1527 N Western Avenue new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60622
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12422904
Bedrooms 11
Year Built 1897
Annual Tax Amount $15,663
Tax Year 2023
Lot Size 2,613 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
Calling all investors and house hackers! Brick legal three-flat with an additional garden unit on the edge of Wicker Park. This SOLID building features eleven bedrooms and four bathrooms across approximately 4,600 square feet, with all units on separate meters and equipped with central air conditioning. Each of the three main units includes three bedrooms and one bathroom plus porch, all rehabbed around 2015, while the garden unit offers two bedrooms and one bathroom with private side and rear access. The building includes a three-car parking pad, a newer coin-operated laundry system for additional income. With current rents totaling $8,315 per month and a pro forma potential of $9,750, the property is already cash-flowing and offers further upside with cosmetic updates or in unit washer/dryer. Longer-term leases are in place for three of the four units, and tenants pay their own gas and electric, keeping operational costs low. Located just steps from the CTA Blue Line, 606 Trail, and some of Chicago's best restaurants and nightlife, this well-maintained asset offers prime convenience and steady returns in one of the city's most sought-after neighborhoods. Whether you're looking to offset your housing costs or expand your portfolio with a stable income-generating property this brick beauty delivers on all fronts.
Location
State IL
County Cook
Rooms
Basement Finished,Full
Interior
Heating Electric
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None