2322 W Rice St

Chicago, IL 60622

$1,620,000
Last Sold Price
12
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 11/22/24
Closed 11/22/24

Description

Introducing 2322 West Rice, a remarkable legal six-unit building nestled in the heart of Ukrainian Village. This all-brick gem on an extra-wide lot offers a wealth of enticing features and recent updates that make it a fantastic investment opportunity. Each apartment within the building is thoughtfully designed to provide modern comforts and stylish living spaces. Featuring two bedrooms and one bathroom, these units have been tastefully updated to offer a luxurious experience. The renovations in...Introducing 2322 West Rice, a remarkable legal six-unit building nestled in the heart of Ukrainian Village. This all-brick gem on an extra-wide lot offers a wealth of enticing features and recent updates that make it a fantastic investment opportunity. Each apartment within the building is thoughtfully designed to provide modern comforts and stylish living spaces. Featuring two bedrooms and one bathroom, these units have been tastefully updated to offer a luxurious experience. The renovations in 2021 have brought a fresh and contemporary feel to each apartment, ensuring tenants will enjoy a high standard of living. Among the notable features are the brand-new luxury bathrooms and kitchens, exuding elegance and functionality. Imagine stepping into a bathroom adorned with premium fixtures and finishes, creating a spa-like ambiance for relaxation. The kitchens are a chef's dream, boasting stainless steel appliances that lend a sleek and modern touch to the space. These upgraded kitchens will inspire culinary creativity and make meal preparation a delight. In addition to the stylish interiors, the building also offers convenient amenities. Each unit includes its own in-unit laundry facilities, providing residents with the ease and comfort of doing laundry right at home. Central air and heat ensure year-round comfort, allowing tenants to adjust the temperature according to their preferences. Moreover, recent upgrades to the electrical and plumbing systems guarantee a hassle-free living experience, while the comprehensive interior rehabilitation, including the bathrooms, kitchens, and floors, adds to the overall appeal and value of the property. Situated in the vibrant Ukrainian Village, this building enjoys a prime location with an abundance of amenities, trendy dining establishments, and boutiques just a stone's throw away. Residents will appreciate the dynamic and convenient lifestyle this sought-after neighborhood offers. Don't miss the opportunity to own this exceptional six-unit building with its attractive features and recent updates. Whether you're an astute investor or seeking an income-generating property, 2322 West Rice presents an enticing prospect. Embrace the possibilities and seize this remarkable investment in the heart of Ukrainian Village.

Listing Agent

  1. Joe Kotoch

    Joe Kotoch

    Listing Agent

    Compass

    joe.kotoch@compass.com

    P: (773)-270-2495

    CallTextEmail

Sold By Peacocke Properties, LLC

Property Details for 2322 West Rice Street

Area
CHI - West Town
Township
West Chicago
LISTING UPDATED: 11/24/2024 02:00 AM

Property Details for 2322 West Rice Street

StatusClosed
MLS #12177749
Days on Market14
Taxes$26,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1903
Lot Size0.08 AC / 3,690 SF
CountyCook County
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Location

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Building Information for 2322 West Rice Street

Stories3Residences6Year Built1903Building Size-Lot Size0.08 AC / 3,690 SF

Payment Calculator

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$10,096 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,896

Property Taxes

$2,200

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2322 West Rice Street

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 6
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas
  • # Of Refrigerators: 6
  • # Of Dryers: 6
  • # Of Dishwashers: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 30X123
  • Stories: 3
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2024-10-01T18:04:12
  • Photos Count: 15
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 10-01-2024
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $156,888.00
  • Gross Scheduled Income: $156,888.00
  • Insurance Expense: $4,800.00
  • Maintenance Expense: $10,800.00
  • Manager Expense: $6,000.00
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Total Monthly Income: 13074
  • Net Operating Income: $128,782.00
  • Operating Expense: $28,106.00
  • Other Expense: $4,306.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2322 West Rice Street

DateEvent & SourcePriceAppreciation
Nov 22, 2024

Sold

MRED #12177749

$1,620,000—
Nov 5, 2024

Sold (Public Record)

Public Record #1547004319

$1,620,000

+5.2% / yr

Oct 14, 2024

Pending

MRED #12177749

—
Oct 14, 2024

Contingent

MRED #12177749

—
Oct 1, 2024

Listed (Active)

MRED #12177749

$1,675,000—
Mar 31, 2024

Expired

MRED #11795550

$1,675,000—
May 31, 2023

Listed (Active)

MRED #11795550

$1,799,900—
Jan 1, 2023

Expired

MRED #11530729

$1,800,000—
Oct 18, 2022

Price Change

MRED #11530729

$1,899,900—
Aug 17, 2022

Listed (Active)

MRED #11530729

$1,999,900—
Jul 16, 2020

Sold

MRED #10780537

$1,300,000—
Jul 14, 2020

Pending

MRED #10780537

—
Jul 14, 2020

Listed (Active)

MRED #10780537

$1,300,000—
Jul 13, 2020

Pending

MRED #10780537

—
Jul 13, 2020

Listed (Active)

MRED #10780537

$1,300,000—
Jul 11, 2020

Sold (Public Record)

Public Record #677662702

$1,300,000—
DateEvent & SourcePrice
11/22/2024

Sold

MRED #12177749

$1,620,000
11/05/2024

Sold (Public Record)

Public Record #1547004319

$1,620,000

+5.2% / yr

10/14/2024

Pending

MRED #12177749

—
10/14/2024

Contingent

MRED #12177749

—
10/01/2024

Listed (Active)

MRED #12177749

$1,675,000
03/31/2024

Expired

MRED #11795550

$1,675,000
05/31/2023

Listed (Active)

MRED #11795550

$1,799,900
01/01/2023

Expired

MRED #11530729

$1,800,000
10/18/2022

Price Change

MRED #11530729

$1,899,900
08/17/2022

Listed (Active)

MRED #11530729

$1,999,900
07/16/2020

Sold

MRED #10780537

$1,300,000
07/14/2020

Pending

MRED #10780537

—
07/14/2020

Listed (Active)

MRED #10780537

$1,300,000
07/13/2020

Pending

MRED #10780537

—
07/13/2020

Listed (Active)

MRED #10780537

$1,300,000
07/11/2020

Sold (Public Record)

Public Record #677662702

$1,300,000

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

Public Records for 2322 West Rice Street

Taxable ValueLand$25,830Additions$85,485Total$111,315
Tax Record2023$23,557 ($1,963 / month)
Home Facts
Baths6Total Finished SqFt6,150 SqFtAbove Grade Finished SqFt6,150 SqFtStories3Lot Size3,690 SqFtStyleMulti-Family Res (5+ Units)Year Built1911CountyCOOKAPN17-06-324-027

Schools near 2322 West Rice Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Chopin Elementary School
Public - PK to 8
Clemente Community Academy High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 11
York Alternative High School
Public - 9 to 12
Rating
School
Distance
Chopin Elementary School
PublicPK to 8

Clemente Community Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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 11/24/2024 02:00 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.