2139 W Grace Street
Chicago, IL 60618

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $849,000

About this home

Multiple offers received. Highest and best due Tuesday, March 19th, by noon. Showings by appointment only Monday, March 18th, from 4:30 - 5:30. Classic Chicago 3-flat on an oversized, extra-wide lot in the highly sought-after Bell School District! Situated on a quiet, tree-lined street in an A+ location close to transportation, restaurants, shopping and Brown Line / public transportation. The meticulously maintained bldg has vintage charm including built-in hutches and stunning original woodwork. The fully occupied building has three legal 3bd/1bath units with long-standing tenants. The spacious units featuring separate living and dining rooms are well appointed with excellent finishes and each unit has their own washer/dryer setup on premises. Kitchens are large with great cabinet/counter space, and huge walk-in pantries, Units 1 and 3 have dishwashers. Rents are below market value so there's room for increased income and the possibility to duplex up the top floor into the large open attic space with great ceiling height presents a great value add component or owner-occupied setup. Completing this amazing investment play is a two car garage and newly poured back patio. All this in a great North Center/St. Ben's neighborhood that is just a few blocks to Trader Joe's and all the wonderful shops and restaurants in Roscoe Village, North Center and Lincoln Square. Short walks to Welles Park, Horner Park and Lane Tech. This can be an ideal armchair investment with solid income as-is, or can be a value add play with strong upside for growth in rents. An excellent bldg to add to your investment portfolio on a fantastic street in one of the most desired neighborhoods on the Northside and located in the highly sought after Bell School District.

Property details

Interior Features
Additional Rooms Enclosed Porch, Utility Room-Lower Level
Basement Description Crawl
Bath Amenities Soaking Tub
Basement Bathrooms No
Basement None
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 3
Full Baths in Building Count 3
Total Rooms 18
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Garage/Space
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1750
Appliances And Features Stove, Refrigerator, Washer, Dryer
Full Baths Total 1
Lease Expiration Date 8/24
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1825
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Garage/Space
Full Baths Total 1
Lease Expiration Date 05/24
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 3
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Brick,Frame
Parking On-Site Yes
Garage Type Detached
Parking Spaces Count 2
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights
Area Major CHI - North Center
Corporate Limits Chicago
Directions Leavitt to Grace, East on Grace to property
Elementary School Bell Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Radiator(s)
High Sch Lake View High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Bell Elementary School
Jr High/Middle Dist 299
Township Lake View
Property / Lot Details
Lot Dimensions 30 X 124
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Cash
Other Expenses 2 3213
Gross Rental Income $62,700
Insurance Expense $3,914
Rental Income 62700
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14191200070000
Special Assessments N
Taxes $15,672
Tax Exemptions None
Tax Year 2022
$849,000 Listing Price:
MLS # 12001583
Investment Profile Residential Income
Listing Market Time 33 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 03/13/2024
Year Built
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