ClosedPrice Reduced

$719,900

$759,900
2738 Balmoral Avenue, Chicago, IL 60625
8 Beds5 Baths72 days
2738 Balmoral Avenue·Chicago, IL 60625
8Bedrooms
5Bathrooms
1953Year Built
About This Home

Back on the market, the buyer changed their mind, however, an opportunity exists for you to own so this solid yellow brick building with a total area of 4,515 sq. ft. and sits on an oversized Chicago lot of 5,007 sq. ft. in the Budlong Woods/Lincoln Square area. The building consists of two units. Units 1 and 2 are both 1,350 sq. ft. and have three bedrooms, two full bathrooms, and a large living room with expansive picture windows. The first and second-floor units have generous kitchens with ample-sized dining rooms. The garden/in-law unit has two bedrooms, one full bathroom, a kitchen, and a living room. The building has a total of eight bedrooms and five full bathrooms, and all kitchens feature separate eating areas. The images displayed are of Unit 2, which has newly installed vanities, medicine cabinets, soft-close Kohler toilets, and new lighting in both bathrooms. The kitchen has solid wood cabinets, a pantry closet, laminate tile flooring, a new Whirlpool stainless steel refrigerator, and a new Samsung self-clean gas range. The unit was freshly painted in 2022, and most rooms have new lighting, while all rooms in Unit 2 have new blinds. The first-floor unit has a similar floor plan and a long-term tenant. It is equipped with central air conditioning and has hardwood floors in the living room, dining room, and bedrooms. The garden/in-law apartment, which is almost at ground level, is currently vacant and features full-size windows, a living room with a large picture window, a kitchen with an eating area, two large bedrooms, and a good-sized bathroom. The building has a great outdoor porch space for Units 1 and 2, perfect for summertime enjoyment. There are three parking spaces, one per unit off the alley, and separate utilities except water. The building has installed two new Rheem water heaters in the last 3-9 months. Units 2 and the garden unit require window air conditioners. While rents are currently under market value, this property represents a great opportunity to purchase a value-add asset. However, neither the owner nor the broker represents the legality of the garden/in-law unit. The building is sold in "AS IS" condition. It is conveniently located near transportation, shopping, restaurants, hospitals, schools, River Park with an athletic center, and many other amenities.

MLS# 11939746Listed December 1, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms5
Total Rooms19

Size & Structure

Year Built1953
Lot Size5007

Location

CountyCook
TownshipJefferson
Zip Code60625

Financial

List Price$719,900
Original Price$759,900
Annual Taxes (2022)$13,173
Monthly Tax Est.$1,098
Parcel #13122130690000
Interior Features

Heating

Natural GasForced AirBaseboardSep Heating Systems - 2+

Basement

Partially FinishedExterior EntryBath/StubbedEgress WindowStorage SpaceFull
Exterior & Lot

Construction

Brick

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

AssignedOff AlleyAlley AccessOn SiteOwned
HOA & Community

Community Features

ParkCurbsSidewalksStreet Lights
Tax & Financial
Annual Taxes
$13,173
Tax Year 2022
Monthly Tax Est.
$1,098
per month
Price Reduced by $40,000
Original list price: $759,900
Property Location

2738 Balmoral Avenue, Chicago, IL 60625Cook County

$719,900
2738 Balmoral Avenue
8 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
72 days on market
5007
$13,173/yr taxes
Price reduced $40,000
$4,881
estimated monthly payment
Principal & Interest
$3,783/mo
Property Tax
$1,098/mo
$719,900
20% — $143,980
3%50%
6.875%
3%12%
Loan Amount
$575,920
Down Payment
$143,980

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

Listed by
Procure Realty Group
Agent: Stella Petridis
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