Closed

$845,000

1417 Olive Avenue, Chicago, IL 60660
7 Beds4 Baths44 days
1417 Olive Avenue·Chicago, IL 60660
7Bedrooms
4Bathrooms
1912Year Built
About This Home

3-unit all-brick building on a large lot in the Andersonville neighborhood. It's fully leased, featuring a 3 bed/2 bath duplex (Unit 1) and two 2 bed/1 bath units (Units 2 and 3). Highlights include hardwood floors, spacious interiors, high ceilings, and separate HVACs. Also includes a 2-car garage for extra income and the option to transform the basement into another unit under the ADU program. There's also a new coin laundry in the basement. Recent upgrades include Unit 2's kitchen (2016) and Unit 3's kitchen and bath (2019). Rents are below market and have room for growth. Unit 1 is perfectly positioned for rehab potential and has many possibilities in addition to the ADU potential. This is a good opportunity for first-time investors or owner-occupant buyer.

MLS# 11966794Listed January 25, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms21

Size & Structure

Garage Spaces2
Year Built1912
Lot Size30' X 137'

Location

CountyCook
TownshipLake View
Zip Code60660

Financial

List Price$845,000
Annual Taxes (2022)$14,192
Monthly Tax Est.$1,183
Parcel #14053300270000
Interior Features

Heating

Natural GasForced Air

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$14,192
Tax Year 2022
Monthly Tax Est.
$1,183
per month
Property Location

1417 Olive Avenue, Chicago, IL 60660Cook County

$845,000
1417 Olive Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
44 days on market
2-car garage
30' X 137'
$14,192/yr taxes
$5,624
estimated monthly payment
Principal & Interest
$4,441/mo
Property Tax
$1,183/mo
$845,000
20% — $169,000
3%50%
6.875%
3%12%
Loan Amount
$676,000
Down Payment
$169,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Essex 312, LLC
Agent: Ryan Blake
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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