1342 Cleveland Avenue, Near North Side, Chicago, Illinois 60610
$1,300,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | 1885 |
| Property Taxes: | $16,575 |
| Days On Market: | 1943 |
| Lot Size: | 0,00 |
Description
The Offering represents a unique opportunity to acquire a 100% leased multifamily redevelopment in the heart of Chicago's Old Town neighborhood within just blocks of 2 El transit stations and the Wells Street entertainment district. All 4 levels of the property were extensively renovated in 2017, and the seller increased the bedroom count to 10 bedrooms, resulting in an annual NOI of ~$83,000. The subject property is comprised of 3 high-end market-rate apartments: one (1) 4-bedroom/2-bathroom duplex down unit on the first floor and basement, two (2) 3-bedroom/1-bathroom units on the second and third floors, and a rear parking pad for three (3) vehicles. The property features individual forced air furnaces, separately metered electric, new plumbing fixtures in 2017, new windows, and a fully secure/gated perimeter iron fence. Interior finishes include GE SS appliances, custom white shaker cabinetry, white quartz countertops, in-unit washers/dryers, refinished original white oak hardwood floors, Nest thermostats, garbage disposals, three (3) fully rebuilt oversized outdoor decks & exterior staircase, and ample private patio space with a maintenance-free artificial turf rear yard. The subject property is within a couple of blocks from multiple transit options, including the Chicago Transit Authority (CTA) bus stop numbers 9, 37, and 72, the L Brown Line stop at Sedgwick, and the Red Line station at North/Clybourn.
Property Specifics
| Multi-unit | |
| — | |
| Brownstone | |
| 1885 | |
| Full | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 10776126 | |
| 17041220640000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 7 Oct, 2020 | Sold | $1,300,000 | MRED MLS |
| 28 Jul, 2020 | Under contract | $1,399,999 | MRED MLS |
| 9 Jul, 2020 | Listed for sale | $1,399,999 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Finished
Other Specifics
| — | |
| — | |
| — | |
| Balcony, Deck, Patio, Porch | |
| — | |
| 25 X 130 | |
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| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $16,575 |
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Listing Provided By
Robert Sekula
