Closed

$975,000

1440 Washtenaw Avenue, Chicago, IL 60622
12 Beds7 Baths8 days
1440 Washtenaw Avenue·Chicago, IL 60622
12Bedrooms
7Bathrooms
1995Year Built
About This Home

Huge 4 unit building in East Humbolt Park / West Wicker Park. Previous owners have kept the building well maintained. Estate Sale. Three 3Bd/ 2Bth units w/ hardwood floors, high ceilings, living/dining combo, fireplace, spacious rooms & a private deck. 3 gated parking spaces. Units filled with lots of light. All units have white / neutral original kitchens and baths in good condition. Custom closets throughout. *Gross yearly income when rented was $86400. $1900 for 3 units & $1500 for garden. * The unit mix consists of three 3 Bedroom 2 Bathroom units that measure approximately 1,300 square feet and one 3 bedroom 1 bath garden unit that measures approximately 1,000 square foot respectively. Three units also feature their own built-in gas-operated fireplaces. Previous tenants paid gas, electric, and heat. The property offers investors a unique opportunity to purchase a quality Multifamily asset in a prime location, w/ the ability to increase cash flow by raising rents. 3 units are vacant and lease expiring soon for the garden unit. 25x125 lot. Building according to the tax records is 4984 square feet. Coin laundry in the basement. Only a few minutes drive to the I-94 Kennedy Expressway, 0.6 miles west of the CTA's Damen Blue Line train station, and just 200 feet south of the CTA's North Avenue & Campbell bus 72 stop. The 606 trail is steps away, as is the gem of Humboldt Park and the Garfield Park conservatory. The WoW (West of Western) commercial district is home to a growing collection of small design & fashion businesses including An Orange Moon, Richard's Fabulous Finds, Rock Solid Health, Bottle and Branch, or Illumination Art & Design.

MLS# 11868713Listed August 29, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms12
Total Bathrooms7
Total Rooms3

Size & Structure

Year Built1995
Lot Size0.070 acres

Location

CountyCook
TownshipNorth Chicago
Zip Code60622

Financial

List Price$975,000
Annual Taxes (2021)$15,484
Monthly Tax Est.$1,290
Parcel #16012090270000
Interior Features

Heating

Natural Gas

Basement

FinishedDaylight
Exterior & Lot

Construction

BrickBlock

Roof

Flat

Foundation

Concrete Perimeter

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Parking LotOn SiteOwned
HOA & Community

Community Features

ParkSidewalksStreet Lights
Tax & Financial
Annual Taxes
$15,484
Tax Year 2021
Monthly Tax Est.
$1,290
per month
Property Location

1440 Washtenaw Avenue, Chicago, IL 60622Cook County

$975,000
1440 Washtenaw Avenue
12 bd7 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
0.070 acres
$15,484/yr taxes
$6,414
estimated monthly payment
Principal & Interest
$5,124/mo
Property Tax
$1,290/mo
$975,000
20% — $195,000
3%50%
6.875%
3%12%
Loan Amount
$780,000
Down Payment
$195,000

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

Listed by
RE/MAX Premier
Agent: Frank Polancic
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