5415 N Ashland Avenue

    Chicago, IL 60640
    • $455,000
    • STATUS: Closed
    • ON SITE: 215 days
    • MLS #: 09884476
    Sold - 08/30/2018
    $455,000
    SOLD - 08/30/2018
    • 7
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1896
    County:

    School Ratings & Info

    Description

    Hot Location! Big Profits! Great Cash Flow! Investors don't miss out on the opportunity to purchase a Brick 2 flat in one of the most desirable neighborhoods in Chicago - Edgewater! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit and a garden unit with 2 beds and 1 bath. Renovated sold comparable 2 and 3 unit properties in Edgewater within a mile of this building sold for an average of $855,000! Gut the garden unit and cosmetically upgrade the other two units to make a $300,000+ profit! Once renovated, the 3 bedroom unit can rent for up to $2,100 per month and the 2 bedrooms can rent for $1,700 per month - $5,500 in gross monthly rental revenue or $66,000 in gross annual rental income! Owner lives in the top unit and the other two units have month-to-month leases! Buyer will need to purchase "as is". The owner is installing a brand new back porch in April of 2018 - this is a $25,000 value to the new owner!

    Sold by Coldwell Banker Residential.

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    © 2018 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 the MLS or Baz Realty Network | Keller Williams Preferred Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Baz Realty Network | Keller Williams Preferred Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-10-16T12:52:35.027.

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    www.bazrealtynetwork.com/homes/81569616

    5415 N Ashland Avenue Chicago, IL 60640

    • Price: $475,000
    • Status: Closed
    • Updated: 31 min ago
    • MLS #: 09884476
    7
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1896
    Built
    Neighborhood:
    Chi - Edgewater
    County:
    Cook
    Area:
    Chi - Edgewater
    Property Description
    Hot Location! Big Profits! Great Cash Flow! Investors don't miss out on the opportunity to purchase a Brick 2 flat in one of the most desirable neighborhoods in Chicago - Edgewater! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit and a garden unit with 2 beds and 1 bath. Renovated sold comparable 2 and 3 unit properties in Edgewater within a mile of this building sold for an average of $855,000! Gut the garden unit and cosmetically upgrade the other two units to make a $300,000+ profit! Once renovated, the 3 bedroom unit can rent for up to $2,100 per month and the 2 bedrooms can rent for $1,700 per month - $5,500 in gross monthly rental revenue or $66,000 in gross annual rental income! Owner lives in the top unit and the other two units have month-to-month leases! Buyer will need to purchase "as is". The owner is installing a brand new back porch in April of 2018 - this is a $25,000 value to the new owner!
    Exterior Features

    Cars 2 Exterior Building Type Brick Exterior Property Features Porch Floor Unit1 1 Floor Unit2 2 Floor Unit3 3 Garage On Site Yes Garage Ownership Owned Garage Spaces 2 Garage Type Detached Lot Dimensions 3950 SQ FT Lot Size Less Than .25 Acre Parking Garage Parking Included In Price Yes Type Multi 2 Flat Waterfront YN No

    Interior Features

    Appliances Features Unit1 StoveRefrigeratorMicrowaveHardwood Floors Appliances Features Unit2 StoveRefrigeratorMicrowaveHardwood Floors Appliances Features Unit3 StoveRefrigeratorMicrowaveHardwood Floors Basement None Basement Bathrooms YN No Basement Description None Bedrooms Above Grade 7 Bedrooms Below Grade 0 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 3 Full Baths In Building 3 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Fuel Radiators Rooms 15 Rooms Unit1 4 Rooms Unit2 5 Rooms Unit3 6

    Property Features

    3 Br Un In Bldg YN Yes Additional Sales Information None Age 100+ Years Agent Owned Interest YN No Built Before1978 YN Yes Corporate Limits Chicago Elementary Sch Dist 299 Finance Code Fha General Information School Bus ServiceCommuter BusCommuter Train High Sch Dist 299 Holds Earnest Money Yes Jr High Middle Dist 299 Lease Exp Date Mo Yr Unit1 Mo/Mo Lease Exp Date Mo Yr Unit2 Mo/Mo Lease Exp Date Mo Yr Unit3 Mo/Mo New Construction No Ownership Fee Simple Possession Closing Recent Rehab YN No Rent Unit1 800 Rent Unit2 900 Rent Unit3 0 Sale Terms ConventionalFhaVa Sec Deposit Unit1 1000 Sec Deposit Unit2 1000 Sec Deposit Unit3 1000 Sewer Sewer-Public Short Sale Not Applicable Special Assessments No Special Service Area N Tax Exemptions HomeownerSenior Tax Year 2016 Taxes 6965.59 Tenant Pays Unit1 None Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Total Units In Building 3 Township Lake View Water Lake MichiganPublic Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Premiere Properties.


    © 2018 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 the MLS or Baz Realty Network | Keller Williams Preferred Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Baz Realty Network | Keller Williams Preferred Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-10-16T12:52:35.027.

    Digital Millennium Copyright Act
     
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