51 N Menard Avenue
Chicago, IL 60644

Status: Active Under Contract
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $510,000

About this home

BEAUTIFUL BRICK 2-FLAT SITTING ON A 25' X 178' LOT AND ON A CUL-DE-SAC STREET. THE PERFECT CANDIDATE TO DUPLEX DOWN FROM THE FIRST FLOOR OR COMPLETE AN APARTMENT IN THE BASEMENT FOR EVEN MORE INCOME AS THERE ARE 2 ENTRANCES AND EXITS. OFFSET A MORTGAGE WITH TWO RENTS AND LIVE ALMOST FREE OF OUT OF POCKET EXPENSES. THIS IS ONE OF THOSE FEW CHICAGO TWO-FLATS WITH THE CLASSIC DINING ROOM OFF THE KITCHEN LAYOUT. BEAMED CEILING IN THE DINING ROOM, FIREPLACE IN THE LIVING ROOM, SPRAWLING COVERED FRONT PORCHES, AND AN EXTRA-LARGE 2-CAR GARAGE WITH A POWER CAR DOOR OPENER AND ANOTHER MANUALLY OPERATED DOOR LEADING TO THE BACK YARD. THE 1ST FLOOR IS EMPTY AND HAS BEEN EXTENSIVELY REMODELED. THE 2ND FLOOR WAS REMODELED TWO YEARS AGO; PAINT, REFINISHED FLOORS AND KITCHEN AND BATH INSTALLED WITH NEWER APPLIANCES AND IT IS CURRENTLY OCCUPIED. BOTH UNITS ARE TRUE 3 BEDROOMS AND EACH HAS AN ENCLOSED PORCH, IF A 4TH BEDROOM IS NECESSARY. THE BOILER IS APPROXIMATELY 4 YEARS OLD FOR EXTRA-CLEAN RADIATOR HEAT. ONE NEW HOT WATER TANK IN THE BASEMENT AND THE 2ND HW TANK IS ONLY 4 YEARS OLD. NEW COPPER PLUMBING AND DRAINS THRU-OUT THE BUILDING AND 90% NEWER ELECTRIC. GREAT LOCATION! WALK 2 BLOCKS SOUTH AND PLAY GOLF IN COLUMBUS PARK. WALK 2 BLOCKS WEST AND YOU'RE IN OAK PARK (LITERALLY!). DRIVE 5 MINUTES OR LESS SOUTH AND YOU'RE ON THE EISENHOWER 290, AND DRIVE 5 MINUTES NORTH AND THE GREEN LINE AWAITS. BUILDING WILL ONLY BE SOLD AS-IS, BUT IT'S IN GREAT SHAPE!

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Unfinished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 2
Full Baths in Building Count 2
Total Rooms 12
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Fireplace-Artificial, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Tenant Pays Electric, Gas, Heat, Other
Floor Number 1
Square Feet 1250
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1792
Appliances And Features Fireplace-Artificial
Full Baths Total 1
Lease Expiration Date 1/25
Rooms Total 6
Tenant Pays Electric, Gas, Other
Floor Number 2
Square Feet 1250
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1915
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Balcony
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2024
Roof Type Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Austin
Zoning Type MULTI
Corporate Limits Chicago
Directions Washington Blvd to Menard, south to property
Equipment Water Heater-Electric, Water Heater-Gas
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Subdivision Austin Village
Township West Chicago
Property / Lot Details
Lot Dimensions 25X178
Lot Description Fenced Yard, Chain Link Fence
Lot Size Source County Records
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

ElectricExpense 507
Electric Expense Source Actual
Fuel Expense $2,054
Fuel Expense Source Actual
Gross Rental Income $21,504
Insurance Expense $3,300
Insurance Expense Source Owner Projection
Rental Income 1792
Investment Profile Residential Income
Water Expense $2,640

Tax/Assessments/Liens

PIN 16084210040000
Special Assessments N
Taxes $3,075
Tax Year 2022
$510,000 Listing Price:
MLS # 12033113
Investment Profile Residential Income
Listing Market Time 11 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 04/24/2024
Year Built 1915
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