Closed

$349,900

131 Arbor Avenue, West Chicago, IL 60185
5 Beds4 Baths7 days
131 Arbor Avenue·West Chicago, IL 60185
5Bedrooms
4Bathrooms
1880Year Built
About This Home

WOW - WHAT A 3 FLAT OPPORTUNITY!! Why not own this building AND Live in it too!? Thats right, even qualified minimum down Buyers can secure an FHA loan on this SOLID 3-unit Building with a WALK-OUT Full-sized Basement, from the turn of the century and live almost rent-free! Thats right let someone else pay your mortgage, while enjoying life in this magnificent Historic Charmer. They just don't build them this way anymore. Sure, it may need some work, but the BONES ARE GOOD and the presence it commands in the neighborhood will only improve with upgrades you make. All of the apartments are generous sized - Units 1 & 2 are each approximately 1250 sq. ft. and the 3rd floor is very comfortable too! Rents are still far below what they could be. 2 of the apartments are heated by Hot Water Baseboard/radiator heat. The 3rd floor has Electric baseboard heaters. 1 & 2 unit has 4 A/C Units, while 3rd floor has at least 2. AND ALL 3 Tenants pay electric. Ideally - someone will see the TRUE Potential as the West Chicago Downtown Area continues to improve - NOTE Train is about 6 blocks, Reed Keppler Park / the Arc/ Turtle Splash Pool about 5 blocks, Library and Dining just 1 block +/-. As an Investor - don't just buy this and squeeze it financially - which you can ... put some money back into it and the return on your investment will be well enjoyed for years to come!

MLS# 12112461Listed August 1, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms4
Total Rooms12

Size & Structure

Garage Spaces2
Year Built1880
Lot Size0.300 acres

Location

CountyDuPage
TownshipWinfield
Zip Code60185

Financial

List Price$349,900
Annual Taxes (2023)$9,269
Monthly Tax Est.$772
Parcel #0403313001
Interior Features

Heating

Natural GasSteamBaseboardRadiator(s)Indv ControlsZoned

Basement

UnfinishedFullWalk-Out Access
Exterior & Lot

Roof

Asphalt

Foundation

Concrete PerimeterStone

Lot Features

Corner Lot
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedOff StreetSide ApronOwnedGarage
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$9,269
Tax Year 2023
Monthly Tax Est.
$772
per month
Property Location

131 Arbor Avenue, West Chicago, IL 60185DuPage County

$349,900
131 Arbor Avenue
5 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
2-car garage
0.300 acres
$9,269/yr taxes
$2,611
estimated monthly payment
Principal & Interest
$1,839/mo
Property Tax
$772/mo
$349,900
20% — $69,980
3%50%
6.875%
3%12%
Loan Amount
$279,920
Down Payment
$69,980

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

Listed by
Daniel & Associates Real Estate
Agent: Daniel Czuba
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