1447 N Wood Street
Chicago, IL 60622

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $1,249,000

About this home

Unparalleled investment opportunity in the heart of Wicker Park! This three-flat residence not only captures the charm of 1885 in its facade but has been meticulously modernized to meet the demands of today's lifestyle. Unlike conventional multi-unit structures, each dwelling within this triplex is a unique gem, presenting an exclusive blend of historical elegance and contemporary functionality. The garden unit, with its high ceilings, open living spaces, laminate floors, and private patio, promises an ideal tenant experience. Designed for comfort, this unit boasts two bedrooms, an oversized bath, and convenient in-unit laundry-a perfect combination for attracting and retaining quality tenants. On the first floor, 10' ceilings, hardwood floors, and generously sized bedrooms create an inviting and upscale living space. The luxury bath with an oversized mosaic-tiled shower, private deck, and laundry area add to the allure, ensuring tenant satisfaction and premium rental value. The second-floor duplex unit is a standout feature, offering an impressive two-story living room with exposed brick and an original vintage fireplace. The expansive eat-in kitchen, equipped with high-end appliances and a walk-in pantry, elevates the property's appeal and marketability. Throughout the property, a myriad of updates and enhancements, including central HVAC, updated electrical and plumbing, a 30-year architectural shingle roof, and more, have been implemented. This turn-key investment boasts not only a robust rental income but also presents an opportunity for further revenue growth with potential rent increases. Don't miss out on this one-of-a-kind investment opportunity-seize the chance to own a piece of Wicker Park that not only pays dividends today but also promises a prosperous future for savvy real estate investors.

Property details

Interior Features
Additional Rooms Foyer, Utility Room-1st Floor, Utility Room-2nd Floor, Utility Room-Lower Level
Basement Description Finished, Exterior Access
Bath Amenities Whirlpool, Separate Shower, Double Sink
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1800
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number G
Square Feet 1223
unit 2
Beds Total 2
Baths Total 1
Actual Rent 2000
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 09/24
Rooms Total 4
Tenant Pays Electric
Floor Number 1
Square Feet 1116
unit 3
Beds Total 2
Baths Total 2
Actual Rent 4250
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Gas, Garage/Space, Laundry Hook-Up, Range Hood, Cathedral Ceilings, Hardwood Floors, Skylights/Windows
Full Baths Total 2
Lease Expiration Date 08/25
Rooms Total 6
Tenant Pays Electric
Floor Number 2
Square Feet 2031
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1885
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Deck, Patio, Roof Deck, Breezeway
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
Roof Type Other
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Zoning Type MULTI
Corporate Limits Chicago
Directions From Milwaukee Ave, East on Wood. From North Ave, South on Wood. From Ashland, West on Julian. Located on Wood between Julian & Elk Grove.
Equipment CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township North Chicago
Property / Lot Details
Deconversion N
Lot Dimensions 24X100
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
Fuel Expense $1,957
Fuel Expense Source Actual
Gross Rental Income $96,000
Insurance Expense $2,666
Insurance Expense Source Actual
Net Oper Income $63,983
Rental Income 96000
Investment Profile Residential Income
Water Expense $2,301

Tax/Assessments/Liens

PIN 17062100070000
Special Assessments N
Taxes $25,093
Tax Exemptions None
Tax Year 2022
$1,249,000 Listing Price:
MLS # 11959576
Investment Profile Residential Income
Listing Market Time 49 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 01/11/2024
Year Built 1885
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...