Active /
MLS #11310728 /
Multiple Unit (2-4) /
Lincoln Park
Listing information updated 4/13/2022 at 10:47am
FULLY RENOVATED 4 UNIT INVESTMENT PROPERTY. AAA+++ LINCOLN PARK LOCATION. GROSS INCOME $142,800, $106K NOI, 5.97 CAP & 12.43 GRM. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. MULTIPLE PROPERTY PINS WERE COMBINED INTO SINGLE PIN IN 2020. UPCOMING TAX ASSESSMENT FOR 2021 WENT DOWN 4.94%. ALL UNITS RECENTLY UPDATED INCLUDING LARGE UPDATED KITCHENS AND BATHS. EACH UNIT HAS CENTRAL HEAT/AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT. EACH INCLUDES A TWO-LEVEL LAYOUT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO DEEDED PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH INCOME GROWTH POTENTIAL. TRANSFERRABLE BASEMENT WATERPROOFING ON NORTH WALL IN 2020. NEW ROOF TEAR OFF/REPLACEMENT IN APRIL 2022. REQUIRE 48 HOURS NOTICE.
Full Features
Exterior Type:
Frame
Basement:
Finished
Beds Above Grade:
11
Heating System:
Natural Gas
Pool:
No
Age:
Unknown
Parking Type:
Space/s
Parking Spaces:
2
Room Count:
19
Water Front:
No
Square Feet:
N/A
Lot Size:
Standard Chicago Lot
Taxes & Assessments
Tax Amount:
$29,060
Tax Year:
2020
Location
Zip Code:
60614
City:
Chicago
County:
Cook
Schools
School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A
Exterior Type:
Frame
Basement:
Finished
Beds Above Grade:
11
Heating System:
Natural Gas
Pool:
No
Age:
Unknown
Parking Type:
Space/s
Parking Spaces:
2
Room Count:
19
Water Front:
No
Square Feet:
N/A
Lot Size:
Standard Chicago Lot
Tax Amount:
$29,060
Tax Year:
2020
Zip Code:
60614
City:
Chicago
County:
Cook
School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A
Disclaimer: The accuracy of all information regardless of source, including but not limited to square
footage and lot size, is deemed reliable but not guaranteed nor warranted and should be
personally verified through personal inspection by and/or with the appropriate professionals.
Lincoln Park, IL
Lincoln Park residents have it all – from the arts to its famed zoo – right in their backyard. It’s no wonder the North Side neighborhood is one of the most sought after in the U.S.The neighborhood includes quiet tree-lined residential blocks, top-rated schools, DePaul University, and two majo...
2537 N Wayne Avenue is a multiple unit (2-4) currently listed at $1,775,000. 2537 N Wayne Avenue features 11 Beds, 8 Baths. This multiple unit (2-4) has been listed on @properties since January 25th, 2022.
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