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(312) 788-7079
Real Estate Company
2552 W Wilson Avenue, Chicago, Illinois 60625
- $855,000
- 6
- BD
- 4
- BA
- Sold Price
- $855,000
- List Price
- $825,000
- Closing Date
- Nov 21, 2023
- MLS#
- 11894580
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 6
- Bathrooms
- 4
- County
- Cook
- City
- Chicago
- Neighborhood
- Ravenswood Gardens
- Days On Market
- 16
Property Description
In highly sought-after Lincoln Square, this classic all-brick Chicago 3-flat building is two blocks from the Rockwell Brown line! Huge income producer, presents an ideal opportunity for investors. 3 units above grade and a bonus In-Law Garden Unit. This unique property also offers outstanding income potential in the garage and laundry. The building has been well maintained, with all 3 kitchens and 3 bathrooms renovated in 2023 with modern finishes. The wide building, set on a 30' wide lot, showcases spacious floorplans. Oversized, south-facing living rooms are flooded with natural light through large newer windows. Original charm with moldings, decorative fireplaces, and Tiffany-style windows. Throughout the building, you'll find hardwood flooring, and each unit enjoys a separate dining room with original hutches and a welcome retreat, in a 3-season enclosed rear porch. Fabulous floorplans with highly desired front and rear bayed sunroom areas; separate living rooms and dining rooms. Oversized bedroom, also set on a large bay to the East. Large kitchen opens to the dining room, which can double as a family room. The updated kitchens boast white shaker cabinets, stainless steel appliances, tile flooring, and new lighting, blending modern functionality with timeless style. The bathrooms have been similarly updated, featuring new vanities, mirrors, lighting, refinished tubs, bath fixtures, and ceramic tile tub surrounds. The boiler for heating all 4 units, is only two years old. The decks and stairs were rebuilt in 2014, and lots of recent tuckpointing and parapet work. Current rental income from 3 units, $6,199 per month. In addition to the main units, the property includes a bonus Garden In-Law, equipped with a large living room, kitchen, two bedrooms, and a bathroom. The seller does not warrant the legality of this 4th unit. This garden unit is not currently rented. A convenient coin-operated washer/dryer in the basement common area. There is a two-car garage and a 1 car parking pad, 3 spaces total. Parking and Garage are all potential income; currently the garage and parking areas are not rented with any of the leases. The parking can easily be rented from within the building and or to surrounding properties, the owner has opted not to rent them and has them for his personal use. Steps to the Chicago River North Branch, across the street from Waters Elementary, Multiple Coffee Shops, the popular Beans and Bagels, the wide variety of Restaurants on Western and Lincoln Ave. Minutes to Wells Park, Horner Park and many bike and running trails. Immediate access to public transportation, buses and trains.
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Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2021
- Tax Amount
- $14,936
- Year Built
- 1913
- Lot Dimensions
- 30 X 120
- Lot Size Range
- Oversized Chicago Lot
- Units
- 3
- Garage Spaces
- 2
- Parking Spaces
- 3
- Parking Details
- No Garage, On Site, Garage Owned, Detached, Alley Access, Owned, Garage
- Heating
- Natural Gas, Radiator(s)
- Sewer
- Public Sewer
- Basement
- Yes
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Selling Office: @properties Christie's International Real Estate.
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