2718 West Winnemac, Chicago IL 60625
- Units 3
- Total Beds 9
- Total Baths 3
- Taxes $14,142
- Payment Estimate View Mortgage Calculator
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Property Description
Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1,396,800. Rental rates are quoted at pro-forma rental amounts.
Features & Information
Key Details
- List Price $1,150,000
- Property Taxes $14,142
- Price/ Sq. Ft. Unavailable
- Year Built 1921
- Parking Type Garage
- Status Active
Rooms
- Total Rooms 15
- Basement F
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 3
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Brick
- Heating & Cooling Gas, Radiators
-
Units
- Unit 1 Stove, Refrigerator, Microwave
- Unit 2 Stove, Refrigerator
- Unit 3 Stove, Refrigerator
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property Take Western Ave North To Lawrence Ave, Then West To California Ave, Then North To Winnemac Ave Then East To 2712
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 14142
- Tax Year 2023
- Parcel Identification Number 13124040330000
Utilities
- Sewer Sewer-Publ
Listed by Mo Dadkhah for Main Street Real Estate Group | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 12/10/2024 1:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Ravenswood
Filled with gigantic trees, spacious lawns, and old renovated homes, the Ravenswood neighborhood is a lovely place to get away from hectic city life, while remaining in the middle of a thriving community that has it all. One of Ravenswood's (or Lincoln Square's, depending on who you ask) crowning glories is the Old Town School of Folk Music. It originated in Old Town, but the performance venue (which has hosted the likes of Joni Mitchell) was moved up to Ravenswood in recent years and continues to produce great folk shows. A slew of Ravenswood cafés and taverns also welcome live music and the occasional comedy act, in addition to supplying the bulk of neighborhood nightlife. On the dining front, a long list of excellent restaurants has made a blip on Chicago's culinary radar. Romantic French bistros, trendy sushi bars, unforgettable Italian pasterias, and satisfying American diners cover any mood or craving with style and masterfully prepared meals.
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