2016 North Bissell Street

Chicago, IL 60614

$1,675,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$148,200 in yearly income from this absolutely turnkey legal 4-unit building in an unbeatable lincoln park location! Sitting on a rarely available 53-foot wide lot with 7-car parking this property has been lovingly cared for by its live-in owner of over 20 years and has no deferred maintenance. It's truly turnkey with recent improvements including all new HVAC systems with Nest thermostats (2020/21), modern copper and PVC plumbing, modern electric, new roof (2019), 4-pane sound proof aluminum windows,...$148,200 in yearly income from this absolutely turnkey legal 4-unit building in an unbeatable lincoln park location! Sitting on a rarely available 53-foot wide lot with 7-car parking this property has been lovingly cared for by its live-in owner of over 20 years and has no deferred maintenance. It's truly turnkey with recent improvements including all new HVAC systems with Nest thermostats (2020/21), modern copper and PVC plumbing, modern electric, new roof (2019), 4-pane sound proof aluminum windows, new solar powered, remote controlled Velux skylights, 42" solid cherry wood kitchen cabinetry, quartz countertops, in-unit laundry and dishwashers in all 4 apartments. All units are individually metered (all tenants pay their own utilities) and all have unobstructed south light and open views. Rents are below market value and could be higher as well. Current owner has never had a vacancy in 22 years of ownership. On-site parking for 7+ cars on adjacent (buildable) 33 by 75 ft lot (included in the price). Located on a quiet tree-lined street with multi-million dollar homes, this property offers an unparalleled A+ location between two of Lincoln Park's most sought after neighborhoods, Sheffield Neighbors and Ranch Triangle. It's also in the highly desirable Oscar Mayer School/Lincoln Park High School District with easy access to downtown, the lakefront and expressways. A plethora of world class shopping and restaurants are right outside its door with easy access to the Brown and Purple Lines at the Armitage "L" stop and just 4 blocks to access the Red Line at Fullerton Station. It is also close to DePaul University and Oz Park with its 13 acres of green space, outdoor amphitheater, tennis courts, baseball field, meditation garden and community playground. This is the perfect opportunity for the owner-occupied buyer or investor looking to invest and hold in one of Chicago's fastest appreciating neighborhoods.

Property Details for 2016 North Bissell Street

Area
CHI - Lincoln Park
Township
Lake View
Ownership
Fee Simple
Num Of Parking Spaces
7.0
Num Of Cars
7.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Greystone

Location

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LISTING UPDATED: 08/25/2022 01:09 PM

Property Details for 2016 North Bissell Street

StatusClosed
MLS #11430717
Days on Market77
Taxes$28,546 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1883
Lot Size53.00 AC / 2,308,680 SF
CountyCook County

Location

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Building Information for 2016 North Bissell Street

Stories-Residences4Year Built1883Building Size-Lot Size53.00 AC / 2,308,680 SF

Payment Calculator

$11,520 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

$2,379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2016 North Bissell Street

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Oscar Mayer Elementary School
  • Jr High Middle School: Oscar Mayer Elementary School
  • High School District: 299
  • High School: Lincoln Park High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 26
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Partially Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • Exterior Property Features: Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Outdoor Lighting, Sidewalks, Streetlights
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 53FT X 75FT
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick, Limestone
  • General Information: None
  • North Coordinate: 2016
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 830
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2022-06-22T22:21:54
  • Photos Count: 32
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Gross Income: $148,200.00
  • Manager Expense: $.00
  • Other Addl Income: Parking Space/s
  • Other Expense Source: Actual
  • Water Expense Source: Owner Projection
  • Trash Expense: $.00
  • Water Sewer Expense: $3,249.00
  • Other Expenses $: 1075
Unit 1
  • Unit Type Actual Rent: $3,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 08/23
Unit 2
  • Unit Type Actual Rent: $3,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/23
Unit 3
  • Unit Type Actual Rent: $3,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 08/22
Unit 4
  • Unit Type Actual Rent: $2,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 08/23

Property History for 2016 North Bissell 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 2016 North Bissell Street

Taxable ValueLand$49,687Additions$117,803Total$167,490
Tax Record2022$33,746 ($2,812 / month)
Home Facts
Baths5.5Total Finished SqFt5,389 SqFtAbove Grade Finished SqFt5,389 SqFtStories3Lot Size3,975 SqFtStyleMulti-Family Res (5+ Units)Year Built1881CountyCOOKAPN14-32-225-030Fireplace TypeHas Fireplace

Schools near 2016 North Bissell 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 - PK to 8
Public - K to 8
Rating
School
Distance
Mayer Elementary School
PublicPK to 8

Lincoln Park High School
Public9 to 12

Lasalle Elementary Language Academy
PublicK 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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Similar Sold 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 Baird & Warner

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 08/25/2022 01:09 PM. 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.