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$ 1,475,000
Est. payment | /mo
4,662 SqFt
$ 1,475,000
Est. payment | /mo
4,662 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,662 sqft
Price per Sqft $316
MLS Listing ID 12093059
Maintenance Fees $3,500
Year Built 1896
Annual Tax Amount $24,824
Tax Year 2023
Lot Dimensions 3000
Property Description
Presenting a fantastic investment opportunity in the heart of Wicker Park! This stunning 3-story brownstone features six fully leased flats, providing immediate rental income. The property offers two avenues to increase value. There is both add value potential, and the ability to increase rents with most of these units currently well under market. The building boasts classic architectural details and is well-maintained, ensuring long-term value and appeal. The property level is dug out around the building, making both garden units true English gardens with full-sized windows and doors complete with outdoor patios. Both 1R and 2R have outdoor decks. Both units on the first floor are large open units with renovation potential. The two duplex units on the second floor have plenty of upward mobility being both ready for renovation and well under market. Additional income streams from this property include potential for three outdoor parking spots as well as four coin-operated laundry machines. Lastly, some units have been updated with stainless steel appliances and granite countertops (not pictured). Being located in the heart of Wicker Park, one of Chicago's most desirable neighborhoods, makes it easily walkable to a plethora of restaurants, cafes, shops, grocery stores, nightlife, parks, the highway, CTA public transportation, as well as the 606 bike trail. Whether you're looking to expand your investment portfolio or embark on a new development project, this property offers immense potential. Don't miss out on this exceptional opportunity in one of Chicago's most vibrant neighborhoods, Wicker Park!
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tom Barnes • Sol Properties Chicago Inc
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Sarah Leonard
Broker | Owner