting in a stated net income of $45,696, for a reported 7.74% return.