1503 West George Street is a 3 unit brick apartment building in Lakeview. The property features large renovated apartment units with laundry in-unit, quartz countertops, stainless steel appliances, new white kitchen cabinets, and central heat and air. Current tenants leased through summer 2019 - first tenants to live in these units post renovations (renovations complete in 2018). Building has brand new rear porches, copper plumbing, individual furnaces with AC and individual water tanks, and 200 amp electric service to the building. Diversey CTA station is within 0.7 miles of the property. This property provides an investor with a prime opportunity to obtain a completely renovated and stable property in a great neighborhood with a large and consistent rental market.
Multi-familyProperty Type
1891Year Built
6,098 sq ftLot Size
Listed by Brant Booker• Jameson Sotheby's Intl Realty
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
6,200 Sq. Ft.
Year renovated
—
Sq. Ft.
2,040
Year built
1891
Style
Multi-Family (5+ Unit)
County
Cook County
APN
14291240270000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 26, 2023.
RT-3.5
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 area 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
Housing-Multiple units
Housing-Senior
Housing-Other
Educational/school
Fire house
Library
Cemetery
Park & open space
Property details
Interior
Bedroom Information
# of Bedrooms: 9
# of Bedrooms (Above Grade): 9
Bathroom Information
# of Baths (Full): 6
Additional Rooms Information
Full Basement
Finished Basement
Heating & Cooling
Gas Heating, Individual Heating Controls
Multi-Family Information
3 Bedroom Unit(s) in Building
Unit 1 Information
# of Rooms: 5
# of Beds: 3
# of Baths (Full): 2
Total Sq. Ft.: 1200
Floor #: 1
Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Oven/Built-in
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: $2,900
Lease Expiration Date: 6/20
Unit 2 Information
# of Rooms: 5
# of Beds: 3
# of Baths (Full): 2
Total Sq. Ft.: 1200
Floor #: 2
Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Oven/Built-in
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: $2,900
Lease Expiration Date: 7/20
Unit 3 Information
# of Rooms: 5
# of Beds: 3
# of Baths (Full): 2
Total Sq. Ft.: 1200
Floor #: 3
Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Skylights/Windows, Oven/Built-in
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: $2,900
Lease Expiration Date: 6/20
Exterior
Building Information
# of Units: 3
Built Before 1978
Recent Rehab (Y/N): Yes
Age: 100+ Years
Brick Exterior
Lot Information
Dimensions: 25X124.30
Less Than .25 Acre
Zoning: MULTI
Property Information
# of Rooms: 15
Ownership: Fee Simple
Rehab Year: 2018
Parcel Identification Number: 14291240270000
Financial
Financial Information
Tax: $21,807
Tax Year: 2018
Special Service Area: N
Total Rental Income: $104,400
Gross Rental Income: $104,400
Net Operating Income: $70,321
Finance Code: Cash
Utilities
Utility Information
Water: Public
Sewer (Public)
Location
School Information
Elementary School District: 299
Junior High District: 299
High School: Lake View High School
High School District: 299
Location Information
Township: Lake View
Corporate Limits: Chicago
Directions: 1 block east of Ashland on the south side of George St
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 2,040
Stories: 2.0
Lot Size: 6,200 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1891
Year Renovated: —
County: Cook County
APN: 14291240270000
Home facts updated by county records on Jan 26, 2023
Other
Expense Information
Gross: $12,152
Listing Information
Listing Agent Must Accompany
Possession: Closing
Holds Earnest Money: No
Seller Concessions: Yes
Seller Concessions Amount/Points: 4060
Around this home
Schools
Burley Elementary School
Public K-8 • Assigned • 0.3mi
8/10
Lake View High School
Public 9-12 • Assigned • 1.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over 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 • 60657
Average low and high temperatures (°F)
30
17
38
25
54
35
60
44
66
50
80
64
85
71
81
67
77
62
65
53
51
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.