$935,000
$950,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
SOLD DATE : 05/12/2023
Key Details
Sold Price $935,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11742040
Sold Date 05/12/23
Bedrooms 7
Maintenance Fees $2,000
Year Built 1913
Annual Tax Amount $15,484
Tax Year 2021
Lot Dimensions 35X150
Property Sub-Type Two to Four Units
Property Description
Come check out this Edgewater 4-flat located just a few blocks away from Lake Michigan! The property contains (2) 2br/1ba, (2) large 1br/1ba, & (1) 1br/1ba garden unit. Garden unit is currently paying $1,175/mo and that income is included in gross rental income. Owner nor broker represent the legality of the garden unit. Property is located in the North ADU Zone, allowing a new owner to legalize 5th unit and potentially add a sixth unit. (3) car parking garage in the rear as well as a backyard for the entire building. This is a perfect owner-user play or great for an investor to come rehab the units and capitalize on higher market rents!
Location
State IL
County Cook
Area Chi - Edgewater
Rooms
Basement Partial
Interior
Heating Natural Gas, Radiator(s)
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 3.0
Roof Type Flat
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 130 , 130, 130
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Bought with Tim Knipper • Jameson Sotheby's Intl Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "