Long time owner has decided it is time to sell this stately 6 unit Graystone building in the heart of Little Italy. Each unit has its own forced air heating & hot water tank. Building consists of 3 spacious front facing units with great ceiling height & consist of Living room, dining room, kitchen & 2 bedrooms. 3 rear units feature 4 rooms with living room, kitchen & 2 bedrooms. Unfinished basement features Storage area for owner, separate storage lockers for tenants, 1 washer & 1 dryer. Parapit walls have repaired over the past couple of years. Great tree lined street & close proximity to UIC, Restaurants on Taylor street, Rush Medical, Loop, Public Transportation and all the city has to offer. Wonderful investment opportunity !!!!
Little Italy, located between the University of Illinois Chicago campus and the West Loop, is a historic and walkable Chicago neighborhood with classic brick flats and a restaurant-lined main drag. The neighborhood’s character concentrates along Taylor Street near Racine Avenue, where old-school Italian eateries, espresso counters, and corner bakeries keep the sidewalks busy. Community pillars include the National Italian American Sports Hall of Fame, the Italian American Museum of Chicago, and Rosebud on Taylor. Tree-lined blocks mix greystones, two-flats, and newer mid-rises, giving the streetscape a layered look. Arrigo Park and the surrounding courts add a daily rhythm of pick-up games and festivals. CTA Blue Line access at UIC-Halsted links the area to downtown and O’Hare.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Unfinished basement
Bedrooms
Units with 2 bedrooms
Bathrooms
Units with 1 full bathroom
Kitchen
Multiple ranges (total of 6 across property)
Laundry & utility
On-site washers (1 total)
On-site dryers (1 total)
Washer/dryer not leased
Heating & cooling
Central heat with individual controls
Forced air gas heating
Window air conditioning units
Exterior features
City street frontage
Lot dimensions approximately 24 x 111
Home design
Multi-family building (5+ units)
Individual ownership
Leased tenancy
Parking
No on-site outdoor parking; street parking available
Construction
Brick and stone construction
Built before 1978
Utilities
Electric with circuit breakers
Financial info
Total of 6 units
Gross income approximately $97,200 per year
Total monthly rental income about $8,100
Reported monthly rents per unit range roughly $1,200–$1,450
Gross rent multiplier around 12.3
Other
Parcel number 17173040060000
Zoning: MULTI
Electricity and solar
View estimated energy costs and solar savings for this home
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 12 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60607
Average low and high temperatures (°F)
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62
45
68
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81
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85
72
81
68
79
64
68
53
52
40
38
24
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Feb
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Apr
May
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Sun exposure
51/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
5.4 hrs
2.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1445 W Lexington St
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