3552 Oleander Avenue, Dunning, Chicago, Illinois 60634
$142,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 1,000 |
| Cost/Sqft: | $148 |
| Beds: | 2 |
| Baths: | 1 |
| Year Built: | 1960 |
| Property Taxes: | $89 |
| Days On Market: | 1433 |
| Lot Size: | 0,00 |
Description
Welcome home to a rarely available, top-floor unit in an excellent area! Walk into a very spacious living room area highlighted by large, south facing windows for that crisp, natural sunlight as well as a private balcony: all while overlooking a pretty courtyard! Relax on your balcony. Or barbeque on it. Furthermore, the living room area opens up to a large, galley kitchen with a comfortably sized eat-in area characterized by north facing windows for additional light exposure. This unit also features two very spacious bedrooms with ample closet space. There is a full bathroom nestled between both bedrooms, which adds to this intelligently designed floor plan. There is also a spotless laundry room facility on the first floor and there is hardly ever a waiting line to use the washer or dryer; all machines are coin-operated at just $0.75 per load. This unit also comes with one exterior unassigned parking space and there is ample parking on Oleander and/or Addison at no additional cost. Own for less than rent! You can also rent this unit without restriction. FINANCING: Put down a 5% (or $7,750) at a $155,000 purchase price for a payment of approximately $1,203 per month at a 3% interest rate given a 740+ FICO score; this mortgage payment of $1,203 per month is based on a realistic and worst-case scenario property tax bill of $2,875 per year with a homeowners exemption along with a $266 monthly HOA payment, a $35 per month insurance bill and a $42 per month mortgage insurance premium. Or, put down 20% (or $31,000) for an approximate $1,063 mortgage payment. Please consult your loan officer for confirmation. RENTALS: A 2-bedroom, 1-bathroom unit at 7817 Belmont (Unit 2) rented for $1,395 per month. Please ask your agent to pull MLS# 10688173. Additionally, a 2-bedroom, 1-bathroom unit at 7701 Belmont (Unit 1) rented for $1,395 per month. Please ask your agent to pull MLS# 10954931. In short, you can easily expect to rent this unit for $1,400 per month after its rehab and earn nearly $175 per month in free cash flow, which comes out to $2,100 per year in positive cash flow. Easy to show. Close to plentiful shopping and restaurants, Kennedy Expressway, O'Hare Airport and much more. Easy to show!
Property Specifics
| Condos/Townhomes | |
| 3 | |
| — | |
| 1960 | |
| None | |
| — | |
| No | |
| — |
| Cook | |
| Belmont Heights | |
| 266 / Monthly | |
| Heat,Gas,Insurance,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal | |
| Lake Michigan | |
| Public Sewer | |
| 11256061 | |
| 12244000411013 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 10 Dec, 2021 | Sold | $142,500 | MRED MLS |
| 5 Nov, 2021 | Under contract | $147,500 | MRED MLS |
| 26 Oct, 2021 | Listed for sale | $147,500 | MRED MLS |
Room Specifics
Total Bedrooms: 2
Bedrooms Above Ground: 2
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: Carpet
Full Bathrooms: 1
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: No additional rooms
Basement Description: None
Other Specifics
| — | |
| Concrete Perimeter | |
| Concrete | |
| Balcony, Storms/Screens | |
| Corner Lot | |
| COMMON | |
| — | |
| None | |
| Storage | |
| Range, Refrigerator | |
| Not in DB | |
| — | |
| — | |
| Coin Laundry, Storage | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $89 |
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Listing Provided By
Peter Drossos Real Estate
