1114 North Wolcott Avenue

Chicago, IL 60622

$2,400,000
Price
15
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Step into a prime investment opportunity with this elegant and recently rehabbed 8 unit building, nestled on a picturesque, tree-lined street in the highly sought-after Wicker Park neighborhood. Just minutes from the CTA Blue Line and 90/94 this location is nestled right in the heart of Chicago's highly coveted Division Street. This building is a standout choice for savvy investors seeking steady cash flow and with room to increase rents further.Step into a prime investment opportunity with this elegant and recently rehabbed 8 unit building, nestled on a picturesque, tree-lined street in the highly sought-after Wicker Park neighborhood. Just minutes from the CTA Blue Line and 90/94 this location is nestled right in the heart of Chicago's highly coveted Division Street. This building is a standout choice for savvy investors seeking steady cash flow and with room to increase rents further.

Listing Agent

  1. Joe Kotoch

    Joe Kotoch

    Listing Agent

    Compass

    joe.kotoch@compass.com

    P: (773)-270-2495

Property Details for 1114 North Wolcott Avenue

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 10/06/2024 10:01 PM

Property Details for 1114 North Wolcott Avenue

StatusActive
MLS #12151825
Days on Market18
Taxes$33,020 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1899
Lot Size0.07 AC / 3,049 SF
CountyCook County

Building Information for 1114 North Wolcott Avenue

Stories3Residences6Year Built1899Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1114 North Wolcott Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Description: Finished
  • Heat/Ventilation: Gas,Wall Unit,Separate Per Unit
  • # Of Refrigerators: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 25X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Building Area Total: 6
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-09-25T13:38:23
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,400.00
  • Fuel Expense: $.00
  • Gross Income: $200,400.00
  • Gross Scheduled Income: $203,580.00
  • Insurance Expense: $4,031.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 16965
  • Water Expense Source: Actual
  • Net Operating Income: $139,802.00
  • Operating Expense: $63,778.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,500.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • 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 Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • 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 1114 North Wolcott Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1114 North Wolcott Avenue

Taxable ValueLand$21,175Additions$140,825Total$162,000
Tax Record2022$32,054 ($2,671 / month)
Home Facts
Baths6.5Total Finished SqFt6,012 SqFtAbove Grade Finished SqFt6,012 SqFtStories3Lot Size3,025 SqFtStyleMulti-Family Res (5+ Units)Year Built1899CountyCOOKAPN17-06-401-038

Schools near 1114 North Wolcott Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Pritzker Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Lasalle II Lang Acad Elementary School
PublicPK to 8

Sabin Elementary Magnet School
PublicPK to 8

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.

Similar Homes

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1114 North Wolcott Avenue is a multi-family home for sale in Chicago, IL 60622. This property was listed for sale on September 25, 2024 by Compass, it's currently listed at $2,400,000. It has been on the market for a total of 18 days and was last sold on December 27, 2022. This listing's school district is City Of Chicago School District 299. Nearby schools include Pritzker Elementary School, Wells Community Academy High School and Lasalle II Lang Acad Elementary School. 1114 North Wolcott Avenue is a 15-bed, 6-bath, multi-family home built in 1899.

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 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. Based on information submitted to the MLS GRID as of 10/06/2024 10:01 PM. 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.