$4,350,000 Price Analysis 1616 N Western AveChicago, IL 60647 15 bed 15 bath unknown SqFt ($0/SqFt) 8,250SqFt lot. Built 2003 Listed 2024-06-20, Taxes $18,679 | Ⓧ USDA Ineligible due to price & location near Chicago |
This newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops and 42-inch cbinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the roomy rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents.
Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated nea r the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries and music venues, enriching the local lifestyle and attracting a dynamic tenant base.
Presented by Yvonne Stachyra at
Wesley Realty Group.
Property MLS #12089455 from MRED
Year | Assessments Building + Land Total | Tax |
---|---|---|
2021 | $87,817 + $2,552 $90,369 | $18,679 |
2020 | $118,848 + $2,552 $121,400 | $27,881 |
2019 | $118,848 + $2,552 $121,400 | $25,148 |
2018 | $118,848 + $2,552 $121,400 | $24,736 |
2017 | $105,459 + $2,552 $108,011 | $24,025 |
2016 | $105,459 + $2,552 $108,011 | $22,441 |
2015 | $105,459 + $2,552 $108,011 | $20,573 |
2014 | $91,183 + $2,552 $93,735 | $18,109 |
2013 | $60,819 + $2,552 $63,371 | $12,038 |
2012 | $89,843 + $2,552 $92,395 | $17,367 |
2011 | $52,406 + $2,552 $54,958 | $9,402 |
2010 | $29,946 + $2,552 $32,498 | $5,577 |
2009 | $29,946 + $2,552 $32,498 | $5,229 |
2007 | $44,880 + $3,879 $48,759 | $7,223 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.