2227 North Clybourn Avenue

Chicago, IL 60614

$825,000
Last Sold Price
7
Beds
4
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Location, Location, Location! Rare opportunity to acquire a legal 4-unit building under a million dollars in Lincoln Park. Easy to rent, strong cash flow building with a high walkability score. Current zoning allows for commercial use and is a great option for an owner operator. Building features a three unit building with additional updated coach house. Front building consists of three units; 1 bedroom garden, 2 bedroom simplex and huge one bedroom + den duplex up with in-unit laundry. Coach house...Location, Location, Location! Rare opportunity to acquire a legal 4-unit building under a million dollars in Lincoln Park. Easy to rent, strong cash flow building with a high walkability score. Current zoning allows for commercial use and is a great option for an owner operator. Building features a three unit building with additional updated coach house. Front building consists of three units; 1 bedroom garden, 2 bedroom simplex and huge one bedroom + den duplex up with in-unit laundry. Coach house was recently updated and features three bedrooms (previously used for Airbnb). Central air & heat, shared yard, coin laundry, easy street parking. Steps to Webster Place retail, Clybourn Corridor, restaurants, shops & grocery stores. A few blocks to DePaul University. Easy access to CTA bus, Metra & 90/94 expressway. Property sits on boundary of massive Lincoln Yards development. Great buy & hold.
  1. Listed by Christopher Mundy • @properties
  2. Listed by Christopher Norton • @properties

Sold By Compass

Property Details for 2227 North Clybourn Avenue

Area
CHI - Lincoln Park
Township
North Chicago
Ownership
Fee Simple
Num Of Cars
0.0
Parking Included in Price
No
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Traditional
Zoning
MULTI

Location

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LISTING UPDATED: 07/17/2021 05:22 AM

Property Details for 2227 North Clybourn Avenue

StatusClosed
MLS #11062043
Days on Market84
Taxes$20,988 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built-
Lot Size0.07 AC / 3,000 SF
CountyCook County

Location

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Building Information for 2227 North Clybourn Avenue

Stories-Residences4Year Built-Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$6,251 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$1,749

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2227 North Clybourn Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary 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: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 22
  • Bedrooms (Below Grade): 0
  • Basement Type: English
  • Bedrooms Possible: 7
  • Basement Description: Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 2
  • Num of Baths: 4.2
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • Exterior Property Features: Balcony, Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3000
  • Total # Units in Building: 4.0
  • Other Structures: None
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding, Frame
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: Commuter Bus
  • North Coordinate: 2227
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1450
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2021-05-11T20:36:24
  • Photos Count: 29
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 04-22-2021
Multi Family
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $600.00
  • Insurance Expense: $3,425.00
  • Maintenance Expense: $1,200.00
  • Electric Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Actual
  • Repairs-Decor Expense Source: Combination
  • Water Expense Source: Actual
  • Net Operating Income: $50,164.00
  • Professional Management Expense: $400.00
  • Water Sewer Expense: $948.00
Unit 1
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: G
  • # Of Rooms - Unit 1: 3
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Dishwasher
  • Lease Exp Date (Mo/Yr) - Unit 1: 10-20-2024
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: Electric, Gas, Other
Unit 2
  • Unit Type Actual Rent: $1,515.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 1
  • # Of Rooms - Unit 2: 5
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 2: 05-22-2024
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: Electric, Gas, Other
Unit 3
  • Unit Type Actual Rent: $1,900.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 2
  • # Of Rooms - Unit 3: 8
  • # Half Baths-Unit 3: 1
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator, Washer, Dryer, Dishwasher
  • Lease Exp Date (Mo/Yr) - Unit 3: 03-22-2024
  • Sec Deposit $ - Unit 3: 0
  • Tenant Pays - Unit 3: Electric, Gas, Other
Unit 4
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Floor # - Unit 4: C
  • # Of Rooms - Unit 4: 6
  • # Half Baths-Unit 4: 1
  • # Full Baths-Unit 4: 1
  • Appliances/Features Unit 4: Stove, Refrigerator, Dishwasher
  • Lease Exp Date (Mo/Yr) - Unit 4: 05-22-2024
  • Sec Deposit $ - Unit 4: 0
  • Tenant Pays - Unit 4: Electric, Gas, Other

Property History for 2227 North Clybourn 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 2227 North Clybourn Avenue

Taxable ValueLand$37,500Additions$45,000Total$82,500
Tax Record2022$16,265 ($1,355 / month)
Home Facts
Baths2.5Total Finished SqFt1,450 SqFtAbove Grade Finished SqFt1,450 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1878CountyCOOKAPN14-32-108-047

Schools near 2227 North Clybourn Avenue

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
Charter - K to 8
Rating
School
Distance
Mayer Elementary School
PublicPK to 8

Lincoln Park High School
Public9 to 12

Drummond Elementary School
PublicPK to 8

CICS Bucktown
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.

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 @properties

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 07/17/2021 05:22 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.