5347 N Wayne Avenue
Chicago, IL 60640

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $850,000

About this home

APPRAISED AT ITS CURRENT CONDITION @$950, 000. Welcome to your chance to own a piece of Andersonville history! This stunning brick 2-flat, nestled in the heart of the highly sought-after Andersonville community in Chicago, has never before been on the market. Sold "AS-IS, " this property presents an extraordinary opportunity for savvy investors and vintage enthusiasts alike. Featuring two expansive 7+ room vintage units, this property offers the flexibility of generating impressive rental income or the potential for luxurious duplex living. Each unit boasts charming brick decorative fireplaces, hardwood trim and floors, soaring high ceilings, and exquisite stained glass windows. Enjoy the unique character of sunrooms and enclosed rear 3-season porches, perfect for relaxing or entertaining guests. Though in need of some TLC and deferred maintenance, the possibilities are limitless for transforming this stately residence into a show-stopping masterpiece. With a long-term tenant currently on a month-to-month lease, you have the option to retain stable rental income or embark on your renovation journey immediately. Situated in the highly desirable Lakewood Balmoral Historic District. The building itself spans 3878 sq. ft. with a full basement, providing abundant potential for value-added improvements. The first-floor unit features 2 bedrooms and 1 bath, while the second-floor unit offers 3 bedrooms and 1.5 baths. Both units include separate dining rooms, kitchens with storage pantries, decks, and sunrooms within the primary suites. Additionally, the attic presents an exciting opportunity to create a stunning primary bedroom retreat with your unique vision. Conveniently located within a leisurely stroll to all that Andersonville has to offer - from charming boutiques and eclectic dining options to serene parks and lakefront recreation. Plus, enjoy easy access to top-rated schools including Peirce School of International Studies, Sacred Heart, Northside Catholic Academy, Rogers Park Montessori, and Lysee Francais. Don't miss out on this incredible opportunity to own a piece of Andersonville's vibrant history and realize your vision for a dream home or lucrative investment. Bring your contractors, unleash your creativity, and make this diamond in the rough shine! Schedule your showing today. AS-IS sale.

Property details

Property / Lot Details
Acreage 0.09
Lot Dimensions 3690
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1904
Parking Total 2
Exterior Building Type Brick
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
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Edgewater
Zoning Type MULTI
Corporate Limits Chicago
Directions West of Broadway, East of N. Clark Street, South of Balmoral St and North of Berwyn.
Equipment Water Heater-Gas
Elementary School Peirce Elementary School Intl St
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Senn High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Peirce Elementary School Intl St
Jr High/Middle Dist 299
Subdivision Andersonville
Township Lake View
Interior Features
Basement Description Unfinished, Bathroom Rough-In
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 4
Full Baths in Building Count 2
Half Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1600
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 7
Security Deposit TBD
Tenant Pays Electric, Gas, Heat, Scavenger, Sewer, Water
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Rooms Total 8
Tenant Pays All
Floor Number 2

Financials

Financing Cash
Rental Income 1600
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14081190050000
Special Assessments N
Taxes $1,437
Tax Year 2021
$850,000 Listing Price:
MLS # 12026493
Investment Profile Residential Income
Listing Market Time 50 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 04/10/2024
Year Built 1904
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