3536 W Wolfram Street
Chicago, IL 60618

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $549,888

About this home

Great looking ((LEGAL 2 UNIT)) Multi-family located right on the border of Avondale and Logan Square. Great Value Add ++ with this building as the basement currently has been semi-gutted and is ready for new owners to take advantage of making that 3rd unit into a fully rentable unit as the building is located in the City of Chicago's new ((ADU program / Northwest Area)). And the top floor could easily be reconfigured for even more value add if that space was made into a Duplex up with the right vision. ((The building was updated in 2018)). The owners Completed a Full Gut Rehab to the 2nd floor and a Full Cosmetic Rehab to the 1st floor minus the bathroom. Both of the current rentable units have New Kitchens with Newer Cabinets, Beautiful Granite Countertops along with Newer Appliances from 2018 and Newer Laminated Hardwood Floors. The entire building has All New Electric, All New Plumbing and All New HVAC work completed along with 2 New Furnaces & AC units replaced as well. Both units are more or less ((2 Bedrooms, 1 Bath, Livingroom, Kitchen, a cute Den and they each have a great Sunroom in the rear)). And lastly, there's a Washer & Dryer conveniently located in the basement that is not in the Basements 3rd units living space. The Backyard is really Great too with a good amount of greenspace space with plenty of sun. The property is ideally located near tons of new restaurants and shopping along with your close proximity to public transportation and just a few minutes drive to the highway.

Property details

Interior Features
Additional Rooms Den, Utility Room-Lower Level
Basement Description Finished, Exterior Access
Basement Full ,English
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1735
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 6
Tenant Pays Electric,Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1800
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 6
Tenant Pays Electric,Heat
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Vinyl Siding
Exterior Property Features Patio
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2018
Roof Type Asphalt
MRD Virtual Tour Image360+realtor
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Gated, Sidewalks, Street Lights, Street Paved
Area Major CHI - Avondale
Zoning Type MULTI
Corporate Limits Chicago
Directions Milwaukee Ave north of Diversey to Wolfram - west to property
Equipment Ceiling Fan(s), Water Heater-Gas
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Lot Dimensions 25X125
Lot Description Fenced Yard
Lot Size Less Than .25 Acre
Other Structures None
Ownership Fee Simple
Style of House Tri-Level
Type Unit 2 Flat, 3 Story Unit/s
Number Of Units in Building 2
Property Type Two to Four Units

Financials

ElectricExpense 900
Electric Expense Source Actual
Financing Conventional
Gross Rental Income $42,420
Insurance Expense $2,033
Insurance Expense Source Actual
Net Oper Income $29,665
Rental Income 3535
Investment Profile Residential Income
Water Expense $1,201

Tax/Assessments/Liens

PIN 13262230180000
Special Assessments N
Taxes $8,260
Tax Year 2022
$549,888 Listing Price:
MLS # 11992692
Investment Profile Residential Income
Listing Market Time 53 days
Basement Full ,English
Type Unit 2 Flat, 3 Story Unit/s
Number of Units in Building 2
Parking Garage
List Date 02/29/2024
Year Built
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