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$1,295,000

1702 Wolcott Avenue, Chicago, IL 60622
8 Beds4 Baths44 days
1702 Wolcott Avenue·Chicago, IL 60622
8Bedrooms
4Bathrooms
1930Year Built
About This Home

Fully leased TURNKEY 4 unit corner brick building in the absolute heart of Bucktown. Situated on the premier residential block of Wabansia, two blocks from the Damen blue line stop, three blocks from 94, the 606 trail, and all of the restaurants Wicker/Bucktown has to offer. Surrounded by multi million dollar houses, the potential for adding value through unit renovations is significant. The building is currently configured as five apartments. Each unit features two (2) bedrooms and one (1) bathroom. The fifth non- conforming unit was built out 3 years ago and features stainless steel appliances, designer-grade finishes, central air and washer/dryer in unit, and a private entrance, allowing it to be utilized as an Airbnb in a top notch tourist destination. Additionally the building offers on-site laundry in basement, the roof was re-done in 2016, bathrooms and kitchen both gutted and remodeled within the past 10 years. 1702 N Wolcott is a rare opportunity to own a corner building in a prime Bucktown location with an endless choice of trendy restaurants, local bars and entertainment options just steps away. This property provides an excellent opportunity for a new operator to cash-flow as is, or make renovations that would significantly increase the value of the property.

MLS# 11684971Listed December 8, 2022Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms20

Size & Structure

Year Built1930
Lot Size25X81

Location

CountyCook
TownshipWest Chicago
Zip Code60622

Financial

List Price$1,295,000
Annual Taxes (2020)$14,295
Monthly Tax Est.$1,191
Parcel #14314170420000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick

Roof

Flat

Foundation

Brick/MortarConcrete Perimeter

Lot Features

Corner Lot
Utilities & Parking

Sewer

Public Sewer

Water Source

Public
Tax & Financial
Annual Taxes
$14,295
Tax Year 2020
Monthly Tax Est.
$1,191
per month
Property Location

1702 Wolcott Avenue, Chicago, IL 60622Cook County

$1,295,000
1702 Wolcott Avenue
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
44 days on market
25X81
$14,295/yr taxes
$7,997
estimated monthly payment
Principal & Interest
$6,806/mo
Property Tax
$1,191/mo
$1,295,000
20% — $259,000
3%50%
6.875%
3%12%
Loan Amount
$1,036,000
Down Payment
$259,000

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

Listed by
Peak Realty Chicago
Agent: Julia Cullhaj
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