Closed

$849,900

2657 Luther Street, Chicago, IL 60608
8 Beds6 Baths62 days
2657 Luther Street·Chicago, IL 60608
8Bedrooms
6Bathrooms
1899Year Built
About This Home

Newly renovated, fully occupied and cash flowing 4 unit brick building on a 50 ft corner lot. The units feature modern European style cabinets with quartz countertops and a full stainless Package. Every unit has restored hardwood floor, brand new modern baths, and in-unit washer dryers. Tenants pay all electric and gas utilities. Location in "West Pilsen" which is a designated QEV Zone (Investors pay no capital gains tax if they hold for 7+ years). Monthly rent at $6,285, significantly under todays market rents. Can sell with Property Management in place. Also easy to self manage. Very low maintenance investment property. Will not last long! Preapproved for Portfolio Loan with Federal Savings Bank, 15% down for Investors, 3 year arm at 5.95%.

MLS# 11663107Listed October 29, 2022Residential IncomeOther
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms6
Total Rooms18

Size & Structure

Garage Spaces2
Year Built1899
Lot Size50X71.7

Location

CountyCook
TownshipWest Chicago
Zip Code60608

Financial

List Price$849,900
Annual Taxes (2020)$2,315
Monthly Tax Est.$193
Parcel #16252190010000
Interior Features

Heating

None

Basement

None
Exterior & Lot

Construction

Brick

Foundation

Brick/Mortar
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$2,315
Tax Year 2020
Monthly Tax Est.
$193
per month
Property Location

2657 Luther Street, Chicago, IL 60608Cook County

$849,900
2657 Luther Street
8 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
62 days on market
2-car garage
50X71.7
$2,315/yr taxes
$4,660
estimated monthly payment
Principal & Interest
$4,467/mo
Property Tax
$193/mo
$849,900
20% — $169,980
3%50%
6.875%
3%12%
Loan Amount
$679,920
Down Payment
$169,980

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

Listed by
Main Street Real Estate Group
Agent: Lawrence Dunning
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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