3521 N Western Avenue
Chicago, IL 60618

Status: Active Under Contract
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $895,000

About this home

Beautifully maintained and updated two flat with finished basement on an extra-wide 30' lot in Bell school district. Enjoy all the restaurants and amenities that Roscoe Village / North Center has to offer! Walkable to the Addison Brown Line. Perfect for an owner-occupant or an armchair investor. Unit 1 is a 5 bedroom, 3 bathroom duplex down. Unit 2 is a 2 bedroom / 1 bathroom simplex. Building has been updated from top to bottom with meticulous detail. Current owner finished basement for a duplex down with unit 1. Both kitchens have been completely rehabbed with stainless steel appliances, new custom cabinetry, Corian counter tops, and backsplash. All bathrooms are updated. Laundry in each unit. Sunny and spacious private yard, and brick two car garage. An owner occupant could occupy one or both of the units when the leases expire in June / July 2024. Current rents with garage parking for Unit 1 = $4, 050 and Unit 2 = $2, 600. Annual Gross Revenue = $79, 800 and NOI = $63, 516, a 7% cap rate! B3-2 zoning. This home is turn key ready...Welcome home!

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Finished
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 18
Units
unit 1
Beds Total 5
Baths Total 3
Actual Rent 4050
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 3
Lease Expiration Date 7/24
Rooms Total 12
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 2000
unit 2
Beds Total 2
Baths Total 1
Actual Rent 2600
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1100
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2017
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Center
Zoning Type MULTI
Corporate Limits Chicago
Directions Between Belmont and Addison on East side of Western Ave.
Elementary School Bell Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Lake View High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Bell Elementary School
Jr High/Middle Dist 299
Township Lake View
Property / Lot Details
Lot Dimensions 30 X 107
Lot Description Fenced Yard
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Story Unit/s
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Gross Rental Income $79,800
Net Oper Income $63,516
Rental Income 79800
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14193000060000
Special Assessments N
Taxes $13,354
Tax Year 2022
$895,000 Listing Price:
MLS # 12031295
Investment Profile Residential Income
Listing Market Time 18 days
Basement Full
Type Unit 2 Story Unit/s
Number of Units in Building 2
Parking Garage
List Date 04/16/2024
Year Built
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