3251 Berteau Avenue, Irving Park, Chicago, Illinois 60618
$525,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1917 |
| Property Taxes: | $10,350 |
| Days On Market: | 1873 |
| Lot Size: | 0,10 |
Description
SOLD BEFORE PRINT. Gut renovated, fully stabilized 3-flat on a quiet, tree lined street in Irving Park! Sitting on a massive 37x125 lot, this gorgeous frame building was completely overhauled in 2016 down to the studs. Ideal unit mix consists of one (1) large studio/1 bath apartment, one (1) 2 bed+den/1 bath simplex apartment & one (1) 3 bed+den/2 bath duplex-up apartment. All leases intentionally set to expire during the Summer 2022 leasing cycle. Each unit features 42" shaker style cabinets, granite countertops, Frigidaire stainless steel appliances and dishwashers in the remodeled kitchens. All bathrooms have modern floating vanities, ceramic tile floors and shower/tub surrounds plus new fixtures. Updated electric, plumbing and HVACs. Dark oak hardwood flooring in the main living areas of the middle and top floor units, and carpet in the studio apartment. In-unit laundry in the top floor unit, and a common laundry room in the basement for the middle and lower level units. Gas forced air and central A/C. Detached 3 car garage and a well manicured backyard perfect for the tenants to enjoy in the summertime. Additional storage area accompanies the middle and top floor apartments. With $54,300 in gross rental income annually, the property is running at a 7.2% CAP rate with a 12.6% cash-on-cash return plus upside. Perfect for both the armchair and owner occupier investor.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1917 | |
| English | |
| Vinyl Siding, Frame | |
| — | |
| — | |
| No | |
| 0.1 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan, Public | |
| Public Sewer | |
| — | |
| Natural Gas, Forced Air | |
| 11226337 | |
| 13144210030000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 5 Feb, 2016 | Sold | $435,000 | MRED MLS |
| 26 Jan, 2016 | Under contract | $425,000 | MRED MLS |
| 25 Jan, 2016 | Listed for sale | $425,000 | MRED MLS |
| 30 Nov, 2021 | Sold | $525,000 | MRED MLS |
| 20 Oct, 2021 | Under contract | $525,000 | MRED MLS |
| 16 Sep, 2021 | Listed for sale | $525,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: Utility Room-Lower Level
Other Specifics
| 3 | |
| — | |
| Garage | |
| — | |
| — | |
| — | |
| — | |
| Fenced Yard | |
| 37 X 125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Gated, Sidewalks, Street Lights | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2016 | $6,421 |
| 2021 | $10,350 |
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