Chicago, IL 60625,2645 W Winnemac AVE
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Chicago, IL 60625,2645 W Winnemac AVE
Chicago, IL 60625,2645 W Winnemac AVE
Chicago, IL 60625,2645 W Winnemac AVE
Chicago, IL 60625,2645 W Winnemac AVE

$700,000

Est. payment /mo

$720,000

2.8%
Est.Price: ?

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2645 W Winnemac AVE Chicago, IL 60625

6 Beds

SOLD DATE : 07/24/2024

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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Midwest Real Estate Data (MRED) IDX
Listed by Luminita Ispas • Century 21 S.G.R., Inc.
Bought with Brianna Zdravkovic • Second City Real Estate

Jamie Roth

+1(847) 219-6400

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