1500 West Walton Street

Chicago, IL 60642

$2,645,000
Price
18
Beds
14
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$233,460/year Gross Income | $185,472/year Net Income | 7.0% Cap Rate - Impressive for being 1.5 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1500 West Walton Street & 940 North Greenview Avenue | Nestled between the Wicker Park & River West Neighborhoods, these 2 Multi-Family Buildings in HOT WEST TOWN have a Total of 10 Units designed with (6) One Bedrooms & (4) Three Bedroom / 2 Bathroom Apartments | Unique & Money Making Floor Plans | 2 Apartments with In-Unit Laundry...$233,460/year Gross Income | $185,472/year Net Income | 7.0% Cap Rate - Impressive for being 1.5 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1500 West Walton Street & 940 North Greenview Avenue | Nestled between the Wicker Park & River West Neighborhoods, these 2 Multi-Family Buildings in HOT WEST TOWN have a Total of 10 Units designed with (6) One Bedrooms & (4) Three Bedroom / 2 Bathroom Apartments | Unique & Money Making Floor Plans | 2 Apartments with In-Unit Laundry | 2 Coin-Operated Laundry Facilities | Gas Forced Heat in all the Apartments, Central A/C at 1500 W Walton and Window A/C Units at 940 N Greenview | Tenants responsible for Gas (Heat & Cooking) and Electricity - LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters | Well-Maintained & Professionally Self-Managed throughout its ownership | View all 57 images (including Floor Plans) | Video tours and OM available upon request.
  1. Listed by Arnell Cordero • Fulton Grace Realty

Property Details for 1500 West Walton Street

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI

Location

Listing Courtesy of Fulton Grace Realty
Add your commute
LISTING UPDATED: 03/28/2024 11:20 AM

Property Details for 1500 West Walton Street

StatusActive
MLS #12003996
Days on Market65
Taxes$19,520 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1887
Lot Size0.07 AC / 3,072 SF
CountyCook County

Location

Listing Courtesy of Fulton Grace Realty
Add your commute

Building Information for 1500 West Walton Street

Stories-Residences10Year Built1887Building Size-Lot Size0.07 AC / 3,072 SF

Payment Calculator

$16,062 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,435

Property Taxes

$1,627

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1500 West Walton Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • # Of Washers: 5
  • Basement Description: Finished, Partially Finished, Storage Space
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Separate Per Unit
  • # Of Window/Ac: 5
  • # Of Refrigerators: 10
  • Washer/Dryer Lsd: No
  • Misc Inside: Skylight/s,Laundry Room
  • # Of Dryers: 5
  • # Of Dishwashers: 5
  • Num of Baths: 14.0
Exterior Features
  • Building Unit Info: Storage/Locker Area
  • Misc Outside: Fire Escape
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site, Cable Available
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 3072
  • Lot Size Square Feet: 3072.0
  • Stories: 3
  • Exterior Building Type: Vinyl Siding, Brick, Frame
  • Construction: Brick, Concrete, Wood Frame, Other
  • Roof Type: Composition
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 7986
  • Lot Size Source: County Records
  • # Of Ranges: 10
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash
  • Documents Available: Rent Roll,Floor Plan
  • Public Document Count: 3
  • Document Date: 2024-03-15T02:11:03
  • Photos Count: 57
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
  • Location: Corner,Public Transport Avail,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $675.00
  • Fuel Expense: $.00
  • Gross Income: $233,460.00
  • Gross Scheduled Income: $223,460.00
  • Insurance Expense: $5,115.00
  • Maintenance Expense: $17,534.00
  • Electric Expense Source: Combination
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2024
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 19455
  • Water Expense Source: Broker Projection
  • Net Operating Income: $176,257.00
  • Operating Expense: $47,988.00
  • Other Expense: $.00
  • Trash Expense: $1,795.00
  • Water Sewer Expense: $2,564.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 5
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 1500 West Walton 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 1500 West Walton Street

Taxable ValueLand$18,432Additions$76,470Total$94,902
Tax Record2022$19,520 ($1,627 / month)
Home Facts
Baths5.5Total Finished SqFt2,408 SqFtAbove Grade Finished SqFt2,408 SqFtStories2Lot Size3,072 SqFtStyleMulti-Family Res (5+ Units)Year Built1890CountyCOOKAPN17-05-314-051

Schools near 1500 West Walton 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 - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Otis Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Rauner College Prep
Charter9 to 12

Noble St Chtr-Noble Campus
Charter9 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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Similar Homes

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1500 West Walton Street is a multi-family home for sale in Chicago, IL 60642. This property was listed for sale on March 14, 2024 by Fulton Grace Realty, it's currently listed at $2,645,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Otis Elementary School, Wells Community Academy High School and Rauner College Prep. 1500 West Walton Street is a 18-bed, 14-bath, multi-family home built in 1887.

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 Fulton Grace 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.