2258 Grand Avenue, West Town, Chicago, Illinois 60612
$999,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 2010 |
| Property Taxes: | $21,891 |
| Days On Market: | 1677 |
| Lot Size: | 0,00 |
Description
Incredible investment opportunity priced to sell!! This one-of-a-kind 3 unit mixed use West Town corner building offers a variety of possibilities for the next owner. Developed just 10 years ago by the current owner, it is a beautiful and unique addition to Ukrainian Village. The property was built with multiple income-generating possibilities while creating home in one of the two massive 2 bed, 2.5 bath luxury residential units. No standard design here! The unique features like two duplex up residences, french doors, juliette balconies, arched exposures and private roof decks reflect architectural vision and have attracted a history of strong tenants. The Commercial unit, envisioned as a space for community wellbeing was originally a yoga studio and is now leased as a physical therapy office through 2022 for $2,350/ month. Each of the 2 unit residential units gives each unit a single family home feel, with no shared walls, two common entrances, and their own address of 507 North Oakley. Important GREEN finishes include, energy efficient appliances, recycled glass counters, bamboo floors and passive solar with amazing natural light and West view sunsets. Each unit honors privacy, useful for today's virtual and work at home needs. There's an open floor plan with kitchen, dining, large living room and half bath downstairs. Upstairs, are two bedrooms with Washer/Dryer, and full bath, primary suite, plus private rooftop deck access! The owner's unit has extra touches like a large private patio on the main level, and separate walk-in shower + soaking tub. The commercial space has its own address, own entrance, a kitchenette, and powder room taking the whole first level of the building. Underground basement storage spaces are designated for each residential unit. Separate PINs and filed condo declarations give the new owner possibilities to resell 1 or all units separately as condos. Great location at Grand and Oakley with all of West Town at your fingertips. Rental income: Unit 1 (storefront) $2,350/ mo through 10/22. Unit 2 $2500 through 5/31/21. Unit 3 is owner occupied and could be leased for around $2800/mo. There's lots of options and opportunities here including, an owner occupant business, developers, extended families looking for privacy and proximity to one another, or investors. BUILDING IS BEING SOLD AS IS. AS IS RIDER MUST BE INCLUDED WITH CONTRACT. Seller is highly motivated!
Property Specifics
| Multi-unit | |
| — | |
| Tri-Level | |
| 2010 | |
| Full | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan,Public | |
| Public Sewer | |
| 11066846 | |
| 17071220481001 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Mitchell Elementary School |
299 | — | |
|
Middle School
Mitchell Elementary School |
299 | Not in DB | |
|
High School
Wells Community Academy Senior H |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Jun, 2021 | Sold | $999,000 | MRED MLS |
| 3 May, 2021 | Under contract | $999,000 | MRED MLS |
| 26 Apr, 2021 | Listed for sale | $999,000 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 7
Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished,Concrete (Basement)
Other Specifics
| 2 | |
| Concrete Perimeter | |
| — | |
| Balcony, Patio, Roof Deck | |
| Corner Lot | |
| 24X100 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Sidewalks, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $21,891 |
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