1148 West Addison Street, Chicago, Illinois 60613

$1,049,000
8
BD
6
BA
List Price
$1,049,000
MLS#
10728099
Status
ACTIVE
Type
Multifamily
Subtype
Two to Four Units
Bedrooms
8
Bathrooms
6
County
Cook
City
Chicago
Neighborhood
Lake View
Days On Market
46

Property Description

Bright and spacious Wrigleyville 2-flat with two 2200 square foot 4 bed/3 bath duplexes located in the coveted Blaine school district! Both units have gas forced air heat & central air, hardwood floors, high ceilings & separate living & dining rooms. 2nd floor owner's duplex up features beautiful dark hardwood floors, remodeled kitchen with espresso stained kitchen cabinets, granite counter tops, SS appliances, custom back splash & remodeled bathroom with subway tile shower surround. 25 windows were replaced in the last 2 years, furnaces, AC units & water heaters were replaced in the last 5 years, new outdoor patio & low maintenance landscaping. Fantastic location is close to Wrigley field, Wrigleyville & Southport corridor restaurants, shopping, CTA Red & Brown lines. Tenants pay all utilities except water. 3 tandem parking spaces behind building rent for $200/each (total of 6 spaces), additional coin laundry income of about $150/month. Apartments are always rented with no vacancy. Amazing investment opportunity produces $24,000/year in positive cash flow with 20% down payment & 4% interest rate! 6.8% Cap Rate, 11.5% Cash on Cash return! Please see virtual tour link for interactive floor plans and photos.

Additional Information

School District
299
Elementary School
Blaine Elementary School
Corporate Limits
Chicago
Tax Year
2018
Tax Exemptions
None
Tax Amount
$15,050
Additional Sales Information
None
Year Built
1904
Exterior Building Type
Vinyl Siding
Lot Dimensions
25 X 125
Lot Size Range
Less Than .25 Acre
Parking
Space/s
Number Of Cars
6
Parking Spaces
6
Parking Ownership
Owned
Parking On Site
Yes
Parking Details
Off Alley
Heating
Gas, Forced Air
Sewer
Sewer-Public
Basement
Yes
Basement Description
Finished
Rent Unit One
3395
Rent Unit Two
3495
Total Rental Income
89880

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Preferred Realty.



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