1317 W School Street
Chicago, IL 60657

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $1,700,000

About this home

Nestled just steps away from the vibrant Southport Corridor, 1317 W School presents an exceptional opportunity as a legal 3-flat investment property, with a unique duplex-up owner's unit. Recently completed in early 2024, this residence is a testament to modern luxury and thoughtful design. The top floor duplex unit stands out with its expansive floorplan, providing ample space for comfortable living. This unit ideal an owner-occupant seeking a blend of sophistication and practicality. With hardwood floors, spa bathrooms, 42-inch kitchen cabinets, quartz countertops, and stainless-steel appliances in the whole building, it will be easy to find quality tenants. Located in the sought-after Burley school district, this property is also an attractive option for families seeking excellent educational opportunities. Multiple transportation options in close proximity make commuting a breeze, and spacious units allow for comfort if you work from home. Invest in the future with 1317 W School-a fully rehabbed 3-flat property that marries modern amenities with a prime location. Whether you are an investor or an owner-occupant, this residence beckons with its contemporary design, top-notch features, and proximity to the best of Southport Corridor living.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1926
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Deck
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions North on Southport to School then West on School
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Finished
Bath Amenities Separate Shower, Double Sink, Soaking Tub
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 7
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 5950
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Oven/Built-in
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1300
unit 2
Beds Total 4
Baths Total 3
Actual Rent 3300
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in
Full Baths Total 3
Lease Expiration Date 03/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 3
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner
Full Baths Total 3
Lease Expiration Date 03/24
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number G
Property / Lot Details
Deconversion N
Lot Dimensions 25X126
Lot Description Fenced Yard
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Rental Income 130800
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14203260210000
Special Assessments N
Taxes $10,386
Tax Exemptions None
Tax Year 2022
$1,700,000 Listing Price:
MLS # 11998113
Investment Profile Residential Income
Listing Market Time 92 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 06/24/2024
Year Built 1926
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