1527 N Claremont Avenue
Chicago, IL 60622

Status: Active
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $1,515,000
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About this home

Rare opportunity to own a legal four unit investment property / AirBnB rental in one of the hottest areas in Wicker Park/Bucktown! All units have been recently renovated with condo quality finishes including tall ceilings, floors, painting, lighting, kitchens, bathrooms and appliances. Building renovations include newer silver coated roof (2016), central heating / air conditioning in all units, and newly installed fence / gateway. The front building features two 3 bedroom / 1 bathroom units with in unit washer / dryer in #1F, the other three units use the communal coin laundry in the basement of the rear building (additional income to the owner). The legal coach house features two 2 bedroom / 1 bathroom units with walkout deck. The building includes a large, shared backyard patio and the neighborhood offers plenty of parking. Ideal location just 2 blocks from Six Corners of WP, blue line, expressway, Milwaukee bus and walking distance to Division Street's best restaurants and bars. Don't miss out on this incredible opportunity to own a turn-key investment property in the heart of Wicker Park!

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1890
Exterior Building Type Brick
Parking None
Rehab Year 2013
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Zoning Type MULTI
Corporate Limits Chicago
Directions West on North Ave, South on Claremont. One block East of Western, on the East Side of the street
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 4
Full Baths in Building Count 4
Total Rooms 18
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 2700
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number F
unit 2
Beds Total 3
Baths Total 1
Actual Rent 2800
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/25
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number F
unit 3
Beds Total 2
Baths Total 1
Actual Rent 2300
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Range Hood, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number R
unit 4
Beds Total 2
Baths Total 1
Actual Rent 2300
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 09/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number R

Financials

ElectricExpense 360
Electric Expense Source Owner Projection
Fuel Expense $1,200
Fuel Expense Source Owner Projection
Gross Rental Income $121,200
Insurance Expense $5,200
Insurance Expense Source Owner Projection
Janitor Expense $800
Net Oper Income $86,927
Other Addl Income Coin Laundry
Rental Income 121200
Scavenger Expense $750
Investment Profile Residential Income
Water Expense $750

Tax/Assessments/Liens

PIN 17061010180000
Special Assessments N
Taxes $25,014
Tax Exemptions None
Tax Year 2022
$1,515,000 Listing Price:
MLS # 12056697
Investment Profile Residential Income
Listing Market Time 32 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 05/15/2024
Year Built 1890
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