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616 W Patterson Avenue

Chicago, IL 60613
  • $1,995,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 11234598
UPDATED: 38 min ago
$1,995,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1919
County:

School Ratings & Info

Description

Don't miss this rare opportunity to invest in a boutique six-unit apartment building located in desirable East Lakeview. This offering is for a bulk sale of all six condominium units in a six-unit building all being sold by one owner. Unlock additional value by renovating units and increasing rents. Talk to your architect and zoning attorney regarding the potential to add two additional units to the basement. The property does not have alley access or onsite parking however, its does offers tenants a huge 2,200 sf private yard. The location speaks for itself with Lake Michigan one block to the east and bars restaurants and shopping one block to the west along Broadway Ave. The Addison Red Line & Wrigley Field are both a five-minute walk from the property.

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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 2021-11-29T07:04:39.497 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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616 W Patterson Avenue Chicago, IL 60613

  • Price: $1,995,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 38 min ago
  • MLS #: 11234598
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1919
Built
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Property Description
Don't miss this rare opportunity to invest in a boutique six-unit apartment building located in desirable East Lakeview. This offering is for a bulk sale of all six condominium units in a six-unit building all being sold by one owner. Unlock additional value by renovating units and increasing rents. Talk to your architect and zoning attorney regarding the potential to add two additional units to the basement. The property does not have alley access or onsite parking however, its does offers tenants a huge 2,200 sf private yard. The location speaks for itself with Lake Michigan one block to the east and bars restaurants and shopping one block to the west along Broadway Ave. The Addison Red Line & Wrigley Field are both a five-minute walk from the property.
Exterior Features

Parking Total 0

Interior Features

Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Gross Income 148308 Gross Scheduled Income 148308 Insurance Expense 0 Maintenance Expense 0 Net Operating Income 92981 Operating Expense 50878 Tax Annual Amount 21386 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 12359 Township Lake View Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Chicago Real Estate Resources.


© 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 2021-11-29T07:04:39.497 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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