2736 North Lockwood Avenue

Chicago, IL 60639

$1,100,000
Last Sold Price
13
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Large corner L shape 9 Units Building in rapidly appreciating Belmont Cragin. All 9 above the ground 1st and 2nd floor units are All 1 Bedroom Apartments. 2 additional Garden units in the basement have 2 Bedroom each (currently vacant). Each apartment unit has its individual furnace as seen on photo. Whole Building has 10 separate gas meters and 11 separate electric boxes as seen on photo. Based on info from the owner: Roof was done in 2017 and well maintained. Water tank newer (2014). 3 car garage...Large corner L shape 9 Units Building in rapidly appreciating Belmont Cragin. All 9 above the ground 1st and 2nd floor units are All 1 Bedroom Apartments. 2 additional Garden units in the basement have 2 Bedroom each (currently vacant). Each apartment unit has its individual furnace as seen on photo. Whole Building has 10 separate gas meters and 11 separate electric boxes as seen on photo. Based on info from the owner: Roof was done in 2017 and well maintained. Water tank newer (2014). 3 car garage can yield extra income. Current rents are lower than regular market rents for the area (minimum rents for the area are actually $ 850 and can be easily rented as 2738 Lockwood #1 recently got rented for $ 850) due to stable long term tenants but with potential to be raised. Great and rare income producing investment property.
  1. Listed by Jacek Piktel • Dream Town Realty

Sold By Compass

Property Details for 2736 North Lockwood Avenue

Area
CHI - Belmont Cragin
Township
Jefferson
Num Of Parking Spaces
3.0
Zoning
MULTI

Location

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LISTING UPDATED: 05/05/2021 09:26 AM

Property Details for 2736 North Lockwood Avenue

StatusClosed
MLS #10735792
Days on Market159
Taxes$12,091 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1931
Lot Size0.17 AC / 7,500 SF
CountyCook County

Location

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Building Information for 2736 North Lockwood Avenue

Stories-Residences9Year Built1931Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$7,011 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,008

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2736 North Lockwood Avenue

General Information
Addtl Parking Information
  • Indoor Parking: Detached
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,Short Notice OK,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • # Of Washers: 2
  • Basement Description: Finished, Exterior Access
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Refrigerators: 9
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 2
  • Num of Baths: 0.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 60 X 125
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • # Of Ranges: 9
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 24
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
  • Location: Corner
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $736.00
  • Fuel Expense: $1,934.00
  • Gross Income: $90,620.00
  • Gross Scheduled Income: $96,618.00
  • Insurance Expense: $4,810.00
  • Maintenance Expense: $780.00
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2018
  • Repairs-Decor Expense Source: Owner Projection
  • Total Monthly Income: 8042
  • Water Expense Source: Actual
  • Net Operating Income: $72,236.00
  • Operating Expense: $24,482.00
  • Other Expense: $230.00
  • Trash Expense: $2,068.00
  • Water Sewer Expense: $2,556.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
  • # Of Rooms - Unit 1: 4
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 700
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 2: 5
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 830
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
  • # Of Rooms - Unit 3: 4
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 850
  • Monthly Income Max - 3: 850
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 2
  • # Of Rooms - Unit 4: 5
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 0
  • Monthly Income Max - 4: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 2736 North Lockwood 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 2736 North Lockwood Avenue

Taxable ValueLand$13,692Additions$46,492Total$60,184
Tax Record2019$12,092 ($1,008 / month)
Home Facts
Stories2Lot Size7,607 SqFtStyleMulti-Family Res (5+ Units)Year Built1931CountyCOOKAPN13-28-302-041

Schools near 2736 North Lockwood Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 8
Rating
School
Distance
Schubert Elementary School
PublicPK to 5

Northwest Middle School
Public6 to 8

Foreman High School
Public9 to 12

CHRISTOPHER HOUSE CHRT ES
CharterPK 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.

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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 Dream Town Realty

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.