$700,000
$720,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
2645 W Winnemac AVE Chicago, IL 60625
6 Beds
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12094955
Sold Date 07/24/24
Bedrooms 6
Annual Tax Amount $13,163
Tax Year 2022
Lot Dimensions 30 X 125
Property Description
Attention investors and house hackers! This two-unit brick building is move-in ready and perfect for those with vision. With a current 8% gross ROI, it is already a profitable investment. Plus, there is potential to add a third unit in the basement, allowing you to maximize your rental income. Alternatively, you could convert the building into a single-family home, taking advantage of the high property values in this neighborhood, where houses are valued at around $1.5 million. Recent upgrades include kitchen cabinets, new stainless steel appliances, tuckpointing on the front of the building, in-unit washer/dryer, separate water heaters, and a brand-new 10K boiler. The extra-wide lot features an oversized brick detached 2.5-car garage, although it does require some work. However, the size of the garage is grandfathered in, allowing you to have an oversized garage on the property. This property is also eligible for the City of Chicago's ADU Pilot Program, allowing for the addition of more living units. Close to the Brown Line, schools, shopping, and entertainment, this investment opportunity should not be missed!
Location
State IL
County Cook
Area Chi - Lincoln Square
Zoning MULTI
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas, Steam, Radiator(s)
Equipment Ceiling Fan(s)
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.5
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Brianna Zdravkovic • Second City Real Estate
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