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Investor Special: High-Yield 2-Bed Condo in Lincoln Square / Budlong Woods. Maximize your real estate portfolio with this turnkey, cash-flowing 2-bedroom, 1-bathroom condo at 5335 N California Avenue. Located in a highly desirable, well-managed building with no rental cap, this property offers an immediate, hassle-free income stream. Financial & Investment HighlightsInstant Cash Flow: Currently rented at $1,800/month.Flexible Tenancy: Reliable tenant is on a month-to-month lease and wishes to stay. Investor-Friendly: Most units are investor-owned with no rental restrictions. Low Overhead: Monthly assessment covers almost all major utilities and upkeep. As-Is Sale: Priced perfectly for a straightforward, efficient transaction. Building & Property FeaturesAll-Inclusive Assessment: Includes heat, hot/cold water, exterior maintenance, and common insurance.Parking Included: Comes with one rare, assigned parking space. Upcoming Capital Upgrade: Elevator modernization project is fully contracted and starting soon. Strong Management: Professionally managed, well-maintained building. Unbeatable Location Amenities Healthcare Hub: Just minutes away from Swedish Covenant Hospital. Public Transit: CTA bus stop sits directly in front of the building.Daily Conveniences: Steps to Tony's Fresh Market grocery store and local parks. CASH deals only due to the current elevator court violations. The elevator is going thru the modernization process and it should be completed by early 2027. No special assessments for the elevator, the HOA has the necessary funds to complete the project
| Address |
5335 N California Avenue
Unit #304 Chicago, IL 60625 |
| Listing Status | Active |
| Asking Price | $185,000 |
| Special Listing Conditions | None |
| Parking Included in Price | Yes |
| Offered for Sale or Rent | No |
| Property Type | Residential |
| Rooms | No additional rooms |
| Square Footage | 875 sq ft (Landlord/Tenant/Seller) |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Total Rooms | 5 |
| Assessor Square Feet | 850 |
| Interior Features | Elevator, Storage |
| Appliances | Range, Refrigerator |
| Disability Access | No |
| Basement | None |
| Basement Bathroom | No |
| Year Built | 1958 |
| Built Before 1978 | Yes |
| Rehabbed | No |
| Rebuilt | No |
| New Construction | No |
| Property Style | Attached Single |
| Stories | 5 |
| Unit Floor | 2 |
| Units in Building | 42 |
| Exterior Materials | Brick |
| Foundation | Concrete Perimeter |
| Total Parking Spaces | 1 |
| Parking Features | Assigned, Yes |
| HOA Fee | $378.00 per month |
| HOA Fee Includes | Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal |
| Special Assessments | Unknown |
| Association Amenities | Coin Laundry, Elevator in Residence, Storage |
| Management Company | LT MANAGEMENT |
| Management Contact | MANAGER |
| Management Phone | 773-728-0501 |
| Board Number | 8 |
| Pets Allowed | Cats OK, Dogs OK |
| Maximum Pet Weight | 30 |
| Owner May Rent Unit | Yes |
| Water Source | Lake Michigan |
| Sewer | Public Sewer |
| Heating | Steam |
| Cooling | Wall Unit(s) |
| Neighborhood | CHI - Lincoln Square |
| Township | Jefferson |
| Directions | Foster to California N to Home |
| Middle School District | 299 |
| High School District | 299 |
| Tax Exemptions | None |
| Ownership | Condo |
| Possession | Negotiable |
| Broker Owned or Interest | No |
| General Information | None |
| Currently Leased | No |
| County | Cook |
| Tax PIN | 13122190681019 |
| Property Tax | $3,109 for the year 2025 |
| Street Locator |
North of Chicago Avenue North of Division Street West of La Salle West of Michigan Avenue North of North Avenue North of Roosevelt Road |
| Distance to L | 0.9 miles · Francisco |
| Distance to Starbucks | 0.2 miles · Starbucks, 5140 N California Ave |
| Distance to Lake Michigan | 2.3 miles |
| Corporate Limits | Chicago |
| Platform | MRED |
| MLS Number | MRD12650474 |
| Courtesy of | Onix Realty, Inc. |
https://www.chicagotopcondos.com/MRD12650474
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