4418 North Wolcott Avenue

Chicago, IL 60640

$2,320,000
Last Sold Price
19
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

4414-4418 N. Wolcott. Rarely available multi-unit property in prime Ravenswood location. All unusually large apartments with formal living and dining rooms plus front sun rooms in 9 of the apartments. 4 one bedroom, 3 two bedroom and 3 three bedroom. Kitchens and baths updated in apartment grade finishes over the years when came vacant and if needed. Mostly all hardwood floors throughout. New roof on building and garages in 2019. New steam heating system installed 2018 Hot water tank 3-4 Years young....4414-4418 N. Wolcott. Rarely available multi-unit property in prime Ravenswood location. All unusually large apartments with formal living and dining rooms plus front sun rooms in 9 of the apartments. 4 one bedroom, 3 two bedroom and 3 three bedroom. Kitchens and baths updated in apartment grade finishes over the years when came vacant and if needed. Mostly all hardwood floors throughout. New roof on building and garages in 2019. New steam heating system installed 2018 Hot water tank 3-4 Years young. Rear porches have all been rebuilt and expanded giving every apartment a nice deck off the back of their unit overlooking the spacious green area of the large yard. Owner has maintained and managed this property for 50 years. Some long term tenants with room for rent increases. Fully rented gross income $189384. Net $155870. Cap rate 5.9.

Listing Agents

  1. Matthew Mika

    Matthew Mika

    Listing Agent

    Compass

    matt.mika@compass.com

    P: 773.406.1792

  2. Norbert Mika

    Norbert Mika

    Alternative Listing Agent

    Compass

Property Details for 4418 North Wolcott Avenue

Area
CHI - Lincoln Square
Township
Lake View
Num Of Parking Spaces
0.0
Num of Interior Fireplaces
0
Zoning
MULTI

Location

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LISTING UPDATED: 05/05/2021 10:15 AM

Property Details for 4418 North Wolcott Avenue

StatusClosed
MLS #10916649
Days on Market124
Taxes$12,513 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1918
Lot Size0.25 AC / 11,096 SF
CountyCook County

Location

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Building Information for 4418 North Wolcott Avenue

Stories-Residences10Year Built1918Building Size-Lot Size0.25 AC / 11,096 SF

Payment Calculator

$13,704 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,661

Property Taxes

$1,043

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4418 North Wolcott Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • # Of Washers: 2
  • Basement Description: Unfinished, Exterior Access
  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam
  • # Of Refrigerators: 10
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • Misc Outside: Balcony/ies,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 90 X 152
  • Lot Size Square Feet: 11096.0
  • Stories: 3
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Concrete, Stone
  • Roof Type: Membrane, Rubber
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Lot Size Source: County Records
  • # Of Ranges: 10
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional
  • Documents Available: Rent Roll,Leases-Copies,Tax Bill
  • Public Document Count: 0
  • Green Supporting Documents: N
  • Photos Count: 42
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
  • Location: Central Business District,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $468.00
  • Fuel Expense: $8,075.00
  • Gross Income: $15,782.00
  • Gross Scheduled Income: $189,384.00
  • Insurance Expense: $5,230.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2019
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2019
  • Trash Expense Source: Actual
  • Total Monthly Income: 15782
  • Water Expense Source: Actual
  • Net Operating Income: $159,526.00
  • Operating Expense: $29,858.00
  • Other Expense: $.00
  • Trash Expense: $984.00
  • Water Sewer Expense: $2,589.00
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: 950
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 2: 5
  • # Of Full Bthrms - Type 2: 2
  • Monthly Income - 2: 1585
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 3: 6
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 1510
  • Monthly Income Max - 3: 1905
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 4: 0
  • Monthly Income - 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 4418 North Wolcott 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 4418 North Wolcott Avenue

Taxable ValueLand$55,480Additions$105,773Total$161,253
Tax Record2022$33,167 ($2,764 / month)
Home Facts
Stories3Lot Size11,096 SqFtStyleMulti-Family Res (5+ Units)Year Built1918CountyCOOKAPN14-18-219-024

Schools near 4418 North Wolcott Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 10 to 12
Public - 9 to 12
Rating
School
Distance
McPherson Elementary School
PublicPK to 8

Amundsen High School
Public9 to 12

YCCS-Truman Middle College HS
Charter10 to 12

Uplift Community High School
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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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.