Closed

$1,395,000

1900 Bissell Street, Chicago, IL 60614
8 Beds4 Baths22 days
1900 Bissell Street·Chicago, IL 60614
8Bedrooms
4Bathrooms
1886Year Built
About This Home

Beautiful Brick Turnkey Investment Apartment Building in DePaul/Lincoln Park. This property is located on the train side, but residents think it's the best-kept secret in the area. Discover this prime investment opportunity in the highly desirable DePaul/Lincoln Park neighborhood. This charming brick building features three well-maintained apartments plus one non-conforming garden unit. Each unit boasts newer kitchens and bathrooms, high ceilings, and elegant vintage woodwork. The property is equipped with central gas forced air (GFA) heating and air conditioning. The building generates an impressive $115,000 in yearly gross rental income, with the potential for additional earnings from continued rent growth in the area. Located on a beautiful tree-lined street, this property offers residents the perfect balance of urban convenience and neighborhood charm. Situated just one block from the Armitage L stop and five blocks from the DePaul University campus, this property is also within the Oscar Mayer Elementary School District. The proximity to a small park next door and ample zoned parking add to the appeal for potential tenants. Invest in one of Chicago's most sought-after neighborhoods with this solid, income-generating property. Don't miss out on this fantastic investment opportunity! All tenants are on standard leases with a fantastic management company in place. Layouts are attached. Bedrooms are on the smaller end, but haven't affected leasing capabilities. Roof inspection was just completed and report is available. Overall, the roof is in great shape.

MLS# 12204176Listed January 13, 2025Residential IncomeSubdivision: Depaul
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms20

Size & Structure

Year Built1886
Lot Size25 X 60

Location

CountyCook
TownshipNorth Chicago
SubdivisionDepaul
Zip Code60614

Financial

List Price$1,395,000
Annual Taxes (2023)$18,736
Monthly Tax Est.$1,561
Parcel #14324070790000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

BrickStone

Roof

Flat
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off AlleyOn SiteOther
Schools
Elementary
Oscar Mayer Elementary School
District: 299
High School
Lincoln Park High School
District: 299
Tax & Financial
Annual Taxes
$18,736
Tax Year 2023
Monthly Tax Est.
$1,561
per month
Property Location

1900 Bissell Street, Chicago, IL 60614Cook County

$1,395,000
1900 Bissell Street
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
22 days on market
25 X 60
$18,736/yr taxes
$8,893
estimated monthly payment
Principal & Interest
$7,331/mo
Property Tax
$1,561/mo
$1,395,000
20% — $279,000
3%50%
6.875%
3%12%
Loan Amount
$1,116,000
Down Payment
$279,000

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

Listed by
Compass
Agent: Alexandre Stoykov
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