Closed

$742,500

Favorite

4,248

square ft

837 N Maplewood Avenue

CHICAGO, Illinois 60622

Closed / MLS #9031481 / Multiple Family / Wicker Park

Listing information updated 5/3/2016 at 1:20am

Very rare find. Legal 5-unit w 3-flat front building (+ basement) + 2-flat coach house. Oversized 34' x 126' lot. Fantastic location on quiet, one way street just N of Smith Park in Ukrainian Village West. Building is long term owner in excellent upgraded condition and impeccably maintained. All mechanicals (GFA, AC, water heater) 10 years/newer. Roof /windows 10 years. Tuckpointing/masonry solid. Literally nothing to rehab here. Easy rental/area and as "armchair" as it gets. Current rents of $4600/mo well below conservative market rents of $6000/mo+ At list price 25% down market rents creates a 7% cap rate and $1700/mo =$20k/Yr = 10% cash on cash return before vacancy and repair. Not bad numbers at all for this hot part of town. Projected $1 million property in 5-10 yrs. As a bonus, there is an in law room/bath + laundry room in the basement, which is high/dry, plenty of storage and 1 car parking pad in the back. Exceptional investment or owner-occupied "compound". Very Low taxes!!!!!

Full Features

Exterior Type:

Brick,Stone

Basement:

Partially Finished,Exterior Access

Square Feet:

4,248

Acreage:

.09

Built:

1904

Parking Spaces:

Cooling System:

Central Air,Central Individual

Stories:

Roof:

Rubber

Current Use:

Residential-Multi-Family

Potential Use:

Condominium, Residential-Multi-Family

Zoning:

MULTI

Building Square Feet:

4,248

Current Net Income:

$43,200

Unit 1:

6 room(s) / 3 bed(s) / 1 bath(s)

Unit 2:

3 room(s) / 1 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$7,649

Tax Year:

N/A

Location

Zip Code:

60622

City:

Chicago

County:

Cook

Listing Office: Exit Strategy Realty

Listing Office Phone: 312.554.5478

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/3/2016 at 1:20am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Wicker Park, IL

Residents and businesses flocked to Wicker Park to rebuild after the Great Chicago Fire of 1871. Today, Chicagoans flock to the hip, happening neighborhood for its eateries, arts and entertainment. Wicker Park boasts an eclectic assortment of cafes, independent stores, dive bars, upscale boutiques,...

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CTA

Green line at California

Metra

Milwaukee District North line at Western Ave Metra

Metra

Milwaukee District West line at Western

Metra

North Central Service line at Western

$681,724

Average Sale Price

Average Days On The Market

99%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in Wicker Park, IL

Recently Sold Homes in Wicker Park, IL

Popular Neighborhoods near Wicker Park, IL

837 N Maplewood Avenue is a multiple family which sold for $742,500. This multiple family has been listed on @properties since September 5th, 2015 and was built in 1904. The nearest transit stops include California CTA Green line and Western Ave Metra Metra Milwaukee District North line.