3251 West Berteau Avenue

Chicago, IL 60618

$525,000
Last Sold Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

SOLD BEFORE PRINT. Gut renovated, fully stabilized 3-flat on a quiet, tree lined street in Irving Park! Sitting on a massive 37x125 lot, this gorgeous frame building was completely overhauled in 2016 down to the studs. Ideal unit mix consists of one (1) large studio/1 bath apartment, one (1) 2 bed+den/1 bath simplex apartment & one (1) 3 bed+den/2 bath duplex-up apartment. All leases intentionally set to expire during the Summer 2022 leasing cycle. Each unit features 42" shaker style cabinets, granite...SOLD BEFORE PRINT. Gut renovated, fully stabilized 3-flat on a quiet, tree lined street in Irving Park! Sitting on a massive 37x125 lot, this gorgeous frame building was completely overhauled in 2016 down to the studs. Ideal unit mix consists of one (1) large studio/1 bath apartment, one (1) 2 bed+den/1 bath simplex apartment & one (1) 3 bed+den/2 bath duplex-up apartment. All leases intentionally set to expire during the Summer 2022 leasing cycle. Each unit features 42" shaker style cabinets, granite countertops, Frigidaire stainless steel appliances and dishwashers in the remodeled kitchens. All bathrooms have modern floating vanities, ceramic tile floors and shower/tub surrounds plus new fixtures. Updated electric, plumbing and HVACs. Dark oak hardwood flooring in the main living areas of the middle and top floor units, and carpet in the studio apartment. In-unit laundry in the top floor unit, and a common laundry room in the basement for the middle and lower level units. Gas forced air and central A/C. Detached 3 car garage and a well manicured backyard perfect for the tenants to enjoy in the summertime. Additional storage area accompanies the middle and top floor apartments. With $54,300 in gross rental income annually, the property is running at a 7.2% CAP rate with a 12.6% cash-on-cash return plus upside. Perfect for both the armchair and owner occupier investor.

Listing Agent

  1. Jake Steinle

    Jake Steinle

    Listing Agent

    Compass

Property Details for 3251 West Berteau Avenue

Area
CHI - Irving Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Cars
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

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LISTING UPDATED: 12/23/2021 10:00 AM

Property Details for 3251 West Berteau Avenue

StatusClosed
MLS #11226337
Days on Market75
Taxes$10,350 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1917
Lot Size0.10 AC / 4,356 SF
CountyCook County

Location

Sold By d'aprile properties

Add your commute

Building Information for 3251 West Berteau Avenue

Stories-Residences3Year Built1917Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$3,728 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$863

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3251 West Berteau Avenue

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: 12
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Gated, Sidewalks, Street Lights
  • Basement Type: English
  • Bedrooms Possible: 6
  • Basement Description: Partially Finished, Exterior Access
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Utility Room-Lower Level
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Fenced Yard
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 37 X 125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding, Frame
  • General Information: None
  • North Coordinate: 4100
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3251
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 21
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 09-22-2021
Multi Family
Income & Expenses
  • Gross Income: $54,300.00
  • Net Operating Income: $37,710.00
  • Other Expenses $: 0
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3

Property History for 3251 West Berteau 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 3251 West Berteau Avenue

Taxable ValueLand$23,435Additions$28,565Total$52,000
Tax Record2022$10,733 ($894 / month)
Home Facts
Baths3Total Finished SqFt2,747 SqFtAbove Grade Finished SqFt2,747 SqFtStories2Lot Size4,687 SqFtStyleMulti-Family Res (5+ Units)Year Built1919CountyCOOKAPN13-14-421-003

Schools near 3251 West Berteau 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
Bateman Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

North River Elementary School
PublicPK to 8

CICS Irving Park
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.

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.