2513 West Walton Street
2513 West Walton Street
$725,000
7
3
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—
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Closed 4/10/23
Description
Classic Chicago Greystone located on a quaint tree-lined street in beautiful West Ukrainian Village, located near highly-desirable Smith Park. This building is a perfect fit for a turnkey investor or an owner-occupant with strong rental income to substantially offset the mortgage. A multitude of options exist to enhance the property to fit your daily lifestyle and/or short-term and long-term investment goals: (1) Leave this existing trophy property in its current use as a 2-flat with a separate basement...Classic Chicago Greystone located on a quaint tree-lined street in beautiful West Ukrainian Village, located near highly-desirable Smith Park. This building is a perfect fit for a turnkey investor or an owner-occupant with strong rental income to substantially offset the mortgage. A multitude of options exist to enhance the property to fit your daily lifestyle and/or short-term and long-term investment goals: (1) Leave this existing trophy property in its current use as a 2-flat with a separate basement unit for maximum income. (2) Add back a single wall to make the first floor a 3 bed/ 1 bath, again, for maximum income potential. (3) Easily and inexpensively duplex down the main level to the basement for an incredible owner's unit and/or highly-desirable rental for maximum income. (4) Potentially convert to a single family down the road. A long-term, family-owned building with pride of ownership. Forced A/C and heat throughout, 9 ft ceilings, oak hardwood flooring, recessed lighting, solid wood cabinets, SS appliances, granite counters, enclosed rear porches, a sunny and spacious brick-paved patio for a daily oasis or entertaining, and a 2 car garage top off this highly sought-after piece of Chicago history with incredible curb appeal. The entire building, roof, concrete, masonry and windows have all been well-maintained along with updated plumbing, electric, and mechanicals. Gross rental income is estimated at market rates (currently owner-occupied) at $65,400/yr - approximately a 6.25% CAP rate after tax exemptions are removed. Current tax exemptions include a homeowner exemption, senior exemption, and senior freeze. A truly smart and stable investment that serves many objectives in booming West Town!
Property Details for 2513 West Walton Street
Area
CHI - West Town
TownshipWest Chicago
OwnershipFee Simple
Num Of Garage Spaces2.5
Num Of Cars2.5
Parking Included in PriceYes
Heat/FuelNatural Gas, Forced Air
Architectural StyleGreystone
Location
LISTING UPDATED: 04/10/2023 01:56 PM
Property Details for 2513 West Walton Street
Status | Closed |
---|---|
MLS # | 11687816 |
Days on Market | 117 |
Taxes | $4,276 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1905 |
Lot Size | 0.07 AC / 3,000 SF |
County | Cook County |
Location
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Building Information for 2513 West Walton Street
Stories-Residences2Year Built1905Building Size-Lot Size0.07 AC / 3,000 SF
Payment Calculator
$4,313 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2513 West Walton Street
Property History for 2513 West Walton Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2513 West Walton Street
Taxable ValueLand$14,062Additions$43,937Total$57,999
Tax Record2022$4,492 ($374 / month)
Home Facts
Baths2Total Finished SqFt2,336 SqFtAbove Grade Finished SqFt2,336 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-01-422-018
Schools near 2513 West Walton Street
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Chopin Elementary School PublicPK to 8 | ||
Clemente Community Academy High School Public9 to 12 | ||
Acero Chtr - Esmera Santiago Cmps CharterK to 8 | ||
Chicago High School For The Arts 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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