5737 N Washtenaw Avenue
Chicago, IL 60659

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $849,000
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About this home

BRAND NEW COACH HOUSE! Incredible opportunity to own a one-of-a-kind multi-unit property on a 30' lot in Arcadia Terrace. This property is one of the first in the neighborhood to have a coach house built as part of Chicago's ADU pilot program. Enjoy the income produced from the legal 2-flat at the front of the property, as well as your new construction coach house at the rear above the 3 car garage - perfect for occupying, furnished corporate rental, or just more traditional long-term rental income. The front building is comprised of two 3Br/1Ba units, while the coach house is a 2Br/1Ba layout with all brand new finishes. All three units have their own laundry, HVAC, electricity and gas meters, as well as the opportunity for one garage parking space each. The property has been meticulously maintained and updated with tuck pointing complete, windows and lintels replaced, roof sealed and silver coated, 70% copper plumbing, new walkways and gates, a landscaped backyard with pavers, along with too many individual updates made to each unit to count. High demand location that is appreciating rapidly - all units are occupied and creating strong cash flow. There is nothing like this for sale on the NW side - schedule your showing today!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1918
Parking Total 3
Exterior Building Type Brick
Exterior Property Features Patio, Storms/Screens
Garage Details Garage Door Opener(s), Transmitter(s), 7 Foot or more high garage door
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - West Ridge
Corporate Limits Chicago
Directions N Washtenaw between W Ardmore and W Hollywood
Equipment Intercom, CO Detectors, Ceiling Fan(s)
Elementary School Jamieson Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Mather High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Jamieson Elementary School
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 3
Full Baths in Building Count 3
Total Rooms 17
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 6
Security Deposit 1850
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1320
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1675
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 6
Security Deposit 1395
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1320
unit 3
Beds Total 2
Baths Total 1
Actual Rent 2000
Appliances And Features Stove, Refrigerator, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 9/24
Rooms Total 3
Security Deposit 2100
Tenant Pays Electric, Gas, Heat
Floor Number C
Square Feet 900
Property / Lot Details
Lot Dimensions 3720
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat, Coach House
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 276
Electric Expense Source Actual
Financing Conventional
Fuel Expense $846
Fuel Expense Source Actual
Insurance Expense $2,400
Insurance Expense Source Actual
Rental Income 66900
Investment Profile Residential Income
Water Expense $1,860

Tax/Assessments/Liens

PIN 13014180090000
Special Assessments N
Taxes $10,246
Tax Exemptions None
Tax Year 2022
$849,000 Listing Price:
MLS # 11975857
Investment Profile Residential Income
Listing Market Time 79 days
Basement Full
Type Unit 2 Flat, Coach House
Number of Units in Building 3
Parking Garage
List Date 02/14/2024
Year Built 1918
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