1508 W Addison St

Chicago, IL 60613

$2,059,000
Last Sold Price
11
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 3/12/21
Closed 3/12/21

Description

Here is an outstanding opportunity for an armchair investor. This completely gutted 4 unit building in the heart of Lakeview and Southport corridor offers 3 large 3 bed 2 bath homes and one 2 bed 2 bath unit. The building features all new electrical, windows, insulation, plumbing, hvac systems, etc... The interiors of each unit are finished with condo quality kitchens, including Fisher Paykel appliances, quarts counters and custom kitchen cabinetry. Each of the baths will include spa quality tile...Here is an outstanding opportunity for an armchair investor. This completely gutted 4 unit building in the heart of Lakeview and Southport corridor offers 3 large 3 bed 2 bath homes and one 2 bed 2 bath unit. The building features all new electrical, windows, insulation, plumbing, hvac systems, etc... The interiors of each unit are finished with condo quality kitchens, including Fisher Paykel appliances, quarts counters and custom kitchen cabinetry. Each of the baths will include spa quality tile work with quartz counters and soft close cabinetry. Each unit will also offer in unit laundry and have large private outdoor space on a new steel decking system. This building is just steps from all of the best that Southport, Wrigley and Lakeview have to offer. Also just a few minutes from transportation. Building is complete and tenants are starting to move in.
  1. Listed by Jamie Connor • Jameson Sotheby's Intl Realty
    P: (773)-339-1439 jconnor@jamesonsir.com

Sold By Berkshire Hathaway HomeServices Chicago

Property Details for 1508 West Addison Street

Area
CHI - Lake View
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Cars
3.0
Heat/Fuel
Natural Gas, Forced Air
LISTING UPDATED: 05/05/2021 10:28 AM

Property Details for 1508 West Addison Street

StatusClosed
MLS #10964492
Days on Market19
Taxes$8,097 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built-
Lot Size-
CountyCook County
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Location

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Building Information for 1508 West Addison Street

Stories3Residences-Year Built-Building Size0' x 0'Building Sq. Ft0 SFLot Size-

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$11,043 per month

30 year fixed, 6.46% Interest

Principal and Interest

$10,368

Property Taxes

$675

HOA Dues

$0

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Property Information for 1508 West Addison Street

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Blaine Elementary School
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 22
  • Bedrooms Total: 11
  • Bedrooms (Below Grade): 0
  • Basement Type: English
  • Bedrooms Possible: 11
  • Basement Description: Finished
  • # Full Baths in Building: 8
  • # Half Baths in Building: 0
  • Num of Baths: 8.0
Utilities / Equipment
  • Sewer: Sewer-Storm
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: Yes
  • Rebuilt Year: 2019
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: COMMON
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 3600
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1508
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2021-01-07T15:51:36
  • Photos Count: 18
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $3,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 6
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 2
  • Appliances/Features Unit 1: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
  • Lease Exp Date (Mo/Yr) - Unit 1: 05-21-2025
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: Electric, Gas, Heat, Other
Unit 2
  • Unit Type Actual Rent: $3,850.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 6
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 2
  • Appliances/Features Unit 2: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
  • Lease Exp Date (Mo/Yr) - Unit 2: 05-21-2025
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: Electric, Gas, Heat, Other
Unit 3
  • Unit Type Actual Rent: $4,050.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 3
  • # Of Rooms - Unit 3: 6
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 2
  • Appliances/Features Unit 3: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
  • Lease Exp Date (Mo/Yr) - Unit 3: 05-21-2025
  • Sec Deposit $ - Unit 3: 0
  • Tenant Pays - Unit 3: Electric, Gas, Heat, Other
Unit 4
  • Unit Type Actual Rent: $2,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Floor # - Unit 4: L
  • # Of Rooms - Unit 4: 4
  • # Half Baths-Unit 4: 0
  • # Full Baths-Unit 4: 2
  • Appliances/Features Unit 4: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Range Hood, Walk-In Closet
  • Lease Exp Date (Mo/Yr) - Unit 4: 08-21-2025
  • Sec Deposit $ - Unit 4: 0
  • Tenant Pays - Unit 4: Electric, Gas, Heat, Other

Property History for 1508 West Addison Street

DateEvent & SourcePriceAppreciation
Mar 12, 2021

Sold

MRED #10964492

$2,059,000—
Feb 28, 2021

Sold (Public Record)

Public Record #694721027

$2,059,000—
Feb 28, 2021

Sold (Public Record)

Public Record #1455945121

$2,059,000

+39.4% / yr

Jan 24, 2021

Pending

MRED #10964492

—
Jan 6, 2021

Listed (Active)

MRED #10964492

$2,225,000—
Jan 6, 2021

Cancelled

MRED #10773732

$2,225,000—
Jul 8, 2020

Cancelled

MRED #10560388

$2,258,500—
Jul 8, 2020

Listed (Active)

MRED #10773732

$2,225,000—
Oct 29, 2019

Listed (Active)

MRED #10560388

$2,258,500—
Dec 27, 2018

Sold (Public Record)

Public Record #637753810

$1,000,000—
May 23, 2018

Sold

MRED #09915433

$740,000—
Apr 13, 2018

Pending

MRED #09915433

—
Apr 12, 2018

Listed (Active)

MRED #09915433

$725,000—
DateEvent & SourcePrice
03/12/2021

Sold

MRED #10964492

$2,059,000
02/28/2021

Sold (Public Record)

Public Record #694721027

$2,059,000
02/28/2021

Sold (Public Record)

Public Record #1455945121

$2,059,000

+39.4% / yr

01/24/2021

Pending

MRED #10964492

—
01/06/2021

Listed (Active)

MRED #10964492

$2,225,000
01/06/2021

Cancelled

MRED #10773732

$2,225,000
07/08/2020

Cancelled

MRED #10560388

$2,258,500
07/08/2020

Listed (Active)

MRED #10773732

$2,225,000
10/29/2019

Listed (Active)

MRED #10560388

$2,258,500
12/27/2018

Sold (Public Record)

Public Record #637753810

$1,000,000
05/23/2018

Sold

MRED #09915433

$740,000
04/13/2018

Pending

MRED #09915433

—
04/12/2018

Listed (Active)

MRED #09915433

$725,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1508 West Addison Street

Taxable ValueLand$56,250Additions$92,500Total$148,750
Tax Record2023$31,385 ($2,615 / month)
Home Facts
Baths4Total Finished SqFt5,684 SqFtAbove Grade Finished SqFt5,684 SqFtStories3Lot Size3,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1915CountyCOOKAPN14-20-120-027

Schools near 1508 West Addison Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Blaine Elementary School
Public - PK to 8
Lake View High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 12
York Alternative High School
Public - 9 to 12
Rating
School
Distance
Blaine Elementary School
PublicPK to 8

Lake View High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

York Alternative High School
Public9 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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Listing Courtesy of Jameson Sotheby's Intl Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 10:28 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.