Address
2448-50 N Clybourn Avenue, Chicago, IL
Price
$ 6,799,000
Property Attributes
  • MLS#12026011
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lincoln Park
  • NeighborhoodLincoln Park
  • Zip60614
  • StyleMulti-Family
  • Year Built2019
  • Taxes$ 133725
  • Price$ 6,799,000
  • Bedrooms14
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Impeccable all brick, 2019 build, 12 unit apartment building in Lincoln Park. Built by an experienced builder with over 30 years experience building in the Chicagoland area. Built as a condo building, this property was finished to the highest quality, including quartz counters, stainless appliances, fire places, in-unit washer/dryer, garage parking and rooftop decks. Fantastic rental units, never vacant. Turn key property. The seller has never allowed pets, so the units have stayed in fantastic condition. // $586,500 Gross Yearly Rental Income // 5.63% CAP Rate // Upside Potential Bringing Rents to Market Rates (Number of long term tenants)

Price History
4/10/2024 Listed $6,799,000

General Features

Cooling Central Air
Possession Closing
Year Built 2019
Electric Circuit Breakers
Tenant Pays Air Conditioning,Electricity,Heat,Hot Water
Stories 4
Township Lake View
Tax Year 2021
Current Use Multi-Family
Gross Income 586500
County Cook
Net Operating Income 389610
Operating Expense 196890
Property Type Commercial Sale
Status Active
Directions Fullerton to Clybourn,North to 2450
City Chicago
NumberOfUnitsTotal 12
MLS Area CHI - Lincoln Park
Street Name Clybourn
Tax Annual Amount 133725
Additional Parcels Y/N No
Days on Market 6
Standard Status Active
Property Type Multi Family 5+

Interior Features

Total Fireplaces 12
Street Suffix Avenue

Exterior Features

Lot Dimensions 79X150
Exterior Brick

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 60614

Price
AVG $2.48M
$6.8M
Taxes
AVG $36,652
$133,725
Visits
AVG 316
479
Data Provided by Inside Real Estate®
Year Built
AVG 1925
2019