1515 N Milwaukee Avenue
Chicago, IL
60622
Status:
Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price:
$1,800,000
About this home
1515 N. Milwaukee Avenue is a four-unit multi-family building. All apartments are 2BD / 2BA units. Each apartment features individual HVAC, individual HW heater, and in-unit laundry. All apartments have the same layouts throughout the building. Three parking spaces on-site as well. Ground floor retail just signed a new 9-year NNN lease that expires in July of 2034 at market rent. Once new retail lease kicks in deal will be 7.8% CAP, 9.9X GRM, and 7.93% cash-on-cash return.
Property details
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age
21-25 Years
3 Bedroom Unit in Building
No
Parking Total
3
Exterior Building Type
Brick
Exterior Property Features
Balcony ,Deck
Foundation
Brick/Mortar
Garage On-Site
Yes
Parking Ownership
Owned
Parking
Space/s
Rehab Year
2015
Roof Type
Rubber
MRD Virtual Tour
None
School / Neighborhood, Utilities, Financing, Location Details
Area Major
CHI - West Town
Corporate Limits
Chicago
Directions
1515 North Milwaukee Avenue Chicago, IL
Elementary Sch Dist
299
Heat/Fuel
Natural Gas, Electric
High Sch Dist
299
Sewer
Other
Water
Other
Jr High/Middle Dist
299
Township
West Chicago
Interior Features
Units
Basement Description
None
Bath Amenities
Whirlpool, Separate Shower
Basement Bathrooms
No
Basement
None
Bedrooms Count
6
Bedrooms Possible
6
Baths Count
7
Full Baths in Building Count
6
Half Baths in Building Count
1
Total Rooms
26
unit 1
Baths Total
1
Actual Rent
4587
Appliances And Features
Refrigerator, Central Air Conditioner, Walk-In Closet
Half Baths Total
1
Lease Expiration Date
06/25
Rooms Total
5
Tenant Pays
Electric, Gas, Heat
Floor Number
1
unit 2
Beds Total
2
Baths Total
2
Appliances And Features
Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet, Oven/Built-in
Full Baths Total
2
Lease Expiration Date
05/24
Rooms Total
7
Tenant Pays
Electric, Gas, Heat
Floor Number
2
unit 3
Beds Total
2
Baths Total
2
Actual Rent
3225
Appliances And Features
Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Range Hood, Hardwood Floors, Cooktop, Oven/Built-in
Full Baths Total
2
Lease Expiration Date
08/24
Rooms Total
7
Tenant Pays
Electric, Gas, Heat
Floor Number
3
unit 4
Beds Total
2
Baths Total
2
Actual Rent
3095
Appliances And Features
Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Range Hood, Hardwood Floors, Cooktop, Oven/Built-in
Full Baths Total
2
Lease Expiration Date
08/24
Rooms Total
7
Tenant Pays
Electric, Gas, Heat
Floor Number
4
Property / Lot Details
Deconversion
Y
Lot Dimensions
125X25
Lot Description
Other
Lot Size Source
County Records
Lot Size
Less Than .25 Acre
Ownership
Condo
Type Unit
4 Flat
Number Of Units in Building
4
Property Type
Two to Four Units
Financials
ElectricExpense
624
Electric Expense Source
Actual
Fuel Expense
$585
Fuel Expense Source
Actual
Gross Rental Income
$170,233
Insurance Expense
$6,057
Insurance Expense Source
Actual
Janitor Expense
$1,200
Net Oper Income
$117,672
Other Addl Income
Parking Space/s
Rental Income
170233
Scavenger Expense
$5,692
Investment Profile
Residential Income
Water Expense
$1,239
Tax/Assessments/Liens
Multiple Pin Numbers
Yes
PIN
17062000810000
Special Assessments
N
Taxes
$47,896
Tax Year
2022
$1,800,000
Listing Price:
MLS #
12082490
Investment Profile
Residential Income
Listing Market Time
10
days
Basement
None
Type Unit
4 Flat
Number of Units in Building
4
Parking
Space/s
List Date
06/12/2024
Year Built
Request Info
Price history
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