1541 West Barry Avenue

Chicago, IL 60657

$775,000
Last Sold Price
7
Beds
3
Baths
0 Sq. Ft.
/ Sq. Ft.
0
Sq. Ft.
per Sq. Ft.

Description

ARM-CHAIR INVESTORS: 1541 W. Barry is a 3-unit apartment building on one of the most desirable intersections in Lakeview. Collect rent on day one with this rock solid investment with high quality tenants on solid leases. Gross income is 68,820/yr and operates at a 6% cap rate. Well managed, this property has limited deferred maintenance and should be hassle-free.ARM-CHAIR INVESTORS: 1541 W. Barry is a 3-unit apartment building on one of the most desirable intersections in Lakeview. Collect rent on day one with this rock solid investment with high quality tenants on solid leases. Gross income is 68,820/yr and operates at a 6% cap rate. Well managed, this property has limited deferred maintenance and should be hassle-free.

Listing Agent

  1. Ben Lalez

    Ben Lalez

    Listing Agent

    Compass

    ben.lalez@compass.com

    P: 312.789.4054

Property Details for 1541 West Barry Avenue

Area
CHI - Lake View
Township
Lake View
Ownership
Fee Simple
Num Of Parking Spaces
6.0
Num Of Cars
6.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Hot Water/Steam
Zoning
MULTI

Location

Sold By @properties

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LISTING UPDATED: 05/05/2021 08:48 AM

Property Details for 1541 West Barry Avenue

StatusClosed
MLS #10627133
Days on Market87
Taxes$12,725 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built-
Lot Size0.09 AC / 3,720 SF
CountyCook County

Building

1541 W Barry Ave

3 Units3 Stories

Location

Sold By @properties

Add your commute

Building Information for 1541 West Barry Avenue

Stories3Residences3Year Built-Building Size0' x 0'Building Sq. Ft0 SFLot Size0.09 AC / 3,720 SF

Payment Calculator

$5,290 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,229

Property Taxes

$1,060

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1541 West Barry Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Burley Elementary School
  • Jr High Middle School: Burley Elementary School
  • High School District: 299
  • High School: Lake View High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 7
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Den, Foyer
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 30X124
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick, Frame
  • Roof Type: Asphalt
  • Foundation Details: Brick/Mortar
  • General Information: School Bus Service,Commuter Bus
  • North Coordinate: 3000
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1541
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2020-02-04T16:51:00
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Income & Expenses
  • Electric Expense: $238.00
  • Fuel Expense: $2,430.00
  • Insurance Expense: $2,223.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry
  • Water Expense Source: Actual
  • Water Sewer Expense: $1,720.00
Unit 1
  • Unit Type Actual Rent: $1,570.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: G
  • # Of Rooms - Unit 1: 4
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Hardwood Floors
  • Sec Deposit $ - Unit 1: 1570
  • Tenant Pays - Unit 1: Electric
Unit 2
  • Unit Type Actual Rent: $1,950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 1
  • # Of Rooms - Unit 2: 7
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 2: 05-31-2023
  • Sec Deposit $ - Unit 2: 1950
  • Tenant Pays - Unit 2: Electric
Unit 3
  • Unit Type Actual Rent: $2,215.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 2
  • # Of Rooms - Unit 3: 8
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 3: 07-31-2023
  • Sec Deposit $ - Unit 3: 2215
  • Tenant Pays - Unit 3: Electric

Property History for 1541 West Barry 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 1541 West Barry Avenue

Taxable ValueLand$55,800Additions$36,200Total$92,000
Tax Record2022$18,219 ($1,518 / month)
Home Facts
Baths3Total Finished SqFt2,795 SqFtAbove Grade Finished SqFt2,795 SqFtStories2Lot Size3,720 SqFtStyleMulti-Family Res (5+ Units)Year Built1880CountyCOOKAPN14-29-108-010

Schools near 1541 West Barry Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Burley Elementary School
PublicK to 8

Lake View High School
Public9 to 12

Alcott College Prep
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.

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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.

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.