Closed

$850,000

5347 Wayne Avenue, Chicago, IL 60640
5 Beds4 Baths6 days
5347 Wayne Avenue·Chicago, IL 60640
5Bedrooms
4Bathrooms
1904Year Built
About This Home

APPRAISED AT ITS CURRENT CONDITION @$950,000. Welcome to your chance to own a piece of Andersonville history! This stunning brick 2-flat, nestled in the heart of the highly sought-after Andersonville community in Chicago, has never before been on the market. Sold "AS-IS," this property presents an extraordinary opportunity for savvy investors and vintage enthusiasts alike. Featuring two expansive 7+ room vintage units, this property offers the flexibility of generating impressive rental income or the potential for luxurious duplex living. Each unit boasts charming brick decorative fireplaces, hardwood trim and floors, soaring high ceilings, and exquisite stained glass windows. Enjoy the unique character of sunrooms and enclosed rear 3-season porches, perfect for relaxing or entertaining guests. Though in need of some TLC and deferred maintenance, the possibilities are limitless for transforming this stately residence into a show-stopping masterpiece. With a long-term tenant currently on a month-to-month lease, you have the option to retain stable rental income or embark on your renovation journey immediately. Situated in the highly desirable Lakewood Balmoral Historic District. The building itself spans 3878 sq. ft. with a full basement, providing abundant potential for value-added improvements. The first-floor unit features 2 bedrooms and 1 bath, while the second-floor unit offers 3 bedrooms and 1.5 baths. Both units include separate dining rooms, kitchens with storage pantries, decks, and sunrooms within the primary suites. Additionally, the attic presents an exciting opportunity to create a stunning primary bedroom retreat with your unique vision. Conveniently located within a leisurely stroll to all that Andersonville has to offer - from charming boutiques and eclectic dining options to serene parks and lakefront recreation. Plus, enjoy easy access to top-rated schools including Peirce School of International Studies, Sacred Heart, Northside Catholic Academy, Rogers Park Montessori, and Lysee Francais. Don't miss out on this incredible opportunity to own a piece of Andersonville's vibrant history and realize your vision for a dream home or lucrative investment. Bring your contractors, unleash your creativity, and make this diamond in the rough shine! Schedule your showing today. AS-IS sale.

MLS# 12026493Listed April 10, 2024Residential IncomeSubdivision: Andersonville
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms4
Total Rooms11

Size & Structure

Garage Spaces2
Year Built1904
Lot Size0.090 acres

Location

CountyCook
TownshipLake View
SubdivisionAndersonville
Zip Code60640

Financial

List Price$850,000
Annual Taxes (2021)$1,437
Monthly Tax Est.$120
Parcel #14081190050000
Interior Features

Heating

Natural Gas

Basement

UnfinishedBath/StubbedFull
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Garage Door OpenerOn SiteGarage OwnedDetachedGarage
Schools
Elementary
Peirce Elementary School Intl St
District: 299
Middle School
Peirce Elementary School Intl St
District: 299
High School
Senn High School
District: 299
Tax & Financial
Annual Taxes
$1,437
Tax Year 2021
Monthly Tax Est.
$120
per month
Property Location

5347 Wayne Avenue, Chicago, IL 60640Cook County

$850,000
5347 Wayne Avenue
5 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
6 days on market
2-car garage
0.090 acres
$1,437/yr taxes
$4,587
estimated monthly payment
Principal & Interest
$4,467/mo
Property Tax
$120/mo
$850,000
20% — $170,000
3%50%
6.875%
3%12%
Loan Amount
$680,000
Down Payment
$170,000

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

Listed by
Berkshire Hathaway HomeServices Starck Real Estate
Agent: Elizabeth Goodchild
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