CAP Rate approaching 7%. Priced to sell. Wide 27.5 ft lot makes for spacious & airy units that are a pleasure to occupy. Beautifully renovated 1920's masonry building with duplex owner's unit on the top floor. This updated fourplex boasts beautiful white kitchens with stainless steel appliances on every floor, beautifully refinished original hardwood floors and trim, updated bathrooms, original stained glass windows, spacious bedrooms, and natural light pouring through the windows, including the garden unit. Units consist of one: large 1 bed/1 bath, two: 2 bed+den/1.5 baths, and a top floor well-appointed 3 bed/2.5 bath owner's unit with in unit laundry, an expansive walk-in closet, and a large rooftop deck perfect for relaxing or entertaining. Units are all separately metered with central heat/air and tenants share common laundry. Two car garage (Option for new owner to remove garage and pave area for 5 outdoor parking spaces for additional income. 2020 Tax Assessment reduced by 13.5%. One owner occupies the 4th floor unit at a fair market rent of $4000/mo and lease runs thru 6/30/21 (with a cancellation clause exercisable by the new owner with 30 day notice). Great location. Proximity to highway 90 / 94 Kennedy Expressway, Lake Shore Drive, Purple & Brown EL train stops, & CTA buses. Access to green and natural spaces: Weisman Playground with splash deck & public art, Lake front running & biking trail, Lake Michigan & its beaches, & Wiggly Field Dog Park. You and your tenants will enjoy local favorites: Nori Sushi, Andy's Thai Kitchen, Zizi's Mediteranian, Farm Bar, Crisp, Barcocina, DMK Burger Bar, Sapori Trattoria, Batter & Berries, & coffee from Panes Bread Cafe, Intelligentsia, & Bittersweet Pastry Shop. Must see.
*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
11
Baths
6.5
Stories
5
Lot width
—
Lot depth
—
Lot size
3,437 Sq. Ft.
Year renovated
—
Sq. Ft.
5,187
Year built
1924
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
14292210040000
Parking Spaces
2
Basement
Yes
Accessible
No
HOA Dues
—
Garage
Yes
Features
Views
Last updated by owner on Jul 13, 2021.
RT-4
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
Property details
Parking
Parking Information
# Of Cars: 2
# of Garage Spaces: 2
Parking: Garage
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Detached
Garage Details: Garage Door Opener(s)
Interior
Virtual Tour
Additional Media Type 1: 3D Tour
Bathroom Information
# of Baths (Full): 5
# of Baths (Full): 5
# of Baths (1/2): 3
# of Baths (1/2): 3
Bath Amenities: Separate Shower,Soaking Tub
Bedroom Information
# of Bedrooms: 11
# of Bedrooms Possible: 11
Additional Rooms Information
Basement: Full
Basement Description: Partially Finished
Interior Features
# of Rooms: 35
Equipment
Ceiling Fan(s)
Multi-Unit Information
3 Br Unit(s) In Bldg: Yes
Community Information
Community Features: Sidewalks, Street Lights, Street Paved
Exterior
Exterior Features
Exterior Features: Deck, Roof Deck
Building Information
# Of Units in Building: 4
Exterior Building Type: Brick
Age: 91-100 Years
Built Before 1978 (Y/N): Yes
Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 14292210040000
Lot Information
Dimensions: 27.5X126
Lot Size: Oversized Chicago Lot
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $22,591.83
Tax Year: 2019
Financial Information
Finance Code: Conventional
Special Service Area: N
Gross Income: $129,240
Utilities
Utility Information
Water Source: Lake Michigan
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Forced Air
Location
School Information
Elementary School District: 299
Elementary School: Agassiz Elementary School
Middle Or Junior School District: 299
Middle Or Junior School: Agassiz Elementary School
High School District: 299
High School: Lincoln Park High School
Location Information
Township: Lake View
Corporate Limits: Chicago
Directions: SHEFFIELD TO GEORGE, EAST TO PROPERTY
Public facts
Beds: 11
Baths: 6.5
Sq. Ft.: 5,187
Stories: 3.0
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 3,437 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1924
Year Renovated: —
County: Cook County
APN: 14292210040000
HOA Dues: —
Garage: Yes
Features: Views
Home facts updated by owner on Jul 13, 2021
Other
Expense Information
Water Sewer Expense: $1,200
Water Expense Source: Owner Projection
Electric Expense: $600
Insurance Expense: $5,046
Listing Information
Holds Earnest Money: Yes
Possession: Closing, Tenant's Rights
Around this home
Schools
Harriet Tubman Elementary School
Public PreK-8 • Assigned • 0.2mi
8/10
Lincoln Park High School
Public 9-12 • Assigned • 1.2mi
7/10
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
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 • 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.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.93M – $2.34M
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