5209 Winthrop Avenue, Edgewater, Chicago, Illinois 60640
$645,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1906 |
| Property Taxes: | $8,993 |
| Days On Market: | 1432 |
| Lot Size: | 0,06 |
Description
Investors!!!! This solid brick, two unit building with beautiful front and back yard in hot Edgewater will start cash flowing from day one! The 1st floor unit duplex down has a finished basement featuring 4 bedrooms, 2 bathrooms and is currently rented to a long time tenant with annual $36,000's rental income! (Current tenant wants 6 yrs lease still has 5 yrs left! Currently used as a daycare) . The top floor unit features two bedrooms one bathroom, currently owner use one room, and rents out the another one to Airbnb for annual income around $21,000, (the income could be around $40,000 if the both two rooms rented to Airbnb). Potentially total annual income is around $76,000!!! Excellent location, three minutes walk to Redline train, Buses #22,#62,#147 are around corner, 5 mins walk to beach of Michigan Lake, Marianos, Starbucks, and tons of restaurants within walking distance. It could also be a great opportunity to live in the top floor unit, while rent out the duplex downstairs for substantial & impressive rental income! Recent rehab in 2013 and many since then including kitchen cabinets, granite countertops, boiler, electrical upgrades, new and resurfaced hardwood floors, silver recoated roof, appliances, and newer windows. Gated buzz-in entry. Building is landlocked, no parking space. Don't miss out this great investment.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1906 | |
| — | |
| — | |
| No | |
| 0.06 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 11306763 | |
| 14082110110000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 8 Feb, 2013 | Sold | $290,000 | MRED MLS |
| 28 Jan, 2013 | Under contract | $299,900 | MRED MLS |
| — | Last price change | $314,900 | MRED MLS |
| 10 Nov, 2012 | Listed for sale | $329,900 | MRED MLS |
| 15 Jan, 2016 | Sold | $439,000 | MRED MLS |
| 2 Nov, 2015 | Under contract | $439,000 | MRED MLS |
| 7 Oct, 2015 | Listed for sale | $439,000 | MRED MLS |
| 1 Apr, 2022 | Sold | $645,000 | MRED MLS |
| 25 Jan, 2022 | Under contract | $650,000 | MRED MLS |
| 18 Jan, 2022 | Listed for sale | $650,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Partially Finished
Other Specifics
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| 30' X 96' | |
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| — | |
| — | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2013 | $7,849 |
| 2016 | $6,358 |
| 2022 | $8,993 |
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Listing Provided By
@properties | Christie's International Real Estate
