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$615,000

1422 Edgewater Avenue, Chicago, IL 60660
5 Beds3 Baths6 days
1422 Edgewater Avenue·Chicago, IL 60660
5Bedrooms
3Bathrooms
1908Year Built
About This Home

ANDERSONVILLE- 3-UNIT BUILDING SITTING ON A QUIET TREE-LINED STREET JUST 1 BLOCK OFF CLARK STREET by Gethsemane Garden Center in one of the hottest neighborhoods on Chicago's north side. It doesn't get better than this in this easy-to-rent location just 4.5 blocks to the Red Line Bryn Mawr "L" Stop and 5 blocks to the soon to be new Edgewater Metra Stop as well a plethora of cafes, restaurants and shopping right outside your door! All 3 apartments have private back decks, their own HVAC systems and pay their own gas and electricity. Rents are below market value and could be higher, especially so with further cosmetic updates. Perfect for the owner-occupied buyer or investor alike. The 3rd floor could easily be combined with the 2nd floor for a wonderful 3 BR, 2BTH owner's duplex up if so desired. Unfinished basement could also be combined with the first floor for another duplexed apartment although current layout of building is perfect as is. Great value with lots of room for added value in the form of increased rents. Whole building would make a nice single-family conversion as well. 2-car parking in back of property. All this in an A+ location close to the lakefront and in the highly desirable Peirce School District. This building has very low property taxes and low expenses for the owner due to its maintenance free-exterior. It also has a pitched asphalt shingled roof which lasts longer and is more cost effective than a flat roof and front and back staircases are enclosed for reduced snow removal costs in the winter months. This building is being sold as a 2-unit building with a very nice non-conforming 3rd floor apartment on the 3rd floor which has it's own front and back entrance and would likely be easy to get approved by the city as a 3rd additional dwelling unit if so desired.

MLS# 11693417Listed January 1, 2023Residential IncomeTraditional
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms17

Size & Structure

Year Built1908
Lot Size25 X 95 X 33 X 80

Location

CountyCook
TownshipLake View
Zip Code60660

Financial

List Price$615,000
Annual Taxes (2020)$6,031
Monthly Tax Est.$503
Parcel #14053160590000
Interior Features

Heating

Natural GasForced AirSep Heating Systems - 2+Indv ControlsZoned

Basement

UnfinishedFull
Exterior & Lot

Construction

Vinyl Siding

Patio & Porch

Deck

Lot Features

Irregular Lot
Utilities & Parking

Water Source

Lake Michigan

Parking

Off AlleyOn SiteOwned
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Schools
Elementary
Peirce Elementary School Intl St
District: 299
High School
Senn High School
District: 299
Tax & Financial
Annual Taxes
$6,031
Tax Year 2020
Monthly Tax Est.
$503
per month
Property Location

1422 Edgewater Avenue, Chicago, IL 60660Cook County

$615,000
1422 Edgewater Avenue
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
6 days on market
25 X 95 X 33 X 80
$6,031/yr taxes
$3,735
estimated monthly payment
Principal & Interest
$3,232/mo
Property Tax
$503/mo
$615,000
20% — $123,000
3%50%
6.875%
3%12%
Loan Amount
$492,000
Down Payment
$123,000

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

Listed by
Baird & Warner
Agent: Michael Hall
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