1957 N Fremont Street
Chicago, IL 60614

Status: Active Under Contract
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $1,900,000

About this home

Timeless and stately brick 3 flat is sundrenched with light nestled on one of Lincoln Park's finest tree-lined streets near exciting Armitage, Lake Michigan, trains, restaurants and everything close by! Standing strong and elegant, this smart investment is situated on quiet and tranquil Fremont, offering an A+ location and an elegant building in excellent condition. Enjoy this distinguished property in many ways: 1. SOLID INVESTMENT - currently three updated units 2. LIVE IN OWNER - pick any unit or duplex into the basement for additional sq. ft. 3. A SINGLE FAMILY HOME CONVERSION - reconfigure into a fabulous single family home with 3 large floors plus a substantial lower level. Each refined unit features 2-3 bedrooms, 2 full baths, a primary suite, separate office, high ceilings, hardwood floors, baseboard molding, in unit washer dryers, private balconies and central air. The units have been tastefully done boasting beautiful and classic kitchen and bathroom renovations, with original details fully restored and sharp craftmanship throughout. The bright and sunny kitchens are well designed with either Carrera marble, white quartz countertops, Subway tile, full backsplash, custom cabinetry, stylish hardware and stainless-steel appliances. All bathrooms equal this sophisticated style. Vintage elements combined with the chic restoration transport one to a perfect urban oasis. The sprawling floor plan moves one gracefully from each room to the next offering a separate office space for today's lifestyle. Complete with lots of storage in the huge basement and a 2 car garage and lovely yard, this superior building has it all!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1881
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Balcony ,Porch
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2019
Roof Type Rubber ,Flat
Virtual Tour (Unbranded) External link
MRD Virtual Tour None
Virtual Tour Date 04/16/2024 9:05 pm
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - Lincoln Park
Corporate Limits Chicago
Directions Armitage to Fremont, South to property
Green Supporting Documents N
Elementary School Lincoln Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Indv Controls
High Sch Lincoln Park High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township North Chicago
Interior Features
Basement Description Storage Space
Basement Walkout
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 6
Full Baths in Building Count 6
Total Rooms 18
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 3500
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 5/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat, Parking
Floor Number 1
unit 2
Beds Total 2
Baths Total 2
Actual Rent 3400
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 5/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 2
Actual Rent 2900
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 7/24
Rooms Total 5
Security Deposit 2900
Tenant Pays Electric, Gas, Heat, Parking
Floor Number 3
Property / Lot Details
Lot Dimensions 24 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Traditional
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Electric Expense Source Actual
Fuel Expense Source Actual
Insurance Expense $30,100
Insurance Expense Source Actual
Manager Expense Source AC
Other Addl Income Garage/s
Rental Income 117,600
Scavenger Expense $171
Investment Profile Residential Income
Water Expense $1,550

Tax/Assessments/Liens

PIN 14324090070000
Special Assessments N
Taxes $25,093
Tax Exemptions None
Tax Year 2022
$1,900,000 Listing Price:
MLS # 12027228
Investment Profile Residential Income
Listing Market Time 30 days
Basement Walkout
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 04/15/2024
Year Built 1881
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