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    1719 N Maplewood Avenue

    Chicago, IL 60647
    • $1,480,000
    • STATUS: Closed
    • ON SITE: 216 days
    • MLS #: 10678341
    Sold - 10/27/2020
    $1,480,000
    SOLD - 10/27/2020
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Now is the time to invest in one of the hottest neighborhoods in Chicago where West Bucktown meets Logan Square less than one block to "The 606" (Bloomingdale Trail). This 2016 Gut Renovation of a Classic Greystone LEGAL FOUR FLAT Building is a rock-solid investment from top to bottom with a new infrastructure: new roof, new windows, tuck pointing, new decks, new plumbing, new electric, etc. Each unit features two full bedrooms, two full baths and has been transformed to Luxury Condo QUALITY with today's designer trends. Unit Features: Hardwood Floors, Carrara marble counters, heated bathroom floors, custom mill work, private decks, in unit laundry, great storage, and more! BONUS: Three parking spaces! Equidistant to Restaurant Row on Armitage & Milwaukee Ave. Close to Bucktown/Wicker Park 4 blocks away from CTA Blue Line. This investment generates nearly $130,000 a year in Gross Rent with a Net Operating Income of $102,000! CAP RATE close to 7.0% is fair market value for this hot neighborhood. This is a fully occupied "turn key" building with leases through 2021/2022. Rents just increased by $4,800 on an annual basis! What a great opportunity!

    Sold by Citywide Real Estate.

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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 2020-10-29T23:51:16.207 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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    1719 N Maplewood Avenue Chicago, IL 60647

    • Price: $1,575,000
    • Status: Closed
    • Updated: 34 min ago
    • MLS #: 10678341
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Now is the time to invest in one of the hottest neighborhoods in Chicago where West Bucktown meets Logan Square less than one block to "The 606" (Bloomingdale Trail). This 2016 Gut Renovation of a Classic Greystone LEGAL FOUR FLAT Building is a rock-solid investment from top to bottom with a new infrastructure: new roof, new windows, tuck pointing, new decks, new plumbing, new electric, etc. Each unit features two full bedrooms, two full baths and has been transformed to Luxury Condo QUALITY with today's designer trends. Unit Features: Hardwood Floors, Carrara marble counters, heated bathroom floors, custom mill work, private decks, in unit laundry, great storage, and more! BONUS: Three parking spaces! Equidistant to Restaurant Row on Armitage & Milwaukee Ave. Close to Bucktown/Wicker Park 4 blocks away from CTA Blue Line. This investment generates nearly $130,000 a year in Gross Rent with a Net Operating Income of $102,000! CAP RATE close to 7.0% is fair market value for this hot neighborhood. This is a fully occupied "turn key" building with leases through 2021/2022. Rents just increased by $4,800 on an annual basis! What a great opportunity!
    Exterior Features

    Cars 3 Exterior Building Type BrickLimestone Exterior Property Features Deck Floor Unit1 1 Floor Unit2 2 Floor Unit3 3 Floor Unit4 G Lot Dimensions 25X125 Lot Size Less Than .25 Acre Parking Space/S Parking Details Assigned SpacesOff Alley Parking Included In Price Yes Parking On Site Yes Parking Ownership Owned Parking Spaces 3 Roof Type Asphalt/Glass (Rolled)Flat Roof Style Of House Greystone Type Multi 4 Flat Waterfront YN No

    Interior Features

    Appliances Features Unit1 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-UpRange HoodHardwood FloorsWalk-In Closet Appliances Features Unit2 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-UpRange HoodHardwood FloorsWalk-In Closet Appliances Features Unit3 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-UpRange HoodHardwood FloorsWalk-In Closet Appliances Features Unit4 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-UpRange HoodHardwood FloorsWalk-In Closet Basement Full Basement Description Finished Bedrooms Above Grade 8 Bedrooms Below Grade 0 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Full Baths In Building 8 Full Baths Unit1 2 Full Baths Unit2 2 Full Baths Unit3 2 Full Baths Unit4 2 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Fuel GasForced Air Rooms 18 Rooms Unit1 4 Rooms Unit2 5 Rooms Unit3 5 Rooms Unit4 4

    Property Features

    3 Br Un In Bldg YN No Additional Sales Information None Age Unknown Agent Owned Interest YN No Area Amenities Park/PlaygroundCurbs/GuttersSidewalksStreet LightsStreet Paved Built Before1978 YN Yes Corporate Limits Chicago Electricity Expense 691 Elementary Sch Dist 299 Finance Code Conventional General Information None Gross Rental Income 129600 High Sch Dist 299 Holds Earnest Money Yes Insurance Amount 2944 Jr High Middle Dist 299 Lease Exp Date Mo Yr Unit1 07/21 Lease Exp Date Mo Yr Unit2 02/22 Lease Exp Date Mo Yr Unit3 07/21 Lease Exp Date Mo Yr Unit4 03/21 Net Oper Income 101952 New Construction No Ownership Fee Simple Possession Closing Recent Rehab YN Yes Rent Unit1 2800 Rent Unit2 2800 Rent Unit3 2900 Rent Unit4 2300 Sec Deposit Unit1 2800 Sec Deposit Unit2 2600 Sec Deposit Unit3 2900 Sec Deposit Unit4 2300 Sewer Sewer-Public Short Sale Not Applicable Special Assessments No Special Service Area N Tax Exemptions HomeownerSenior Tax Year 2019 Taxes 22771.86 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Tenant Pays Unit4 ElectricGasHeat Total Rental Income 129600 Total Units In Building 4 Township West Chicago Water Lake MichiganPublic Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties.


    © 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 2020-10-29T23:51:16.207 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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