1018 W Roscoe Street
Chicago, IL 60657

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $1,125,000

About this home

This 3-unit income producing property sits in an A+ location in the very heart of Lakeview, one of Chicago's most popular neighborhoods. It features a 4BR, 2BTH duplex-up penthouse with large eat-in kitchen that would make a beautiful owner's unit, and two, 2BR/1BTH apartments as well. Situated in close proximity to public transportation, including the Belmont "L" station which is just 2.5 blocks away with access to the Red, Brown and Purple lines, there are numerous restaurants, shops and entertainment options all right outside the door, including Wrigley Field which is just 2 blocks away. This property has favorable RM-5 zoning and generates rental income approaching $100, 000 per year with room for increased rents, especially with further cosmetic improvements. All tenants pay for their own gas, electric, and heating bills so owner costs are low. Each unit in the building has its own unique layout and features, such as hardwood floors, in-unit laundry, dishwashers, private decks and spacious living and dining areas. Additionally, there is 2-car parking in back which the owner is renting out via SpotHero App which generates on average more than $700 per month. This charming and well-maintained apartment building is solid, with solid returns and room to increase income. It also sits in the very popular Nettelhorst School District. There couldn't be a better location for your long-term investment!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1905
Parking Total 2
Exterior Building Type Vinyl Siding, Brick
Exterior Property Features Balcony ,Deck
Parking Features Off Alley
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions Sheffield to Roscoe then west to property.
Elementary School Nettelhorst Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned
High Sch Lake View High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Nettelhorst Elementary School
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Crawl
Basement Bathrooms No
Basement None
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 22
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 2200
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 05/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 4
Baths Total 2
Actual Rent 3400
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 05/24
Rooms Total 10
Security Deposit 3800
Tenant Pays Electric, Gas, Heat
Floor Number 3
Property / Lot Details
Deconversion N
Lot Dimensions 25 FT BY 124.5 FT
Lot Description Sidewalks, Streetlights
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $98,580
Insurance Expense $2,687
Insurance Expense Source Owner Projection
Other Addl Income Parking Space/s
Rental Income 8215
Scavenger Expense $987
Investment Profile Residential Income
Water Expense $986

Tax/Assessments/Liens

PIN 14204120290000
Special Assessments N
Taxes $17,389
Tax Exemptions None
Tax Year 2022
$1,125,000 Listing Price:
MLS # 11979194
Investment Profile Residential Income
Listing Market Time 46 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 02/12/2024
Year Built 1905
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