1508 West Addison Street

Chicago, IL 60613

$2,059,000
Last Sold Price
11
Beds
8
Baths
0 Sq. Ft.
/ Sq. Ft.
0
Sq. Ft.
per Sq. Ft.

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

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

Location

Add your commute
LISTING UPDATED: 05/05/2021 10:28 AM

Property Details for 1508 West Addison Street

StatusClosed
MLS #10964492
Days on Market65
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

Building

Location

Add your commute

Building Information for 1508 West Addison Street

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

Payment Calculator

$11,912 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,237

Property Taxes

$675

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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 (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: 05-21-2024
  • 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: 05-21-2024
  • 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: 05-21-2024
  • 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: 08-21-2024
  • Sec Deposit $ - Unit 4: 0
  • Tenant Pays - Unit 4: Electric, Gas, Heat, Other

Property History for 1508 West Addison 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 1508 West Addison Street

Taxable ValueLand$56,250Additions$92,500Total$148,750
Tax Record2022$30,595 ($2,550 / 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 City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Blaine Elementary School
PublicPK to 8

Lake View High School
Public9 to 12

Inter-American 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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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 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. 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.