2729 Magnolia Avenue, Lincoln Park, Chicago, Illinois 60614
$1,299,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1892 |
| Property Taxes: | $21,441 |
| Days On Market: | 555 |
| Lot Size: | 0,00 |
Description
SOLD BEFORE PRINT. Fantastic opportunity to invest in a renovated turnkey 3-unit property which includes a coachhouse with a 2 car garage on a beautiful tree-lined street in Lincoln Park. Also, this building could easily be converted into a single family. FRONT BUILDING has 2 units: 1) First floor unit is a full floor 2 bedroom/ 1 bath simplex. Current rent is $1900/month which is below market because the current Tenant has lived there for 7 years. He's on a month-to-month, but would love to stay. 2) Second floor unit is a 3 bedroom/ 3 bath duplex-up. Current rent is $3400 which is way below market (market value is approximately $4K) because the Tenant has lived there for many years as well. Lease expires 9/30/24. This unit would make a perfect owner's unit for someone looking to offset their mortgage payment by renting out the other apartments. COACHHOUSE has a 2 car garage on the first level and a 2 bedroom/1 bath on the 2nd level + a bonus room on the first level. Rent is currently $2450 and the lease expires on 4/30/25. Each unit has its own HVAC system, in-unit laundry, modern kitchen and bathrooms. Roof was a complete tear off approximately 3-4 years ago. Major renovation was done in 2009 with front facade, electrical, plumbing, HVAC, kitchens, and bathrooms. New water tanks within the past 3-4 years for the first floor and the coachhoue. Two new bathrooms installed in the duplex in 2021. Many windows were replaced over the last 3-4 years as well as appliances.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1892 | |
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| — | |
| No | |
| — |
| Cook | |
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| — / — | |
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| 12126771 | |
| 14293060090000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 29 Jul, 2024 | Sold | $1,299,000 | MRED MLS |
| 25 Jun, 2024 | Under contract | $1,299,000 | MRED MLS |
| 25 Jun, 2024 | Listed for sale | $1,299,000 | 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: —
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
| 2 | |
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| — | |
| — | |
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| 25 X 124 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $21,441 |
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