3115 North Davlin Court

Chicago, IL 60618

$950,000
Price
9
Beds
4
Baths
2,880 Sq. Ft.
$330 / Sq. Ft.
2,880
Sq. Ft.
$330
per Sq. Ft.

Description

Assumable va mortage at 2.75%! VA Mortgages do not have PMI and non-veterans can assume them! Extremely rare opportunity to purchase an updated brick 4 unit on an oversized lot in Avondale with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the other three. The building consists of (3) 2 bed 1 bath above grade units, and a 4th non-conforming garden unit with...Assumable va mortage at 2.75%! VA Mortgages do not have PMI and non-veterans can assume them! Extremely rare opportunity to purchase an updated brick 4 unit on an oversized lot in Avondale with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the other three. The building consists of (3) 2 bed 1 bath above grade units, and a 4th non-conforming garden unit with 3 beds 1 bath. Hardly anything to do as all units have many updates! Property has newer silver coat on roof, newer vinyl windows, 2 units with furnaces and central AC, coin laundry, sump pump, mostly copper water lines, 5 storage units, and 2 car garage with newer motor. Unit 2 just finished a gut rehab. Current tenants are month to month and far under market rate. Amazing location that is walking distance to Milwaukee Ave with nearby coffee shops, Restaurants, and Avondale bowl. We may never see 2.75% interest rates ever again! Don't miss this exceptionally rare opportunity. Owner occupancy required for assumption.
  1. Listed by Jason Wagner • Greystone Realty

Property Details for 3115 North Davlin Court

Area
CHI - Avondale
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Forced Air, Radiant

Location

Listing Courtesy of Greystone Realty
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LISTING UPDATED: 04/25/2024 02:01 PM

Property Details for 3115 North Davlin Court

StatusContingent
MLS #12006590
Days on Market39
Taxes$5,902 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1914
Lot Size0.10 AC / 4,140 SF
CountyCook County

Location

Listing Courtesy of Greystone Realty
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Virtual Tour

Building Information for 3115 North Davlin Court

Stories-Residences3Year Built1914Building Size-Lot Size0.10 AC / 4,140 SF

Payment Calculator

$5,676 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3115 North Davlin Court

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30X138
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber, Flat
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 3115
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3920
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2024-03-18T02:43:36
  • Photos Count: 34
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $1,068.00
  • Fuel Expense: $1,380.00
  • Gross Income: $49,788.00
  • Insurance Expense: $2,580.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $32,235.00
  • Water Sewer Expense: $1,644.00
Unit 1
  • Unit Type Actual Rent: $1,799.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 04/25
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: NONE
Unit 3
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: M/M

Property History for 3115 North Davlin Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3115 North Davlin Court

Taxable ValueLand$14,704Additions$33,300Total$48,004
Tax Record2022$5,902 ($492 / month)
Home Facts
Baths3Total Finished SqFt2,886 SqFtAbove Grade Finished SqFt2,886 SqFtStories2Lot Size4,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1916CountyCOOKAPN13-26-108-019

Schools near 3115 North Davlin Court

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

Schurz High School
Public9 to 12

ASPIRA Charter - Early College Pr
Charter9 to 12

Antonia Pantoja High School
Charter9 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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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 Greystone 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.