2142 W Warner Avenue
Chicago, IL 60618

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $995,000
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About this home

Seller accepted offer on 8/23. O.H. for 8/24 has been cancelled. Discover a rare opportunity in the heart of North Center with this renovated legal 4-unit property, located in the coveted Coonley School District. The front building features three (3) beautifully updated units, including (2) 2-bed / 1-bath apartments and (1) spacious 1-bed / 1-bath apartment. In the rear, a charming two-level 2-bed /1-bath coach house awaits, ideal for future owner occupancy. Renovated in 2014, each unit boasts modern kitchens with granite countertops, stainless steel appliances, separate furnaces and in-unit washers and dryers. With a total in-place rental income of $94, 140/year ($7, 845/month), this property offers both immediate returns and potential for growth by adding central AC to two units. Enjoy the vibrant neighborhood with top dining and entertainment options just steps away, including local favorites like the Bad Apple, Rocks North Center, Rambler, Don Pedro, Lou Malnati's and many more. Don't miss out on this exceptional investment or live-in opportunity in a thriving Chicago community!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1910
Exterior Building Type Vinyl Siding, Brick
Parking None
Rehab Year 2014
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Center
Corporate Limits Chicago
Directions Warner one way heading west. One block west of Lincoln Ave. Warner is three streets north of Irving Park. North Center location.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Finished, Partially Finished
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 15
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1625
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 07/25
Rooms Total 3
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1750
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 06/25
Rooms Total 4
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1875
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/25
Rooms Total 4
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 3
unit 4
Beds Total 2
Baths Total 1
Actual Rent 2595
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 06/25
Rooms Total 4
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number C
Property / Lot Details
Lot Dimensions 3125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat, Coach House
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 334
Electric Expense Source Actual
Financing Cash
Fuel Expense $541
Fuel Expense Source Actual
Other Expenses 2 1000
Gross Rental Income $94,140
Insurance Expense $2,500
Insurance Expense Source Broker Projection
Manager Expense Source BP
Net Oper Income $72,371
Other Expense Source Broker Projection
MaintenanceExpense 1000
Rental Income 94140
Investment Profile Residential Income
Water Expense $2,073

Tax/Assessments/Liens

PIN 14183190300000
Special Assessments N
Taxes $14,321
Tax Year 2023
$995,000 Listing Price:
MLS # 12143680
Investment Profile Residential Income
Listing Market Time 62 days
Basement Full
Type Unit 4 Flat, Coach House
Number of Units in Building 4
Parking None
List Date 08/20/2024
Year Built 1910
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