Address
1748 W North Avenue, Chicago, IL
Price
$ 4,400,000
Property Attributes
  • MLS#12035694
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - West Town
  • NeighborhoodWicker Park
  • Zip60622
  • Style
  • Year Built2011
  • Taxes$ 57309
  • Price$ 4,400,000
  • Bedrooms15
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.136639 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Rarely available 7-unit elevator condo quality building in the heart of Bucktown. This well-maintained building is ready for the next investor to sit back and collect rent. Projected monthly gross income $29,641. Two commercial store front spaces with long term leases in place with leases ending in 2028. All residential units are 3 bedrooms, 2 bath condo quality units featuring large custom kitchen with granite countertops, stainless appliances, custom cabinets opening to living room and dining room. Three true bedrooms features primary bedroom with ensuite bathroom with double bowl stone countertops, and separate shower. Large second and third bedrooms along with updated second bath. Hardwood floors throughout. All units have separate HVAC, in-unit washer and dryer and all pay their own utilities. All residential finishes similar in all units. Unit 4W and 4E have interior unit stairs to access the private roof deck. Unit 3 is a full floor with huge front and rear terrace spaces to entertain. Unit 3 features three-bedroom, two full baths plus a half bath. Full floor unit 3 primary bath has double bowl sink, separate shower plus soaking tub. Photos are from unit 4W along with floorplan, 2W are identical to 4W. 2E, 4E units are the same as 4W layout just flipped. Unit 3 is a full floor see floorplan. Finishes in the building are all high end and similar throughout. Parking spaces in the rear of the building. A member of the LLC holds an Illinois real estate license. The listing broker is not a member of the LLC.

Price History
4/22/2024 Listed $4,400,000

General Features

Cooling Central Air,Central Individual
Zoning COMMR
Construction Materials Brick,Block
Year Built 2011
Electric Circuit Breakers,Separate Meters
Tenant Pays Air Conditioning,Electricity,Heat
Stories 4
Township West Chicago
Tax Year 2022
Gross Income 29641
County Cook
Net Operating Income 241353
Operating Expense 114341
Insurance Expense 13995
Property Type Commercial Sale
MaintenanceExpense 17123
Status Active
Directions Ashland to North,West to Property
City Chicago
NumberOfUnitsTotal 7
MLS Area CHI - West Town
Lot Size Square Feet 5952
Street Name North
Tax Annual Amount 57309
Electric Expense 2010
Fuel Expense 873
Trash Expense 4373
Water Sewer Expense 6457
Additional Parcels Y/N No
Days on Market 6
Standard Status Active
Property Type Multi Family 5+

Interior Features

Total Fireplaces 5
Street Suffix Avenue

Exterior Features

Lot Dimensions 48X124
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 60622

Price
AVG $1.36M
$4.4M
Taxes
AVG $17,069
$57,309
Visits
AVG 237
471
Data Provided by Inside Real Estate®
Year Built
AVG 1903
2011