Technical
Financial
Distress signals
Property profile

5805 Merrimac Ave Chicago, IL 60646

OFF-MARKET
Residential income homes
Property ID
US28-2459656
2,044 SF 0.09 ac lot Built 1958
Individually Owned Free & Clear
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Property summary

AI-generated overview

A brick, two-unit residential building configured as two separate apartments. Each unit features six rooms including two bedrooms, a formal dining room, a large eat-in kitchen, and a family room off the kitchen, along with one full bathroom. Interiors include plaster walls and cove ceilings, hardwood floors, and each unit includes ample storage. The first-floor kitchen has been remodeled. The building has newer windows, with separate heating and air conditioning systems for each unit that are approximately 10 years old. The shingle roof is also approximately 10 years old. A finished basement extends beneath the building and includes a kitchen, wet bar, powder room, and workshop space. Exterior features include an oversized two-car garage, a yard with a patio, and an underground sprinkler system. The property is offered in an as-is condition.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,044 SF
Lot 0.09 ac (3,720 SF)
APN 13-05-312-020
UPID US28-2459656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5805 Merrimac Ave Chicago, IL 60646-5324
Chicago metro Census 100100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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