Closed /
MLS #10805908 /
Multiple Family /
North Center
Listing information updated 10/16/2020 at 12:23pm
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
Square Feet:
N/A
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)
Taxes & Assessments
Tax Amount:
$9,947
Tax Year:
N/A
Location
Zip Code:
60618
City:
Chicago
County:
Cook
Disclaimer: The accuracy of all information regardless of source, including but not limited to square
footage and lot size, is deemed reliable but not guaranteed nor warranted and should be
personally verified through personal inspection by and/or with the appropriate professionals.
North Center, IL
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, the community offers events including a farmers ma...
2422 W Warner Avenue is a multiple family which sold for $810,000. This multiple family has been listed on @properties since August 4th, 2020 and was built in 1910. The nearest transit stops include Western CTA Brown line.
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