2253 Magnolia Avenue, Lincoln Park, Chicago, Illinois 60614
$1,380,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1884 |
| Property Taxes: | $24,137 |
| Days On Market: | 1718 |
| Lot Size: | 0,00 |
Description
Lincoln Park / DePaul brick 3 flat + 3 level coach house - first time on the market in 27 years, this building is perfect for an investor or someone who wants to live in the coach house with the other 3 units offsetting their mortgage payment. Tenants pay their own utilities. Units rent very easily, and there is room in the rents for an increase. Gross income of $8,825 per month with a cap rate of ~5.5%. Taxes $24,137. Insurance $3231 Utilities $1748 (water & electric). No garage/parking but VERY easy street parking. Coach house is 3 levels with 2 bedrooms and full bath upstairs, Kitchen / DR/ LR on main floor and bedroom, bathroom, laundry room / mechanicals on 1st floor. CH - new windows (2012) newer kitchen, new roof (2015) Tuckpointing 2015. The 3 unit building in front is easy to rent and has an unfinished basement with storage and shared coin laundry. 3 flat has storage and shared laundry in the basement. All of the units have been updated over the years - ask agent for a copy of the upgrades (including kitchens/baths/window/hot water heaters, etc).
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1884 | |
| Full | |
| — | |
| No | |
| 0 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan,Public | |
| Public Sewer | |
| 11037647 | |
| 14321130030000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Oscar Mayer Elementary School |
299 | — | |
|
Middle School
Oscar Mayer Elementary School |
299 | Not in DB | |
|
High School
Lincoln Park High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 17 May, 2021 | Sold | $1,380,000 | MRED MLS |
| 7 Apr, 2021 | Under contract | $1,369,000 | MRED MLS |
| 5 Apr, 2021 | Listed for sale | $1,369,000 | MRED MLS |
| 15 Sep, 2023 | Sold | $1,360,000 | MRED MLS |
| 10 Aug, 2023 | Under contract | $1,449,995 | MRED MLS |
| 17 Jul, 2023 | Listed for sale | $1,449,995 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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,Storage Space
Other Specifics
| — | |
| — | |
| — | |
| Patio | |
| — | |
| 24X124 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $24,137 |
| 2023 | $25,814 |
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