2513 Walton Street, West Town, Chicago, Illinois 60622
$725,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1905 |
| Property Taxes: | $4,276 |
| Days On Market: | 1062 |
| Lot Size: | 0,00 |
Description
Classic Chicago Greystone located on a quaint tree-lined street in beautiful West Ukrainian Village, located near highly-desirable Smith Park. This building is a perfect fit for a turnkey investor or an owner-occupant with strong rental income to substantially offset the mortgage. A multitude of options exist to enhance the property to fit your daily lifestyle and/or short-term and long-term investment goals: (1) Leave this existing trophy property in its current use as a 2-flat with a separate basement unit for maximum income. (2) Add back a single wall to make the first floor a 3 bed/ 1 bath, again, for maximum income potential. (3) Easily and inexpensively duplex down the main level to the basement for an incredible owner's unit and/or highly-desirable rental for maximum income. (4) Potentially convert to a single family down the road. A long-term, family-owned building with pride of ownership. Forced A/C and heat throughout, 9 ft ceilings, oak hardwood flooring, recessed lighting, solid wood cabinets, SS appliances, granite counters, enclosed rear porches, a sunny and spacious brick-paved patio for a daily oasis or entertaining, and a 2 car garage top off this highly sought-after piece of Chicago history with incredible curb appeal. The entire building, roof, concrete, masonry and windows have all been well-maintained along with updated plumbing, electric, and mechanicals. Gross rental income is estimated at market rates (currently owner-occupied) at $65,400/yr - approximately a 6.25% CAP rate after tax exemptions are removed. Current tax exemptions include a homeowner exemption, senior exemption, and senior freeze. A truly smart and stable investment that serves many objectives in booming West Town!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1905 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 11687816 | |
| 16014220180000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 10 Apr, 2023 | Sold | $725,000 | MRED MLS |
| 7 Feb, 2023 | Under contract | $750,000 | MRED MLS |
| — | Last price change | $775,000 | MRED MLS |
| 14 Dec, 2022 | Listed for sale | $775,000 | 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: —
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Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Finished,Rec/Family Area,Storage Space
Other Specifics
| 2.5 | |
| — | |
| — | |
| — | |
| — | |
| 24 X 125 | |
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| — | |
| — | |
| — | |
| Not in DB | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $4,276 |
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