4606 N Damen Avenue
Chicago, IL 60625

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $1,075,000
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About this home

Charming and well-maintained property in the desirable Ravenswood/Lincoln Square area. A turn of the century 1800's farmhouse converted into four separate units it has a unique historical charm combined with modern amenities.. All units are leased to long term tenants at under-market rents representing an opportunity for an investor to adjust leases to market rates. Alternatively an owner or developer has a large lot and structure to create a beautiful single family living environment. Bright and sunny units, with back decks and a landscaped backyard with space to socialize and BBQ contribute to the overall appeal of the property. Landlord supplies Steam heat with new boiler in 2019. New hot water heaters in 2022 and 2023. Brick garage with four parking spaces. The property is a two minute walk to the Damen Ave Brown line stop and 10 minutes to the Metra train making it attractive to potential tenants. The property is being sold As-is.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1896
Parking Total 4
Exterior Building Type Frame
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 4
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lincoln Square
Corporate Limits Chicago
Directions Lawrence Ave to Damen. South on Damen to 4606 N Damen.
Elementary Sch Dist 299
Heat/Fuel Steam
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 17
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1550
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1950
Appliances And Features Stove, Refrigerator, Dishwasher, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 6
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1250
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 3
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 1
unit 4
Beds Total 1
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 3
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions 40 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 212
Electric Expense Source Actual
Financing Conventional
Insurance Expense $3,138
Insurance Expense Source Actual
Other Addl Income Garage/s
Rental Income 72600
Investment Profile Residential Income
Water Expense $2,212

Tax/Assessments/Liens

PIN 14181200180000
Special Assessments N
Taxes $15,426
Tax Year 2022
$1,075,000 Listing Price:
MLS # 11957526
Investment Profile Residential Income
Listing Market Time 86 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 01/08/2024
Year Built 1896
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