2637 W Luther Street
Chicago, IL 60608

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $399,000
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About this home

CALLING ALL INVESTORS! Great opportunity to own this legal 3 units building with great income potential or owner occupy. On the border of Pilsen/Little Village /Marshal Square area. First floor has 2 units 1 Bedroom and 1 bath. Larger unit in rear has 3 bedrooms completely remodeled new kitchen cabinets and updated bathroom, separated utilities, w/ac and new central heating. 2nd floor is 1 bedroom remodeled unit with central heating system. Recently updated: heating units, plumber and electricity and tuckpointing. Full unfinished basement waiting for your ideas.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1898
Exterior Building Type Brick
Foundation Concrete Perimeter
Parking None
Rehab Year 2022
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Lawndale
Corporate Limits Chicago
Directions 26th Street to Rockwell, N to Luther, W to address
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished, Cellar
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 3
Full Baths in Building Count 3
Total Rooms 12
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 800
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1800
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1100
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1100
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 650
Property / Lot Details
Deconversion N
Lot Dimensions 25 * 71
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 550
Electric Expense Source Owner Projection
Financing Conventional
Fuel Expense Source Owner Projection
Other Expenses 2 800
Gross Rental Income $40,800
Insurance Expense $850
Insurance Expense Source Broker Projection
Manager Expense Source AC
Net Oper Income $35,650
Other Expense Source Broker Projection
MaintenanceExpense 700
Rental Income 40800
Investment Profile Residential Income
Water Expense $2,250

Tax/Assessments/Liens

PIN 16252190090000
Special Assessments N
Taxes $6,885
Tax Exemptions Homeowner
Tax Year 2022
$399,000 Listing Price:
MLS # 11975429
Investment Profile Residential Income
Listing Market Time 45 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking None
List Date 02/06/2024
Year Built 1898
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