1527 North Claremont Avenue

Chicago, IL 60622

$1,515,000
Price
10
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare opportunity to own a legal four unit investment property / AirBnB rental in one of the hottest areas in Wicker Park/Bucktown! All units have been recently renovated with condo quality finishes including tall ceilings, floors, painting, lighting, kitchens, bathrooms and appliances. Building renovations include newer silver coated roof (2016), central heating / air conditioning in all units, and newly installed fence / gateway. The front building features two 3 bedroom / 1 bathroom units with...Rare opportunity to own a legal four unit investment property / AirBnB rental in one of the hottest areas in Wicker Park/Bucktown! All units have been recently renovated with condo quality finishes including tall ceilings, floors, painting, lighting, kitchens, bathrooms and appliances. Building renovations include newer silver coated roof (2016), central heating / air conditioning in all units, and newly installed fence / gateway. The front building features two 3 bedroom / 1 bathroom units with in unit washer / dryer in #1F, the other three units use the communal coin laundry in the basement of the rear building (additional income to the owner). The legal coach house features two 2 bedroom / 1 bathroom units with walkout deck. The building includes a large, shared backyard patio and the neighborhood offers plenty of parking. Ideal location just 2 blocks from Six Corners of WP, blue line, expressway, Milwaukee bus and walking distance to Division Street's best restaurants and bars. Don't miss out on this incredible opportunity to own a turn-key investment property in the heart of Wicker Park!

Listing Agents

  1. Tim Lorimer

    Tim Lorimer

    Listing Agent

    Compass

  2. Michael Mandile

    Michael Mandile

    Alternative Listing Agent

    Compass

Property Details for 1527 North Claremont Avenue

Area
CHI - West Town
Township
West Chicago
Ownership
Fee Simple
Num Of Cars
0.0
Heat/Fuel
Natural Gas, Indv Controls
Zoning
MULTI

Location

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LISTING UPDATED: 08/23/2023 01:43 PM

Property Details for 1527 North Claremont Avenue

StatusActive
MLS #11786248
Days on Market430
Taxes$24,455 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1890
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

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Virtual Tour

Building Information for 1527 North Claremont Avenue

Stories-Residences4Year Built1890Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$10,306 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,268

Property Taxes

$2,038

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1527 North Claremont Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 10
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2013
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 1527
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2350
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2023-05-18T15:22:41
  • Photos Count: 28
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $360.00
  • Fuel Expense: $1,200.00
  • Gross Income: $117,600.00
  • Insurance Expense: $5,200.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Addl Income: Coin Laundry
  • Trash Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Net Operating Income: $83,885.00
  • Professional Management Expense: $800.00
  • Trash Expense: $750.00
  • Water Sewer Expense: $750.00
Unit 1
  • Unit Type Actual Rent: $2,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $2,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4

Property History for 1527 North Claremont 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 1527 North Claremont Avenue

Taxable ValueLand$27,000Additions$94,614Total$121,614
Tax Record2021$24,455 ($2,038 / month)
Home Facts
Baths2Total Finished SqFt1,692 SqFtAbove Grade Finished SqFt1,692 SqFtStories2Lot Size3,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN17-06-101-018

Schools near 1527 North Claremont Avenue

This home is within City Of Chicago School District 299.
RatingSchoolTypeGradesDistance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Charter - K to 8
RatingSchoolDistance
De Diego Elementary Community Academy
PublicPK to 8

Clemente Community Academy High School
Public9 to 12

Sabin Elementary Magnet School
PublicPK to 8

Erie Elementary Charter School
CharterK 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.

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1527 North Claremont Avenue is a multi-family home for sale in Chicago, IL 60622. This property was listed for sale on May 18, 2023 by Compass, it's currently listed at $1,515,000. It has been on the market for a total of 430 days and was last sold on June 14, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include De Diego Elementary Community Academy, Clemente Community Academy High School and Sabin Elementary Magnet School. 1527 North Claremont Avenue is a 10-bed, 4-bath, multi-family home built in 1890.

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.

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.