Closed

$315,000

850 TRIPP Avenue, Chicago, IL 60651
8 Beds3 Baths10 days
850 TRIPP Avenue·Chicago, IL 60651
8Bedrooms
3Bathrooms
1898Year Built
About This Home

Welcome to 850 N. Tripp Ave., Chicago! This exceptional 3-unit property offers a fantastic investment opportunity or the chance to become a homeowner with rental income. Situated in a convenient location, this property is perfect for investors or individuals seeking additional income. First floor features a spacious unit with 2 bedrooms and 1 bath, offering comfortable living spaces. Currently occupied by a CHA tenant, generating a stable monthly rental income of $1,100. This unit is well-maintained and showcases a cozy atmosphere, ideal for tenants looking for a comfortable place to call home. The second floor presents a generously sized unit boasting 3 bedrooms and 1 bath, providing ample space for residents. Currently occupied by a CHA tenant, this unit brings in a monthly rental income of $1,161. The interior is well-designed, featuring modern finishes and an open layout, ensuring a pleasant living experience. The third floor is a blank canvas, offering a 3-bedroom, 1-bath unit awaiting your personal touch. Currently vacant, this unit presents an incredible opportunity to maximize your investment income by renting it out. Alternatively, as a homeowner, you can occupy this floor while enjoying the rental income generated from the other units. Whether you're an investor seeking a profitable multi-unit property or a homeowner looking for additional income, 850 N. Tripp Ave. presents an enticing opportunity. Don't miss out on this chance to own a versatile property with potential for both rental income and personal use. Schedule a showing today and unlock the possibilities this property has to offer!

MLS# 11822705Listed July 4, 2023Residential IncomeOther
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms3
Total Rooms14

Size & Structure

Year Built1898
Lot Size30X125

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$315,000
Annual Taxes (2021)$2,815
Monthly Tax Est.$235
Parcel #16034260210000
Interior Features

Heating

Natural GasElectricForced Air

Basement

FinishedPartial
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$2,815
Tax Year 2021
Monthly Tax Est.
$235
per month
Property Location

850 TRIPP Avenue, Chicago, IL 60651Cook County

$315,000
850 TRIPP Avenue
8 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
10 days on market
30X125
$2,815/yr taxes
$1,890
estimated monthly payment
Principal & Interest
$1,655/mo
Property Tax
$235/mo
$315,000
20% — $63,000
3%50%
6.875%
3%12%
Loan Amount
$252,000
Down Payment
$63,000

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

Listed by
YBRS Realty Inc.
Agent: Sagar Shah
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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