Address
Not Disclosed, Chicago, IL
Price
$ 2,349,000
Property Attributes
  • MLS#11386829
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Irving Park
  • Zip60618
  • Style
  • Year Built1929
  • Taxes$ 26438
  • Price$ 2,349,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

This opportunity is a stabilized brick, 17-unit mixed-use property in very good condition. It is located in the Irving Park neighborhood of Chicago. 14 of the 16 units are apartments with two commercial units located steps off of Irving Park Road. One (1) commercial space is duplexed up into a one (1) bedroom apartment. The total current unit mix is (1) 2-bed / 1-bath unit. (11) 3-room 1-bed / 1-bath units, (2) 4-room 1-bed / 1-bath units and (2) commercial spaces. A new owner can add value by either raising rents in current condition to market rate or through cosmetic renovation of the apartment units.

Price History
4/27/2022 Listed $2,400,000
5/24/2022 3% - $2,349,000

General Features

Additional Parcels Y/N No
City Chicago
Construction Materials Brick
Contingency Attorney/Inspection
Cooling Window Unit(s)
County Cook
Days on Market 71
Directions Property is located on the north side or Irving Park Rd, just East of Albany Ave.
Electric Expense 1155
Fuel Expense 9554
Grossincome 215820
Insurance Expense 7500
MLS Area CHI - Irving Park
Maintenanceexpense 5803
Net Operating Income 118114
Operatingexpense 88853
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active Under Contract
Status Contingent
Stories 3
Street Name Irving Park
Tax Annual Amount 26438
Tax Year 2020
Tenant Pays Electricity, Other
Total Units 17
Trash Expense 1800
Water Sewer Expense 10009
Year Built 1929

Interior Features

Street Suffix Road

Exterior Features

Buyerofficefax (847) 713-4892
Lot Dimensions PER SURVEY

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60618

Price
AVG $690K
$2.35M
Taxes
AVG $9,087
$26,438
Visits
AVG 55
27
Year Built
AVG 1955
1929