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1825 W 17th Street

Chicago, IL 60608
  • $648,500
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • MLS #: 11464798
Under Contract
UPDATED: 26 min ago
$648,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Only 5 Unit Under 700k On Market In Pilsen and only has closed under 700k in a year. Priced to go - all furnaces done, roofs newer, kitchens and baths rental quality upgraded already. This is a great pickup for someone with management skill and willing to do a few cleanup items and crank it to a Hi cap rate. This is it. Excellent location near pink line stop at 18th. Current rents well below market. Max market gross rent is approximately $6800 after six months of management and small improvements. 2 Buildings. Front building has 4 units: two small 2 bed units and two 1 bed unit. 3 Occupied and 2 vacant. The 3 units occupied have long term tenants on month to months leases well below market. Common laundry room setup in back coachhouse basement. Rear building coach house is duplexed for fourth bedroom. Coach house is on grade(not basement) . Attic for possible expansion. c1-2 zoning allows for various options. The upper level is 3 beds 2 baths. There is possible room for a parking space with a gravel infill in back. Also possible duplexing possible in future in front attic and back coach. Needs TLC but large items upgraded: 4 Forced air furnaces, Newer Kitchen cabinetry, various mechanical updates, roofs less than 10 years old.

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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 @properties. Based on information submitted to the MRED as of 2022-10-04T18:00:35.323 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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1825 W 17th Street Chicago, IL 60608

  • Price: $648,500
  • Status: Active Under Contract
  • On Site: 81 Days
  • Updated: 26 min ago
  • MLS #: 11464798
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Chi - Lower West Side
County:
Cook
Area:
Chi - Lower West Side
Property Description
Only 5 Unit Under 700k On Market In Pilsen and only has closed under 700k in a year. Priced to go - all furnaces done, roofs newer, kitchens and baths rental quality upgraded already. This is a great pickup for someone with management skill and willing to do a few cleanup items and crank it to a Hi cap rate. This is it. Excellent location near pink line stop at 18th. Current rents well below market. Max market gross rent is approximately $6800 after six months of management and small improvements. 2 Buildings. Front building has 4 units: two small 2 bed units and two 1 bed unit. 3 Occupied and 2 vacant. The 3 units occupied have long term tenants on month to months leases well below market. Common laundry room setup in back coachhouse basement. Rear building coach house is duplexed for fourth bedroom. Coach house is on grade(not basement) . Attic for possible expansion. c1-2 zoning allows for various options. The upper level is 3 beds 2 baths. There is possible room for a parking space with a gravel infill in back. Also possible duplexing possible in future in front attic and back coach. Needs TLC but large items upgraded: 4 Forced air furnaces, Newer Kitchen cabinetry, various mechanical updates, roofs less than 10 years old.
Exterior Features

Parking Total 0

Interior Features

Basement None Heat Ventilation Central Heat/Indiv ControlsForced Air Number Of Dryers 1 Number Of Ranges 5 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 6800 Gross Scheduled Income 81600 Insurance Expense 4000 Maintenance Expense 2000 Mls Actual Status Contingent Net Operating Income 66000 Operating Expense 15000 Tax Annual Amount 3848.35 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 6800 Type Multi Family 5+ Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Better Living Realty: 312-953-6725.


© 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 @properties. Based on information submitted to the MRED as of 2022-10-04T18:00:35.323 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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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611