1527 N Western Avenue
CHICAGO, IL 60622

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $815,000

About this home

PRICE DROP - $45k price reduction. 3 unit vintage brick building. The unit mix includes three large 3 bedroom/1 bath units. Additionally, there is one non-conforming 2 bedroom/1 bath unit garden apartment. There is room to add value by providing a cosmetic update to the units to increase rental income.

Property details

Property / Lot Details
Acreage 0.06
Lot Dimensions 25 X 125
Lot Size Standard Chicago Lot
NewConstructionYN 0
Ownership Fee Simple
Property Type Two to Four Units
Type Unit 3 Flat
Number Of Units in Building 4
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1897
Parking and Garage Spaces 3
Exterior Building Type Brick
Parking Total 3
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2014
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Corporate Limits CHICAGO
Directions on Western just south of North Ave.
Elementary Sch Dist 299
Heat/Fuel Electric
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township WEST CHICAGO
Waterfront 0
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Bedrooms (Below Grade) 0
Baths Count 3
Full Baths in Building Count 3
Half Baths in Building Count 0
Total Rooms 18
Units
unit 1
Appliances/Features Unit 1 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Walk-In Closet
Beds Total 3
Number Full Baths-Unit 1 1
Baths Total 1
Lease Exp Date (Mo/Yr) - Unit 1 7/19
Number Of Rooms - Unit 1 6
Actual Rent 1550
Sec Deposit $ - Unit 1 0
Tenant Pays - Unit 1 All
Floor Number - Unit 1 1
Number Half Baths-Unit 1 0
Total Sq Ft - Unit 1 1200
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1795
Appliances/Features Unit 2 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Walk-In Closet
Number Full Baths-Unit 2 1
Lease Exp Date (Mo/Yr) - Unit 2 12/20
Number Of Rooms - Unit 2 6
Sec Deposit $ - Unit 2 0
Tenant Pays - Unit 2 All
Floor Number - Unit 2 2
Number Half Baths-Unit 2 0
Total Sq Ft - Unit 2 1200
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1660
Appliances/Features Unit 3 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Walk-In Closet
Number Full Baths-Unit 3 1
Lease Exp Date (Mo/Yr) - Unit 3 7/19
Number Of Rooms - Unit 3 6
Sec Deposit $ - Unit 3 0
Tenant Pays - Unit 3 All
Floor Number - Unit 3 3
Number Half Baths-Unit 3 0
Total Sq Ft - Unit 3 1200
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1095
Appliances/Features Unit 4 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Walk-In Closet
Tenant Pays - Unit 4 All
Number Full Baths-Unit 4 1
Lease Exp Date (Mo/Yr) - Unit 4 04/20
Number Of Rooms - Unit 4 4
Sec Deposit $ - Unit 4 0
Floor Number - Unit 4 G
Number Half Baths-Unit 4 0

Financials

ElectricExpense 650
Electric Expense Source Actual
Financing Conventional
Fuel Expense 0
Fuel Expense Source Actual
Gross Rental Income $73,200
Insurance Expense $2,728
Insurance Expense Source Actual
Janitor Expense 0
ManagerExpense 3150
Manager Expense Source AC
Net Oper Income $32,049
Other Addl Income Coin Laundry, Parking Space/s
Investment Profile Residential Income
MaintenanceExpense 6803
Rental Income 73200
Scavenger Expense $1,954
Water Expense $2,196

Tax/Assessments/Liens

PIN 17061000150000
Special Assessments N
Taxes $11,900
Tax Exemptions None
Tax Year 2017
$815,000 Listing Price:
MLS # 10258996
Investment Profile Residential Income
Listing Market Time 92 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 4
Parking Space/s
List Date 01/28/2019
Year Built 1897
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Price history
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