Closed

$650,000

1516 Keystone Avenue, Chicago, IL 60651
11 Beds4 Baths7 days
1516 Keystone Avenue·Chicago, IL 60651
11Bedrooms
4Bathrooms
1912Year Built
About This Home

Investor alert in West Humboldt Park! This classic brick building is a legal 3-flat with an additional fully renovated 2-bedroom, 1-bath garden unit featuring front and rear egress. Situated on an oversized lot, the three large 3-bedroom, 1-bath units each offer formal dining rooms, high ceilings, hardwood floors, original built-ins, and enclosed back porches. The garden unit is currently vacant and ready to rent at market rates between 1,500-1,700 dollars/month, while the three main units are occupied and generating steady income. Recent improvements include two new furnaces and AC units (servicing three units), sump pump and flood control system, partial sewer line replacement, new stainless appliances in the basement, unit 2, and unit 3, a walkout door added to the basement, extended HVAC into the laundry, new washer and dryer, electrical upgrades, and a garage door opener for the 3-car garage. Roof is approximately 8 years old. All units have gas-forced air, central AC, and separate utilities. Shared laundry in basement. Garage provides extra income. Property is being sold as-is. Seller and broker make no representations as to the legal status of the garden unit.

MLS# 12325723Listed April 23, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms4
Total Rooms22

Size & Structure

Garage Spaces3
Year Built1912
Lot Size37X126

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$650,000
Annual Taxes (2023)$8,913
Monthly Tax Est.$743
Parcel #16032090260000
Interior Features

Heating

Natural Gas

Basement

FinishedPartially FinishedPartial
Exterior & Lot

Construction

Brick

Roof

Flat
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$8,913
Tax Year 2023
Monthly Tax Est.
$743
per month
Property Location

1516 Keystone Avenue, Chicago, IL 60651Cook County

$650,000
1516 Keystone Avenue
11 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
3-car garage
37X126
$8,913/yr taxes
$4,159
estimated monthly payment
Principal & Interest
$3,416/mo
Property Tax
$743/mo
$650,000
20% — $130,000
3%50%
6.875%
3%12%
Loan Amount
$520,000
Down Payment
$130,000

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

Listed by
Compass
Agent: Dan Nelson
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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