2513 West Walton Street

Chicago, IL 60622

$725,000
Last Sold Price
7
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!

Listing Agent

  1. John Federici

    John Federici

    Listing Agent

    Compass

Sold By Compass

Property Details for 2513 West Walton Street

Area
CHI - West Town
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.5
Num Of Cars
2.5
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Greystone

Location

Add your commute
LISTING UPDATED: 04/10/2023 01:56 PM

Property Details for 2513 West Walton Street

StatusClosed
MLS #11687816
Days on Market117
Taxes$4,276 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1905
Lot Size0.07 AC / 3,000 SF
CountyCook County

Location

Add your commute

Virtual Tour

Building Information for 2513 West Walton Street

Stories-Residences2Year Built1905Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$4,313 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$356

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2513 West Walton Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights
  • Basement Type: Full, English
  • Bedrooms Possible: 7
  • Basement Description: Finished, Rec/Family Area, Storage Space
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Kitchen, Utility Room-Lower Level
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: CO Detectors, Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Porch, Porch Screened, Brick Paver Patio, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2013
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Fenced Yard
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 24 X 125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick, Stone
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: Commuter Bus
  • North Coordinate: 900
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2513
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2022-12-23T01:13:07
  • Photos Count: 65
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $65,400.00
  • Insurance Expense: $2,510.00
  • Insurance Expense Source: Actual
  • Other Expense Source: Broker Projection
  • Water Expense Source: Broker Projection
  • Water Sewer Expense: $1,750.00
  • Other Expenses $: 2000
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: OWNER
Unit 2
  • Unit Type Actual Rent: $2,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: OWNER

Property History for 2513 West Walton 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 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.

Neighborhood Map and Transit

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. Based on information submitted to the MLS GRID as of 04/10/2023 01:56 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.