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1368 W Evergreen Avenue

Chicago, IL 60642
  • $4,250,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 11474069
UPDATED: 57 min ago
$4,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

First time available in 40 years, here is an Amazing Opportunity to own a CASH COW in Noble Square/Wicker Park/West Town! This 12-unit building is TURN-KEY, ready to sit back and collect passive income with LOW EXPENSES, or bring up to market rents for more $$$! This DOUBLE LOT property even affords you the development opportunity to build a NEW CONSTRUCTION in an area with a voracious appetite for new condos (Zoning RT-4). Building mix is Four 2-bedroom apartments (3 of which are duplexed) and Eight 1-bedroom apartments. All units feature HARDWOOD, all appliances including dishwasher, CENTRAL AC/HEAT, and 10/12 have outdoor space + IN-UNIT LAUNDRY. Located in a COMMUTER'S PARADISE, there is plenty of non-permitted, available street parking + on-site bike storage to keep tenants happy. 2-CAR GARAGE also brings additional income. 2 minutes to being on the 90/94 regardless of rush hour. 10 minute walk to Division BLUE LINE station or North Ave, Milwaukee Ave, Elston Ave, or Ashland Ave Buses. Also walking distance to Jewel/groceries, LOWES, USPS, Hyatt rooftop + numerous HIGHLY RATED restaurants, bars, shops, gyms, etc. Walk to the CHICAGO RIVER + NEW Salt Shed music venue opening soon. Across the street from huge Pulaski Park with SWIMMING POOL & kid's water park + a dedicated dog park for animal lovers around the corner. This building CHECKS ALL THE BOXES, so set up your tour asap!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2022-08-12T13:03:32.253 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1368 W Evergreen Avenue Chicago, IL 60642

  • Price: $4,250,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 57 min ago
  • MLS #: 11474069
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1890
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
First time available in 40 years, here is an Amazing Opportunity to own a CASH COW in Noble Square/Wicker Park/West Town! This 12-unit building is TURN-KEY, ready to sit back and collect passive income with LOW EXPENSES, or bring up to market rents for more $$$! This DOUBLE LOT property even affords you the development opportunity to build a NEW CONSTRUCTION in an area with a voracious appetite for new condos (Zoning RT-4). Building mix is Four 2-bedroom apartments (3 of which are duplexed) and Eight 1-bedroom apartments. All units feature HARDWOOD, all appliances including dishwasher, CENTRAL AC/HEAT, and 10/12 have outdoor space + IN-UNIT LAUNDRY. Located in a COMMUTER'S PARADISE, there is plenty of non-permitted, available street parking + on-site bike storage to keep tenants happy. 2-CAR GARAGE also brings additional income. 2 minutes to being on the 90/94 regardless of rush hour. 10 minute walk to Division BLUE LINE station or North Ave, Milwaukee Ave, Elston Ave, or Ashland Ave Buses. Also walking distance to Jewel/groceries, LOWES, USPS, Hyatt rooftop + numerous HIGHLY RATED restaurants, bars, shops, gyms, etc. Walk to the CHICAGO RIVER + NEW Salt Shed music venue opening soon. Across the street from huge Pulaski Park with SWIMMING POOL & kid's water park + a dedicated dog park for animal lovers around the corner. This building CHECKS ALL THE BOXES, so set up your tour asap!
Exterior Features

Exterior Building Type Brick Frontage Type City Street Parking Total 2 Roof Composition Roof Structure Pitched

Interior Features

Cooling Central Air Fireplaces Total 1 Heat Ventilation Gas Miscellaneous Inside Skylight/SLaundry Room Number Of Dishwashers 12 Number Of Dryers 11 Number Of Ranges 12 Number Of Washers 11

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 12000 Built Before1978 YN Yes Current Use Multi-Family Gross Income 21065 Gross Scheduled Income 264420 Insurance Expense 7649 Maintenance Expense 7932 Mls Actual Status Active Net Operating Income 231625 Operating Expense 32794 Possible Use Condominium Tax Annual Amount 13873.8 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatHot Water Total Monthly Income 22035 Township West Chicago Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2022-08-12T13:03:32.253 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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