For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11014747
Sold Date 04/30/21
Bedrooms 6
Full Baths 2
Year Built 1917
Annual Tax Amount $11,471
Tax Year 2019
Lot Dimensions 30 X 160
Property Sub-Type Two to Four Units
Property Description
Outstanding Lincoln Square 2-Flat on Extra Wide and Very Long 30 x 165 lot. Duplex Down could be perfect for owner occupant or continue as rental. Both Units are 3 bed 1 Bath. Queen bed sized bedrooms. Separately metered Utilites, separate HVAC, Washer Dryer in each unit, 3 large storage closets. Full gut rehab in 2012 with new electrical, plumbing, mechanicals, etc. Great Layouts with storage, granite and stainless kitchens, large living spaces and massive back yard with a large deck for Unit 1. 2 Car Garage. Easy walk to Brown Line and Busses. Great location close to Lincoln Square retail and restaurants. Unit 2 rented currently at $1,825 with escalation through 5/31/2022. 60 day kick out clause. Unit 1 leased at $2,275 through 3/31/2021 with 30 day extension through 4/30/2021. Proforma Gross Rent of $51,600 per year for a GRM of 14. Pro Forma Gross Rent less taxes = Cap Rate of 5.5%
Location
State IL
County Cook
Area Chi - Lincoln Square
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Deck, Porch, Storms/Screens, Cable Access
Parking Features Detached
Garage Spaces 2.0
Roof Type Rubber
Building
Lot Description Fenced Yard
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan, Public
New Construction false
Schools
Elementary Schools Budlong Elementary School
High Schools Amundsen High School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Bethanie Williams • @properties