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2422 W Warner Avenue

Chicago, Illinois 60618

Tom Moran

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Property Type
Multiple Family
Community Area
North Center

Brick 5 flat on North Center in a 37 wide lot. This legal "L- shaped" 5 unit property has (3) 2 bed/1 baths in the front bldg (Garden, First and Second) and (2) 1 bed/1 baths (First and Second Floor) in the back... PLUS a 2 car garage This long term owner is ready to sell. The 3 front units are vacant and the 2 rear units are occupied and under rented on MTM leases at $825 and $900/mth. More of a "value added" Play vs a stabilized building. Being Sold As IS. With updates to the bldg and units rents are projected as follows : $1,750 for units 1F and 2F, $1,200 for Garden, $1,450 for 1R and 2R, $300 for Garage and $100 for Laundry. Projected rents and expenses post stabilization. Assuming $25,000 per unit investment and expenses @ 30% the bldg is a 6.7 CAP Post Rehab

Full Features
Pool: No
Square Feet: N/A
Tax Amount: $9,947
Built: 1910
Parking Spaces: 2
Stories: 3
Current Net Income: $67,200
Unit 1: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2: 4 room(s) / 2 bed(s) / 1 bath(s)
Unit 3: 4 room(s) / 1 bed(s) / 1 bath(s)
School District(s): City Of Chicago SD 299

Taxes & Assessments
Taxes: $9,947

Listing information updated today (9/26/2020)

North Center photo

North Center

Neighborhoods: Horner Park, Roscoe Village, Saint Ben's, Lakeview West

Any way you look at it, North Center is no middle-of-the-road neighborhood. Residents enjoy picturesque views of the Chicago River, large parks, a vibrant shopping district, and an abundance of things to do. Anchored by the North Center Town Square,…

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Nearby Public Transportation

CTA Rail

at Western (0.65 miles away)

Union Pacific North, Union Pacific Northwest, Milwaukee District North

at Ravenswood Metra (1.10 miles away), Irving Park Metra, Grayland Metra

2422 W Warner Avenue Chicago, Illinois 60618 is a multiple family currently listed at $865,000. This multiple family has been listed on @properties since August 4th, 2020 and was built in 1910. Nearby schools include Coonley Elementary School, Amundsen High School. The nearest transit stops include Western CTA Brown line, Union Pacific North Ravenswood Metra. Want to learn more about 2422 W Warner Avenue Chicago, Illinois 60618? Contact an @properties agent to request more info.