1346 N Artesian Avenue
Chicago, IL 60622

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $999,000

About this home

Fantastic investment opportunity to own a totally updated turnkey brick 3-flat with in-law arrangements in booming West Town neighborhood! Produce an amazing cash flow as an Investor, or even better, house-hack it! The jewel of the building is the 3rd floor Duplex-up, which will make your eyes pop! Showcasing: high ceiling, floor-to-ceiling library style wall bookcase, skylights, a Loft (2nd Bedroom), and access to a private Rooftop. All units have nicely updated quality finishes. Kitchens are loaded with Quartz tops/backsplash, stainless steel appliances, 2 units with Islands. The Bathrooms with stand-up showers all with most wanted rain shower heads! 2nd & 3rd Unit primary Bathrooms with soaking tubs. All Bathrooms wrapped in ceramic tile, Quartz surface vanities, smart mirrors. 1st & 2nd floor units with luxury premium vinyl flooring and 3rd floor unit original hardwood flooring preserved but all refreshed! All units with their own W&D. Detached 2-car Garage with a convenient high-ceiling! Projected rental gross income for this building is a conservative $106, 200/year with long-term leases, without taking in calculation a potential $300/month income for the Garage. Convenient access to 606 Trail, Humboldt Park, CTA, and all the best restaurants and nightlife West Town has to offer. An opportunity not to be missed!

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25X126
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1895
Parking Total 2
Exterior Building Type Brick
Garage Details Garage Door Opener(s), Transmitter(s), 7 Foot or more high garage door
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2023
Roof Type Asphalt ,Rubber
MRD Virtual Tour Image360
Virtual Tour Date 03/30/2024 9:24 pm
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Corporate Limits Chicago
Directions West on Division to Artesian, North to property
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township North Chicago
Interior Features
Basement Description None
Bath Amenities Separate Shower, Soaking Tub
Basement Bathrooms No
Basement None
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 6
Full Baths in Building Count 6
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 2
Actual Rent 2750
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial
Full Baths Total 2
Lease Expiration Date 00/00
Rooms Total 5
Tenant Pays Electric, Gas, Parking
Floor Number 1
Square Feet 1024
unit 2
Beds Total 3
Baths Total 2
Actual Rent 2800
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 00/00
Rooms Total 5
Tenant Pays Electric, Gas, Parking
Floor Number 2
Square Feet 1009
unit 3
Beds Total 2
Baths Total 2
Actual Rent 3300
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 00/00
Rooms Total 4
Tenant Pays Electric, Gas, Parking
Floor Number 3
Square Feet 1412

Financials

Financing Conventional
Gross Rental Income $106,200
Insurance Expense $4,320
Insurance Expense Source Actual
Manager Expense Source OP
Other Addl Income Garage/s
Rental Income 109800
Scavenger Expense $342
Investment Profile Residential Income
Water Expense $1,400

Tax/Assessments/Liens

PIN 16012200300000
Special Assessments N
Taxes $11,724
Tax Exemptions None
Tax Year 2022
$999,000 Listing Price:
MLS # 11990231
Investment Profile Residential Income
Listing Market Time 45 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 03/01/2024
Year Built 1895
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