5415 Ashland Avenue, Edgewater, Chicago, Illinois 60640
$455,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1896 |
| Property Taxes: | $6,966 |
| Days On Market: | 2738 |
| Lot Size: | 0,00 |
Description
Hot Location! Big Profits! Great Cash Flow! Investors don't miss out on the opportunity to purchase a Brick 2 flat in one of the most desirable neighborhoods in Chicago - Edgewater! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit and a garden unit with 2 beds and 1 bath. Renovated sold comparable 2 and 3 unit properties in Edgewater within a mile of this building sold for an average of $855,000! Gut the garden unit and cosmetically upgrade the other two units to make a $300,000+ profit! Once renovated, the 3 bedroom unit can rent for up to $2,100 per month and the 2 bedrooms can rent for $1,700 per month - $5,500 in gross monthly rental revenue or $66,000 in gross annual rental income! Owner lives in the top unit and the other two units have month-to-month leases! Buyer will need to purchase "as is". The owner is installing a brand new back porch in April of 2018 - this is a $25,000 value to the new owner!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1896 | |
| None | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan,Public | |
| Public Sewer | |
| 09884476 | |
| 14081070150000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Aug, 2018 | Sold | $455,000 | MRED MLS |
| 25 Apr, 2018 | Under contract | $475,000 | MRED MLS |
| 14 Mar, 2018 | Listed for sale | $475,000 | 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: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
| 2 | |
| — | |
| — | |
| Porch | |
| — | |
| 3,950 SQ FT | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $6,966 |
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Listing Provided By
Keller Williams Premiere Properties
