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2224 W Addison Street

Chicago, IL 60618
  • $1,375,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 11262012
UPDATED: 4 min ago
$1,375,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:

School Ratings & Info

Description

Amazing North Center/Lakeview location! All Brick 83% Occ. Corner 6 Flat on pretty tree lined Bell Street in highly desirable North Center near Lakeview/Roscoe Village border. The property is comprised of 6 above ground units which include three 2Br/1Ba and 3 1Br/1Ba units and offer an investor a tremendous add value opportunity as rents are well below market for the area. Current tenant leases are ideally staggered and allow the Buyer to renovate as leases come due and continue to have an income stream. The units are incredibly large and offer a sun room, dining room and a kitchen with the respective 1 or 2 bedroom floor plan. Units have been improved. All units feature hardwood floors, updated kitchen and baths. There is space for a 3 Vehicle Car Port in the rear of the property. Property has been well maintained with newer mechanicals. Coin Laundry and Storage Units in basement. The property sits at the corner of Addison and Bell and comprises three addresses - 2224 W Addison and 3605-3607 N Bell. Prime residential location close to major retail corridors with shopping, public transportation & parks nearby. Contact LA for property Package and rent roll.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T21:58:31 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2224 W Addison Street Chicago, IL 60618

  • Price: $1,375,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 4 min ago
  • MLS #: 11262012
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1915
Built
Neighborhood:
Chi - North Center
County:
Cook
Area:
Chi - North Center
Property Description
Amazing North Center/Lakeview location! All Brick 83% Occ. Corner 6 Flat on pretty tree lined Bell Street in highly desirable North Center near Lakeview/Roscoe Village border. The property is comprised of 6 above ground units which include three 2Br/1Ba and 3 1Br/1Ba units and offer an investor a tremendous add value opportunity as rents are well below market for the area. Current tenant leases are ideally staggered and allow the Buyer to renovate as leases come due and continue to have an income stream. The units are incredibly large and offer a sun room, dining room and a kitchen with the respective 1 or 2 bedroom floor plan. Units have been improved. All units feature hardwood floors, updated kitchen and baths. There is space for a 3 Vehicle Car Port in the rear of the property. Property has been well maintained with newer mechanicals. Coin Laundry and Storage Units in basement. The property sits at the corner of Addison and Bell and comprises three addresses - 2224 W Addison and 3605-3607 N Bell. Prime residential location close to major retail corridors with shopping, public transportation & parks nearby. Contact LA for property Package and rent roll.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 1-5 Spaces Parking Total 3 Roof Structure Flat

Interior Features

Basement Unfinished Cooling Window Unit(S) Fireplaces Total 0 Heat Ventilation Radiators Miscellaneous Inside Storage InsideLaundry Room Number Of Dishwashers 0 Number Of Dryers 2 Number Of Ranges 6 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Gross Income 79200 Gross Scheduled Income 79200 Insurance Expense 5445 Maintenance Expense 0 Net Operating Income 40473 Operating Expense 38727 Tax Annual Amount 19884.6 Tax Year 2020 Tenant Pays ElectricityOther Total Monthly Income 6600 Township Lake View Type Multi Family 5+ Utilities Sanitary SewerWater-CommunityWater To Site Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T21:58:31 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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2441 Village Green Place
Champaign IL, 61822