871 N Richmond Street
Chicago, IL 60622

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $699,000
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About this home

Outstanding investment opportunity to acquire a meticulously maintained multi-unit property in the desirable East Humboldt Park area. This property features three units: two units have three bedrooms and one bathroom each, while the garden unit offers two bedrooms and one bathroom. While the building features vintage finishes, Unit 1 & 2 (pictured) boasts newer kitchen cabinets, granite countertops, ss appliances (inc dishwasher), backsplash, an updated bathroom, central AC (unit 1), in unit w/d, and more. Currently, two tenants are on month-to-month leases, providing flexibility for either an experienced investor or an owner interested in house hacking. The property includes a two-car garage and a dog-friendly backyard, ideal for relaxation. Located on a tranquil street with abundant parking, it's also within walking distance to numerous shops and restaurants. Tenants pay gas and electric while owner pays water and trash. Garden unit a is "non-conforming" unit.

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 30X125
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
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 1905
Parking Total 2
Exterior Building Type Brick, Stone, Limestone
Parking On-Site No
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Zoning Type MULTI
Corporate Limits Chicago
Directions EAST TO SACRAMENTO NORTH OF GRAND
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 3
Full Baths in Building Count 3
Total Rooms 16
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 800
Appliances And Features Laundry Hook-Up
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 2100
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1950
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 3

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16013240050000
Special Assessments N
Taxes $11,713
Tax Year 2023
$699,000 Listing Price:
MLS # 12105799
Investment Profile Residential Income
Listing Market Time 86 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 07/09/2024
Year Built 1905
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