1217 W George Street
Chicago, IL 60657

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $1,330,000
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About this home

Nestled within Lakeview, Chicago's most dynamic neighborhood, this property offers proximity to Wrigley Field, an array restaurants, and shopping destinations. Its unit mix includes two spacious 2-bedroom, 1-bathroom units, with one unit featuring a duplex layout, a 3-bedroom, 2-bathroom duplex unit, and a cozy 1-bedroom, 1-bathroom unit. Each residence boasts an expansive open floor plan, working fireplaces, individualized heating and cooling controls, and beautiful hardwood floors. Currently, the property enjoys full occupancy through the upcoming summer, with ample room for substantial rental rate increases.

Property details

Interior Features
Additional Rooms Enclosed Balcony, Utility Room-Lower Level
Basement Description Partially Finished, Unfinished, Bathroom Rough-In
Bath Amenities Double Sink
Basement Bathrooms No
Basement Partial
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 5
Full Baths in Building Count 5
Total Rooms 21
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 2000
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Fireplace-Gas, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 08/24
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Actual Rent 3395
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors, Skylights/Windows, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 07/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1550
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 4
Beds Total 2
Baths Total 1
Actual Rent 2550
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Cathedral Ceilings, Hardwood Floors, Skylights/Windows
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age Unknown
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Aluminum Siding, Frame
Exterior Property Features Deck
Parking Features Off Alley
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2017
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions From Diversey Pkwy, Northwest on Lincoln Ave to George
Equipment CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Radiant
High Sch Dist 299
Sewer Septic-Mechanical
Water Public
Jr High/Middle Dist 299
Township Lake View
Property / Lot Details
Lot Dimensions 24 X 174 / 24 X 152
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Style of House Victorian
Type Unit 4 Flat, 2 Story Unit/s, Coach House
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 300
Electric Expense Source Owner Projection
Financing Conventional
Gross Rental Income $113,940
Insurance Expense $3,800
Insurance Expense Source Actual
Janitor Expense $2,800
Net Oper Income $80,343
Other Addl Income Parking Space/s
Rental Income 113940
Investment Profile Residential Income
Water Expense $2,900

Tax/Assessments/Liens

PIN 14291270260000
Special Assessments N
Taxes $23,797
Tax Exemptions None
Tax Year 2021
$1,330,000 Listing Price:
MLS # 11905437
Investment Profile Residential Income
Listing Market Time 66 days
Basement Partial
Type Unit 4 Flat, 2 Story Unit/s, Coach House
Number of Units in Building 4
Parking Space/s
List Date 10/10/2023
Year Built
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