$7,400,000 Price Analysis    ♡   Chicago, IL 60660 Unknown bed 3 bath unknown SqFt ($0/SqFt) 0.24 acre lot. Built 1924 Listed 2023-12-24, Taxes $28,097 | Ⓧ USDA Ineligible due to price & location near Chicago |
Built in 1924
Rare, turnkey 23 unit apartment building in Edgewater north outside Andersonville. Fully leased and condo conversion quality with reconstruction including brand new water main, all new gas and water piping and systems, complete window replacement, new overlay rubber roof with skylights over stairwells. Four separate entrances. Located on the corner of Paulina and Glenlake. Each entry with call box intercom system to a tenant's cell phone. All Chicago red brick with two car, all brick garage, large decks up to code and beautiful, secured courtyard with four sets of tables/chairs, bike racks, plantings, mulched areas. Window and lentil replacement. All new interior lighting. 7' entry doors. 800 amp electrical service. Top of the line and absolutely stunning mechanicals in basements with plenty of room for future tenant and common building storage capabilities.
Three basements in total with high ceilings to stand up in. All copper plumbing lines. All separate gas meters. Each unit has central heat, central air, in unit washer and dryer. All new kitchens, bathrooms, flooring, appliances, lighting, dedicated gas/electric meters, radiant heating for basement/vestibules, structural joists replaced, etc. THIS IS A TRUE GUT REHAB. No expense spared. Each tier or set of sis has its own central cable box. Each unit is already wired for cable and cable ready. 100% fire code rated. All Glenlake entrances have skylights at the top of the refurbished stairwells. Original, printed wainscoting. Lobbies with fresh carpeting and stamped tile floors, classic contemporary wood augmentations. All legitimate leases, 12 month minimum term. All tenants credentialed including full credit report, income, landlord, employment verification, background checks. This building runs itself. A must see. Very lw maintenance and sit back and collect rent. A prized piece for a portfolio or star piece for a first timer. Legally zoned for 24 units. Assumable mortgage balance of $3.627M @ an interest rate of 3.09% with 4 years left on the loan as of RIGHT NOW
Presented by Nicholas Colagiovanni at
Baird & Warner Gold Coast.
Property MLS #11806043 from MRED
Lot Size Dimensions: 168X61
Lot Size Square Feet: 10248
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 2
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 4
Source Listing Status: Active
County: Cook
Directions: NORTH LAKESHORE DRIVE TO SHERIDAN, WEST TO PAULINA, NORTH TO 6100. CORNER OF GLENLAKE & PAULINA
Tax Year: 2021
Source Property Type: Multi-Family
Parcel Number: 14062160300000
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $90,147 + $35,983 $126,130 | $28,097 |
| 2019 | $90,147 + $35,983 $126,130 | $25,341 |
| 2018 | $90,147 + $35,983 $126,130 | $24,914 |
| 2017 | $91,053 + $30,843 $121,896 | $26,240 |
| 2016 | $91,053 + $30,843 $121,896 | $24,414 |
| 2015 | $91,053 + $30,843 $121,896 | $22,336 |
| 2014 | $81,229 + $27,758 $108,987 | $20,221 |
| 2013 | $81,229 + $27,758 $108,987 | $19,821 |
| 2012 | $81,229 + $27,758 $108,987 | $19,557 |
| 2011 | $105,820 + $27,758 $133,578 | $21,645 |
| 2010 | $137,567 + $36,086 $173,653 | $28,257 |
| 2009 | $128,124 + $44,413 $172,537 | $26,904 |
| 2007 | $157,287 + $40,712 $197,999 | $28,120 |
| 2006 | $166,584 + $44,413 $210,997 | $30,290 |
$7,400,000
MRED
Sold 2019-09-25
$2,350,000
Public Record
Sold 2013-11-13
$1,725,000
Public Record
Sold 2011-09-30
$1,300,000
Public Record
Sold 2004-03-30
$1,672,000
Public Record
Sold 2003-02-10
$1,420,000
Public Record
Sold 1996-10-18
$550,000
Public Record
Property Age: 100
Levels or Stories: 2
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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.