1143 North Rockwell Street

Chicago, IL 60622

$1,999,995
Price
17
Beds
9
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor's Dream Opportunity in West Town Chicago! Welcome to an exceptional investment opportunity in the highly sought-after West Town Chicago neighborhood! This rarely available multi-unit property is the perfect choice for cash buyers seeking a solid investment to park their money and secure reliable returns. Property Highlights: Prime Location: Nestled in the heart of West Town, this all-brick building stands out as a gem in the real estate market. Income Generator: With a total of 9 units,...Investor's Dream Opportunity in West Town Chicago! Welcome to an exceptional investment opportunity in the highly sought-after West Town Chicago neighborhood! This rarely available multi-unit property is the perfect choice for cash buyers seeking a solid investment to park their money and secure reliable returns. Property Highlights: Prime Location: Nestled in the heart of West Town, this all-brick building stands out as a gem in the real estate market. Income Generator: With a total of 9 units, this property is currently 100% leased, providing an immediate and steady stream of income for savvy investors. Zoning Advantage: Enjoy the benefits of C1-2 zoning on an extra-deep lot, allowing for versatile use and potential future development opportunities. Solid Structure: The enduring appeal of an all-brick construction ensures lasting value and low maintenance costs. Modern Upgrades: Benefit from newer windows that enhance energy efficiency and aesthetic appeal. Financial Snapshot: Stable Income: All 9 units are currently leased, ensuring a reliable and consistent rental income. Desirable Zoning: C1-2 zoning opens up various possibilities for maximizing returns, making this property an attractive investment choice. Low Vacancy Risk: The strong demand for rental units in the West Town area minimizes the risk of vacancies, contributing to a robust cash flow. Investment Potential: Strategic Frontage: Boasting approximately 29 ft x 175 ft frontage on Rockwell, the property offers a strategic location for visibility and accessibility. Separate Utilities: Individual meters for utilities provide convenience for both landlord and tenants, enhancing the property's appeal. Investor-Friendly Documentation: An Offering Memorandum is available to provide comprehensive insights into the investment potential and financial details. Why West Town? West Town is renowned for its vibrant community, excellent amenities, and proximity to the city's cultural and business hubs. The neighborhood's ongoing growth and development make it an ideal location for investors looking for long-term appreciation. Opportunity Awaits! Seize this rare opportunity to invest in a prime West Town Chicago multi-unit property. Whether you're a seasoned investor or looking to diversify your portfolio, this offering is sure to meet your criteria for a solid and lucrative investment. Available Offering Memorandum! Don't miss out on this chance to secure your financial future through a wise real estate investment.
  1. Listed by Vilija Garbonkus • eXp Realty, LLC

Property Details for 1143 North Rockwell Street

Area
CHI - West Town
Zoning
COMMR

Location

Listing Courtesy of eXp Realty, LLC
Add your commute
LISTING UPDATED: 04/07/2024 12:06 AM

Property Details for 1143 North Rockwell Street

StatusActive
MLS #11968091
Days on Market82
Taxes$15,623 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1893
Lot Size0.11 AC / 4,700 SF
CountyCook County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 1143 North Rockwell Street

Stories-Residences9Year Built1893Building Size-Lot Size0.11 AC / 4,700 SF

Payment Calculator

$12,217 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$1,302

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1143 North Rockwell Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 3.0
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Separate Meters
  • Heat/Ventilation: Forced Air
  • Num of Baths: 9.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 25X175
  • Lot Size Square Feet: 4700.0
  • Stories: 3
  • Exterior Building Type: Brick
Property and Assessments
  • Possible Use: Commercial, Condominium, Multi-Family
  • Public Document Count: 1
  • Document Date: 2024-01-26T12:14:04
  • Photos Count: 50
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 02-28-2024
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $6,000.00
  • Fuel Expense: $600.00
  • Gross Income: $165,900.00
  • Gross Scheduled Income: $165,900.00
  • Insurance Expense: $8,052.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 3600
  • Trash Expense Source: Actual
  • Total Monthly Income: 13825
  • Water Expense Source: Actual
  • Net Operating Income: $42,311.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $1,896.00
  • Water Sewer Expense: $6,540.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 8
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 1143 North Rockwell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1143 North Rockwell Street

Taxable ValueLand$6,815Additions$69,142Total$75,957
Tax Record2022$15,623 ($1,302 / month)
Home Facts
Stories3Lot Size4,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1894CountyCOOKAPN16-01-402-052

Schools near 1143 North Rockwell Street

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

Clemente Community Academy High School
Public9 to 12

Acero Chtr - Esmera Santiago Cmps
CharterK to 8

Bridgescape Academy Humboldt Park
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.

Similar Homes

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1143 North Rockwell Street is a multi-family home for sale in Chicago, IL 60622. This property was listed for sale on February 20, 2024 by eXp Realty, LLC, it's currently listed at $1,999,995. It has been on the market for a total of 82 days and was last sold on May 4, 2007. This listing's school district is City Of Chicago School District 299. Nearby schools include Chopin Elementary School, Clemente Community Academy High School and Acero Chtr - Esmera Santiago Cmps. 1143 North Rockwell Street is a 17-bed, 9-bath, multi-family home built in 1893.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

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 04/07/2024 12:06 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.