Address
1324 W Devon Avenue, Chicago, IL
Price
$ 3,950,000
Property Attributes
  • MLS#12039167
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Rogers Park
  • Zip60660
  • Style
  • Year Built1929
  • Taxes$ 25613
  • Price$ 3,950,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

This investment has been 98% rehabbed and updated, and now it is fully rented! Electrical, plumbing, and major mechanicals have all been addressed and updated. This 16 unit building is comprised of 16 units (2 commercial and 14 residential). The commercial tenants are on long term leases (expiring '28 & '30), and 12 of the 14 residential units have been completely updated. The location of the building means any investor will have a solid renter pool to choose from and the building's return is above market average for the location.

Price History
4/25/2024 Listed $3,950,000

General Features

Year Built 1929
Tenant Pays Electricity,Other
Stories 3
Tax Year 2021
Gross Income 366504
County Cook
Net Operating Income 314758
Operating Expense 55546
Insurance Expense 3000
Property Type Commercial Sale
MaintenanceExpense 913
Status Active
Directions East on Devon (6400 N) from Clark.
City Chicago
NumberOfUnitsTotal 16
MLS Area CHI - Rogers Park
Street Name Devon
Tax Annual Amount 25613
Electric Expense 1020
Fuel Expense 10000
Trash Expense 2500
Water Sewer Expense 10000
Additional Parcels Y/N No
Days on Market 5
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 58 X 100

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60660

Price
AVG $2.56M
$3.95M
Taxes
AVG $20,536
$25,613
Visits
AVG 371
402
Data Provided by Inside Real Estate®
Year Built
AVG 1925
1929