6106 N Washtenaw Avenue
Chicago, IL 60659

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $725,000

About this home

ASSUMABLE MORTGAGE AT 2.375%! Extremely rare opportunity to purchase an updated brick 3 unit on an oversized lot in West Ridge with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the other two. The first floor is a 3 bed 2 bath + office, the second floor is a 3 bed 1 bath, and the garden is a non-conforming 2 bed 1 bath. Hardly anything to do as all units have many updates including renovated kitchens, vinyl windows, hardwood floors, large bedrooms, and desirable layouts. Building has a 2017 main boiler, mostly copper water lines, well maintained roof with silver coat, 2014 water heater, wide heated front stairwell with vintage detail, coin laundry, 2 car heated garage, and extra concrete parking pad for 2 additional tandem parking spaces that was previously rented for $125/month. Amazing location and across the street from Green Briar Park, CTA bus stop 1 block away, walking distance to bustling Devon Ave. We may never see 2.375% interest rates ever again! Don't miss this exceptionally rare opportunity. Owner occupancy required for assumption. Current assumable loan balance is $438K.

Property details

Interior Features
Additional Rooms Den, Enclosed Porch
Basement Description Finished
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 14
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Dishwasher, Window Air Conditioner, Garage/Space, Range Hood, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 05/25
Rooms Total 7
Security Deposit 1900
Tenant Pays Electric
Floor Number 1
Square Feet 1423
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Microwave, Window Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 6
Tenant Pays Electric
Floor Number 2
Square Feet 1461
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Additional Media Type 1 Video
Additional Media URL 1 External link
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1923
Parking Total 4
Exterior Building Type Brick
Exterior Property Features Patio, Storms/Screens
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s), Heated
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Features Side Apron, Alley Access
Garage On-Site Yes
Parking Ownership Owned
Parking Garage,Space/s
Roof Type Rubber ,Flat
MRD Virtual Tour None
Virtual Tour Date 02/09/2024 9:30 pm
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Sidewalks, Street Lights, Street Paved
Area Major CHI - West Ridge
Corporate Limits Chicago
Directions W Devon Ave, South on N Washtenaw to 6106
Equipment TV-Dish, Ceiling Fan(s)
Elementary School Dewitt Clinton Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Radiator(s)
High Sch Mather High School
High Sch Dist 299
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Lot Dimensions 33X125
Lot Description Fenced Yard, Outdoor Lighting, Sidewalks
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

Financials

ElectricExpense 1621
Electric Expense Source Actual
Financing Assumption
Fuel Expense $2,507
Fuel Expense Source Actual
Gross Rental Income $57,480
Other Addl Income Coin Laundry, Garage/s
Rental Income 4790
Investment Profile Residential Income
Water Expense $3,336

Tax/Assessments/Liens

PIN 13012170340000
Special Assessments N
Taxes $8,433
Tax Exemptions None
Tax Year 2022
$725,000 Listing Price:
MLS # 11977728
Investment Profile Residential Income
Listing Market Time 84 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage,Space/s
List Date 02/09/2024
Year Built 1923
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...