1062 West Columbia, Chicago IL 60626
$1,600,000

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Property Description

Amazing opportunity to own an oversized 4-unit building on a dead-end street. The building sits on a 37 x 175 lot that is 100 feet from a public beach on Lake Michigan (here the waves crash from the back decks). Just steps off Loyola Campus-easy access to the Metra, L train, and Lake Shore Drive. Lease dates-Garden Mnoth to month @ 2425; unit 1-8/26 @ 3950; unit 2 - 2/28/26 @ 3750; unit 3 - 10/25 @ 3750. 166500 in rent a year. Units can be upgraded-tons of room for the rents to grow. All the units have full kitchens, in-unit laundry, forced heat, and central AC. large bedrooms and a large common family room. Units 1 to 3 have back decks. Parking in the back for up to 8 (tandem parking). All brick building. The owner covers electricity and heat with the rent. (legal 4 units w. all the elcectirc and gas seperate - owner pays them as part of rent) Gas for 2024 was 6915; electric for 24 was 7096; 2024 water was approx. 3k; 24 insurance was 5306- No garbage fees. 126k net after all expenses. The roof was changed in 2024, and all the mechanicals have been updated since 2021. Look at addition tab for info plus cap rate sheet (7.8% true cap rate)

Features & Information

Key Details

  • List Price $1,600,000
  • Property Taxes $18,873.70
  • Price/ Sq. Ft. Unavailable
  • Year Built 1950
  • Parking Type Space/s
  • Status Pending

Rooms

  • Total Rooms 23
  • Basement P

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  8

Building Information

  • Number of Units 4
  • Age of Building 71-80 Years
  • Exterior Construction Brick,Block,Masonite
  • Foundation Concrete
  • Heating & Cooling Gas
  • Units

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Central Air Conditioner
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Central Air Conditioner
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Central Air Conditioner
  • Unit 4 Stove, Refrigerator, Washer, Dryer, Central Air Conditioner

Location

  • County Cook
  • Township Rogers Park
  • Corporate Limits Chicago
  • Directions to Property South Of Pratt, East Of Sheridan
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 18873.70
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 11324000450000

Utilities

  • Sewer Sewer-Publ

Listed by Sophia Klopas for Jameson Sotheby's Int'l Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/2/2025 3:02 AM. 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 Rogers Park

At the farthest reaches of Chicago's northern city limits, East Rogers Park is a charming neighborhood along Lake Michigan, where architecture of old and new mingle, providing the community's diverse group of residents with both classic and contemporary homes. Beautiful lakefront parks and beaches give the area a relaxing, vacation-like feel that spills over into the neighborhood's laid-back lifestyle. Corner coffee houses, sandwich shops and delis are popular hangouts in East Rogers Park, while fine restaurants, posh nightclubs and a successful theater district bring sophistication and culture to the heart of this sought-after Chicago zip code. East Rogers Park is also home to Loyola University. The active campus and injection of students to the local population instills an energy and youthfulness that keep this Chicago neighborhood on the up.

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