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    1502 N Cleveland Avenue

    Chicago, IL 60610
    • $995,000
    • STATUS: Active Under Contract
    • ON SITE: 63 days
    • MLS #: 10827631
    Under Contract
    UPDATED: 18 min ago
    $995,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1895
    County:

    School Ratings & Info

    Description

    OLD TOWN-Investors delight SPACIOUS GRAY-STONE 3 UNITS w/beautiful curb appeal. Almost 5000 Sq Ft of living space, Lot (25x123), RT-5 Zoning. Building was gutted & rehabbed 30 years ago w/full replacement & improvements of structural, plumbing, electric & mechanic. **1st fl, owner occupied, is dplx down, almost 2000 Sq Ft w/2 full huge Baths, 2 fireplaces,. /can be rented for $3,200+ / month. A few months ago was just nicely remodeled ( see pictures) **2nd ( see pics) & 3rd units are identical: 2/1, laminate floor, Fireplace, spacious w/lots of light...Tenants pay all utilities! Current Gross Income, if owner unit is rented, will be around $100,000/with some improvements Gross Income can be $30K-$40K higher. Bldg is ideal for 2 or 3 condos /Duplex down & duplex up/, convert to SF home or keep it as high end investment. Condos in the area sell for over $1 Million, SF for a few Millions. Laundry in the basement, 2 Car garage /can bring extra Income/. Amazig Chicago's city sky light from the roof (Pls check the photo-possible roof deck) ) Beautiful secular yard. Bldg is well cared for, however, long time owner prefers AS-IS sale.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-25T06:54:09.11 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1502 N Cleveland Avenue Chicago, IL 60610

    • Price: $995,000
    • Status: Active Under Contract
    • Updated: 18 min ago
    • MLS #: 10827631
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1895
    Built
    Neighborhood:
    Old Town
    County:
    Cook
    Area:
    Chi - Near North Side
    Property Description
    OLD TOWN-Investors delight SPACIOUS GRAY-STONE 3 UNITS w/beautiful curb appeal. Almost 5000 Sq Ft of living space, Lot (25x123), RT-5 Zoning. Building was gutted & rehabbed 30 years ago w/full replacement & improvements of structural, plumbing, electric & mechanic. **1st fl, owner occupied, is dplx down, almost 2000 Sq Ft w/2 full huge Baths, 2 fireplaces,. /can be rented for $3,200+ / month. A few months ago was just nicely remodeled ( see pictures) **2nd ( see pics) & 3rd units are identical: 2/1, laminate floor, Fireplace, spacious w/lots of light...Tenants pay all utilities! Current Gross Income, if owner unit is rented, will be around $100,000/with some improvements Gross Income can be $30K-$40K higher. Bldg is ideal for 2 or 3 condos /Duplex down & duplex up/, convert to SF home or keep it as high end investment. Condos in the area sell for over $1 Million, SF for a few Millions. Laundry in the basement, 2 Car garage /can bring extra Income/. Amazig Chicago's city sky light from the roof (Pls check the photo-possible roof deck) ) Beautiful secular yard. Bldg is well cared for, however, long time owner prefers AS-IS sale.
    Exterior Features

    Cars 4 Exterior Building Type MasoniteStone Floor Unit1 1 Floor Unit2 2 Floor Unit3 3 Foundation StoneOther Garage Details Transmitter(S) Garage On Site Yes Garage Ownership Owned Garage Spaces 2 Garage Type Detached Lot Description Fenced Yard Lot Dimensions 25 X 123 Lot Size Standard Chicago Lot Parking GarageSpace/S Parking Included In Price Yes Parking On Site Yes Parking Ownership Owned Parking Spaces 2 Roof Type Tar And Gravel Style Of House Greystone Type Multi 3 Flat Waterfront YN No

    Interior Features

    Appliances Features Unit1 StoveRefrigeratorDishwasherCentral Air ConditionerFireplace-Wood Appliances Features Unit2 StoveRefrigeratorDishwasherCentral Air ConditionerFireplace-WoodHardwood Floors Appliances Features Unit3 StoveRefrigeratorDishwasherFireplace-WoodHardwood Floors Basement None Basement Bathrooms YN No Basement Description None Bath Amenities WhirlpoolSoaking Tub Bedrooms Above Grade 5 Bedrooms Below Grade 0 Bedrooms Unit1 3 Bedrooms Unit2 2 Bedrooms Unit3 2 Equipment Security SystemSump Pump Full Baths In Building 4 Full Baths Unit1 2 Full Baths Unit2 1 Full Baths Unit3 1 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Fuel GasForced Air Rooms 20 Rooms Unit1 8 Rooms Unit2 6 Rooms Unit3 6

    Property Features

    3 Br Un In Bldg YN No Additional Sales Information List Broker Must Accompany Age 100+ Years Agent Owned Interest YN No Area Amenities Curbs/GuttersSidewalksStreet LightsStreet PavedOther Built Before1978 YN Yes Contingency Flag Other Contingency Corporate Limits Chicago Elementary Sch Dist 299 General Information None Gross Expenses 0 Gross Rental Income 103600 High Sch Dist 299 Holds Earnest Money Yes Jr High Middle Dist 299 Lease Exp Date Mo Yr Unit1 0/00 Lease Exp Date Mo Yr Unit2 5/21 Lease Exp Date Mo Yr Unit3 6/21 Net Oper Income 0 New Construction No Other Addl Income Coin LaundryGarage/SParking Space/S Ownership Fee Simple Possession Closing Recent Rehab YN Yes Rent Unit1 Own Rent Unit2 1750 Rent Unit3 2200 Sale Terms Conventional Sec Deposit Unit1 Own Sec Deposit Unit2 1750 Sec Deposit Unit3 2200 Sewer Sewer-Public Special Assessments No Special Service Area N Tax Exemptions HomeownerSenior Tax Year 2019 Taxes 22272 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Total Rental Income 8550 Total Units In Building 3 Township North Chicago Water Lake Michigan Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Residential.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-25T06:54:09.11 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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