1541 W BARRY Avenue
Chicago, IL 60657

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $950,000
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About this home

Incredible opportunity to assume a 2.75% interest rate! Owner occupants can take over the current owner's VA loan with all its favorable terms. This gorgeous lakeview building boasts almost all new appliances in the last 3 years! Two units rented through 2025 and one becoming available in July 2024. Features include hardwood flooring, vintage trim, large kitchens, a bonus sunroom on the top floor, and a garden unit with fresh paint and a renovated bathroom. The lucrative 3-unit property offers three tandem parking spaces (six spots total that can be rented at $100 each), shared laundry, and a small outdoor space with a community BBQ. Located in bustling Lake View near the Belmont/Ashland/Lincoln intersection, enjoy incredible dining, shopping, entertainment, and fitness options around every corner. This well-managed, turnkey property currently generates $81, 600/year in gross income making it an exceptional opportunity for any investor! Garden fridge, stove, & dishwasher: 2024, AC: 2024, Washer: 2024, Dryer: 2023, Furnace: 2023, 2nd floor stove: 2023, 1st floor stove & microwave: 2022, Boiler & pump: 2022, Roof repairs: 2022.

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 124X30
Lot Size Source County Records
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Interior Features
Additional Rooms Den ,Foyer
Basement Description Partially Finished, Exterior Access
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 3
Full Baths in Building Count 3
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 2400
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 7/24
Rooms Total 7
Security Deposit 2400
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Washer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 7/25
Rooms Total 8
Security Deposit 2500
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 5/25
Rooms Total 5
Security Deposit 1900
Tenant Pays Electric,Gas
Floor Number G
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Additional Media Type 1 Virtual Tour
Additional Media URL 1 External link
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1918
Parking Total 6
Exterior Building Type Vinyl Siding, Stone
Exterior Property Features Patio
Foundation Brick/Mortar
Parking Features Off Alley
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Curbs, Sidewalks, Street Lights
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions ASHLAND TO BARRY ONE WAY STREET ON RIGHT
Elementary School Burley Elementary School
Elementary Sch Dist 299
Heat/Fuel Radiator(s)
High Sch Lake View High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Burley Elementary School
Jr High/Middle Dist 299
Township Lake View

Financials

Financing Conventional
Other Expenses 2 350
Gross Rental Income $81,600
Other Addl Income Coin Laundry
Other Expense Source Combination
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14291080100000
Special Assessments N
Taxes $18,712
Tax Exemptions Homeowner
Tax Year 2023
$950,000 Listing Price:
MLS # 12039163
Investment Profile Residential Income
Listing Market Time 124 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 05/22/2024
Year Built 1918
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