Available Neighborhoods:


 Bucktown - Wicker Park - Logan Square

 Edgewater - Andersonville

 Irving Park - Avondale

 Jefferson Park - Forest Glen

 Lake View

 North Center - Roscoe Village

 Ravenswood - Lincoln Square

1422 Edgewater Avenue

Chicago, IL 60660

$650,000

Status:Active

Edgewater - Andersonville

Details Pictures Map

 

ANDERSONVILLE- 3-UNIT BUILDING SITTING ON A QUIET TREE-LINED STREET JUST 1 BLOCK OFF CLARK STREET by Gethsemane Garden Center in one of the hottest neighborhoods on Chicago''s north side. It doesn''t get better than this in this easy-to-rent location just 4.5 blocks to the Red Line Bryn Mawr \L\ Stop and 5 blocks to the soon to be new Edgewater Metra Stop as well a plethora of cafes, restaurants and shopping right outside your door! All 3 apartments have private back decks, their own HVAC systems and pay their own gas and electricity. Rents are below market value and could be higher, especially so with further cosmetic updates. Perfect for the owner-occupied buyer or investor alike. The 3rd floor could easily be combined with the 2nd floor for a wonderful 3 BR, 2BTH owner''s duplex up if so desired. Unfinished basement could also be combined with the first floor for another duplexed apartment although current layout of building is perfect as is. Great value with lots of room for added value in the form of increased rents. Whole building would make a nice single-family conversion as well. 2-car parking in back of property. All this in an A+ location close to the lakefront and in the highly desirable Peirce School District. PLEASE NOTE: We cannot confirm the legality of the 3rd floor apartment. This building is being sold as a 2-unit building with a very nice non-conforming 3rd floor apartment.

 

 

6214 Magnolia Avenue

Chicago, IL 60660

$995,000

Status:Active

Edgewater - Andersonville

Details Pictures Map

 

This is an exceptional opportunity to secure an Expansive LEGAL 3-UNIT on a 37'' wide Prime East Edgewater location. The building is 5034 Square Feet per the county assessor, and floor plans are in the additional information drop down. There is also a non-conforming garden apartment. The building has a total of 12 bedrooms and 6 baths. The first through third floors are around 1650 square feet each. The first and third floor units have a second full bath and were augmented to carve out a 4th bedroom/office by utilizing some space from their enormous living rooms to maximize potential rental value. They could quite easily be changed back to three-bedroom units with the walls removed if desired. All three units have spacious kitchens and formal dining rooms. Significant improvements to kitchens and baths over the years. Bedrooms are reasonably sized with the smallest being 12x10. Oak Hardwood floors throughout, coupled original moldings add old school charm. There is a wonderful common third floor front deck to grab the morning sunrise with a cup of coffee. 3 total parking spaces (2 garage and one exterior). Projected rental income conservatively placed at $8,000-$9000 monthly. Expenses will be accurately stated, derived from the building''s working spreadsheet. The lower level has a 1-bedroom garden non-conforming apartment on the east portion and the laundry and mechanicals on the west. Tuckpointing and roof work done in 2021. Common washers and dryers were also replaced in 2021. Turnkey investment as currently offered. Rents are market estimates, but fully substantiated with building spreadsheet. Financial inputs are specific to 2021. Please note: rental concessions were made for Covid-19

 

 

Copyright 2021 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware that they may be recorded during a showing.

Tim Brent
Leasing - Sales
Licensed Managing Broker
773-491-0792
tim@homes-condos.com
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