1512 Melrose Street, Lake View, Chicago, Illinois 60657
$890,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 5 |
| Year Built: | 1890 |
| Property Taxes: | $16,557 |
| Days On Market: | 1745 |
| Lot Size: | 0,00 |
Description
LAKEVIEW 3 UNIT PROPERTY - 2 FLAT IN FRONT AND COACH HOUSE IN BACK. 1 EXTERIOR PARKING SPOT INCLUDED BEHIND COACH HOUSE. BURLEY SCHOOL DISTRICT RENTS ARE VERY LOW - LONG TERM TENANTS & OWNER. GROSS MONTHLY RENTS SHOULD BE $6700+ WITH A 6.5%+ CAP RATE. CURRENT CAP RATE = 5.6% BASED ON DUPLEX RENTING FOR $2800. 1ST FLOOR = 2 BED 1 BATH SIMPLEX UNIT - RENTED FOR $1100. LEASE EXPIRES 8-31-21. 2ND FLOOR - 3 BED 2 BATH DUPLUS UP THAT IS VACANT - LEAVING IT VACANT IN THE EVENT SOMEONE WANTS TO MOVE IN. THIS SHOULD RENT FOR $2800. FREE LAUNDRY IN THE BASEMENT FOR THESE 2 FRONT UNITS. COACH HOUSE IS A STAND ALONE 2 BED 2 BATH UNIT WITH LAUNDRY IN THE UNIT AND 1 PARKING SPACE INCLUDED IN RENT. THIS CURRENTLY RENTS FOR $2200 AND THE LEASE EXPIRES 8-31-21. PERFECT OPPORTUNITY FOR SOMEONE TO LIVE IN ONE OF THE DUPLEX UNITS AND COLLECT RENT TO PAY THE MORTGAGE!! MAJOR IMPROVEMENTS: New roof on both buildings and all new skylights in 2017 New wood back porch/staircase and new electrical service to 2 flat in 2019 Hardscape patios / stone beds 2011 New porch front building 2003 REAL ESTATE TAXES $16,278 INSURANCE $3,584 WATER/SEWER/TRASH $4,108.76 COMMON ELECTRIC $132.59 TENANTS PAY THEIR OWN HEAT AND ELECTRIC.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1890 | |
| Walkout | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| 10965582 | |
| 14203240380000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Burley Elementary School |
299 | — | |
|
Middle School
Burley Elementary School |
299 | Not in DB | |
|
High School
Lake View High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Mar, 2021 | Sold | $890,000 | MRED MLS |
| 1 Feb, 2021 | Under contract | $869,000 | MRED MLS |
| 28 Jan, 2021 | Listed for sale | $869,000 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Unfinished
Other Specifics
| — | |
| — | |
| — | |
| Patio, Porch, Brick Paver Patio | |
| — | |
| 25X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $16,557 |
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