1632 West Chase Avenue
1632 West Chase Avenue
$1,800,000
18
12
—
—
—
Description
Enormous 6-Flat with 9-foot ceilings from the basement through the third floor. This building is larger than ANY MLS sale of 5,6 or 7-Unit buildings in Roger's Park or Edgewater since 2018. All 6 apartments have around 1900 square feet and boasts 3 bedrooms and 2 full baths with one of the baths being a shared ensuite. All units have Living rooms that are huge with tons of light since their orientation is south. The formal dining rooms could comfortably accommodate a dinner for ten or twelve. Two...Enormous 6-Flat with 9-foot ceilings from the basement through the third floor. This building is larger than ANY MLS sale of 5,6 or 7-Unit buildings in Roger's Park or Edgewater since 2018. All 6 apartments have around 1900 square feet and boasts 3 bedrooms and 2 full baths with one of the baths being a shared ensuite. All units have Living rooms that are huge with tons of light since their orientation is south. The formal dining rooms could comfortably accommodate a dinner for ten or twelve. Two of the units were wonderfully renovated to condo quality standards and gross $2,100/mo. respectively. The other units will require updating to maximize their rent potential. Updating for those apartments will range from 1) full renovation floor to ceiling in the vacant unit; 2) kitchens and some bath upgrading; 3) mostly paint or cosmetic touches. The minor to major updating of 4 of the apartments will go a long way to raise all units to minimally $2100 monthly rentals. Conservatively, this multiunit should exceed $150,000 Annually as a 6-unit. Major building improvements include new windows (2018), water heater (2017), boiler (2018) and wrought iron fencing. Roofs for both the building and garages were replaced around 2015, and the tuckpointing has been properly maintained over the years. There are two self-contained garage spaces and 2 or 3 exterior spaces for additional revenue. The back stairs enclosed a number of years ago, with aluminum siding inside and out. With some vision money and skill, this building has the phenomenal long-term potential. Nestled between Northwestern and Loyola, this building has had many student-tenants over the years. A "Walk Score of 89" makes this a very accessible option for tenants. It's only a few blocks from Touhy or Pottawattomie Parks and the Jarvis Red-Line stop. Less than a half mile to the Metra at Lunt or the Lake Michigan and Leone Park & Beach. Two shared washers and dryers as well as storage lockers are available in the basement. Property income numbers belie the true value of this gem since the owner lives in one and one other is vacant, awaiting renovation. Rent numbers are derived from only 4 of the 6 units. This property, held in a land trust is being sold AS-IS. First showings should allow for access to 2 to 3 units & the common areas.
- Listed by John Creighton • Baird & Warner
Property Details for 1632 West Chase Avenue
Area
CHI - Rogers Park
ZoningMULTI
Location
LISTING UPDATED: 02/26/2024 02:20 PM
Property Details for 1632 West Chase Avenue
Status | Active |
---|---|
MLS # | 11891313 |
Days on Market | 297 |
Taxes | $19,042 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1905 |
Lot Size | 0.17 AC / 7,500 SF |
County | Cook County |
Location
Building Information for 1632 West Chase Avenue
Stories-Residences6Year Built1905Building Size-Lot Size0.17 AC / 7,500 SF
Payment Calculator
$11,410 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1632 West Chase Avenue
Property History for 1632 West Chase Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1632 West Chase Avenue
Taxable ValueLand$13,500Additions$82,500Total$96,000
Tax Record2022$19,042 ($1,587 / month)
Home Facts
Baths9Total Finished SqFt11,850 SqFtAbove Grade Finished SqFt11,850 SqFtStories3Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN11-30-422-016
Schools near 1632 West Chase Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Gale Elementary Community Academy PublicPK to 8 | ||
Sullivan High School Public9 to 12 | ||
Chicago Math & Sci Elementary Charter Charter6 to 12 | ||
Acero Chtr Sor Juana Ines de la CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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