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1451 W Erie Street

Chicago, IL 60642
  • $1,799,000
  • STATUS: Active
  • ON SITE: 277 Days
  • MLS #: 11727659
UPDATED: 22 min ago
$1,799,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1885
County:

School Ratings & Info

Description

Located in the heart of Noble Square/West Town is this spectacular turnkey, 2016 gut renovated 6-unit investment opportunity. Excellent cash flow with low fixed costs and potential to increase cash flow. The property sits on a 25 x 125 lot and has 3 exterior parking spaces. The building offers diverse floorplans, featuring (4) 1-bedroom, 1-bath and (2) Duplex 2-bedroom, 2.1-bath. All units have Central Air/Gas Forced Heat, in-unit washers & dryers, condo grade kitchens and baths with quartz countertops, full backsplash and stainless steel appliances. Other updates in 2016 include new decks, new tear off roof, tuckpointing, new plumbing, drain tile, new doors & trim. Perfect arm chair investment in an exceptional location. Close by public transportation, expressways, Fulton Market, Wicker Park and more!!! Part of a 3 package building with 1843 W Thomas and 1363 W Walton.

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© 2023 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 @properties. Based on information submitted to the MRED as of 2023-12-03T14:58:09.613 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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1451 W Erie Street Chicago, IL 60642

  • Price: $1,799,000
  • Status: Active
  • On Site: 277 Days
  • Updated: 22 min ago
  • MLS #: 11727659
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1885
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Located in the heart of Noble Square/West Town is this spectacular turnkey, 2016 gut renovated 6-unit investment opportunity. Excellent cash flow with low fixed costs and potential to increase cash flow. The property sits on a 25 x 125 lot and has 3 exterior parking spaces. The building offers diverse floorplans, featuring (4) 1-bedroom, 1-bath and (2) Duplex 2-bedroom, 2.1-bath. All units have Central Air/Gas Forced Heat, in-unit washers & dryers, condo grade kitchens and baths with quartz countertops, full backsplash and stainless steel appliances. Other updates in 2016 include new decks, new tear off roof, tuckpointing, new plumbing, drain tile, new doors & trim. Perfect arm chair investment in an exceptional location. Close by public transportation, expressways, Fulton Market, Wicker Park and more!!! Part of a 3 package building with 1843 W Thomas and 1363 W Walton.
Exterior Features

Exterior Building Type Brick Foundation Details Brick/MortarOther Frontage Type City Street Outdoor Parking 1-5 SpacesAssigned Spaces Parking Total 3 Roof Rubber Roof Structure Flat

Interior Features

Basement Finished Cooling Central Air Fireplaces Total 0 Heat Ventilation Forced AirGas Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Current Use Legal Non Conforming Electric Circuit BreakersService - 201 to 600 Amps Gross Income 133860 Gross Scheduled Income 133860 Insurance Expense 2944 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 103988 Operating Expense 26570 Ownership Types Corporation Tax Annual Amount 18026 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 11155 Township West Chicago Type Multi Family 5+ Zoning MULTI

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 312-266-7000.


© 2023 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 @properties. Based on information submitted to the MRED as of 2023-12-03T14:58:09.613 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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