538 North Leavitt Street

Chicago, IL 60612

$830,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is the needle in the haystack opportunity you have been waiting for! This incredible West Town two flat with owner's unit checks every box and more with extensive interior and exterior upgrades and brand new designer finishes throughout! Current owners live on the upper level 2-bed, 1-bath plus den and AirBnB the main level 2-bed, 1-bath plus den from July-Jan grossing $24K! The list of exterior upgrades and updates never ends, with highlights including: new custom designer European tilt windows...This is the needle in the haystack opportunity you have been waiting for! This incredible West Town two flat with owner's unit checks every box and more with extensive interior and exterior upgrades and brand new designer finishes throughout! Current owners live on the upper level 2-bed, 1-bath plus den and AirBnB the main level 2-bed, 1-bath plus den from July-Jan grossing $24K! The list of exterior upgrades and updates never ends, with highlights including: new custom designer European tilt windows in 2020, new roof layer in 2020 with 10-year warranty, full exterior tuck pointing in 2021, brand new siding including garage, rebuilt decks in 2021, and so much more (ask for a full list!). Plus, both units include a sizable back deck for grilling and hanging out! Inside you will be wow'ed by the recently updated owner's unit featuring a brand new kitchen, bathroom with floating vanity and new office addition. The exposed brick walls, hardwood floors, shiplap accents and designer lighting are all icing on the cake! Also enjoy the added bonus of 2 new hot water heaters and new HVAC. Downstairs, renters will love all of the thoughtful new finishes including the new kitchen with white shaker-style cabinets, white subway tile backsplash and new Whirlpool appliances; new office addition; and new bathroom with designer tile. The remodeled 1-bed, 1-bath basement is another added bonus with the potential to collect additional rent - everyone will love the 2 large living spaces! All of that in an amazing West Town location close to Mariano's, Chicago Ave. shops and restaurants, Smith Park and Mitchell Elementary School. 2-car detached garage included. Current cap rate of 6.6% and potential to be even stronger!

Listing Agents

  1. Julie Busby

    Julie Busby

    Listing Agent

    Compass

  2. Susan Panozzo

    Susan Panozzo

    Alternative Listing Agent

    Compass

Sold By Welcome Realty

Property Details for 538 North Leavitt Street

Area
CHI - West Town
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air

Location

Add your commute
LISTING UPDATED: 03/27/2022 03:04 AM

Property Details for 538 North Leavitt Street

StatusClosed
MLS #11311788
Days on Market51
Taxes$10,496 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1886
Lot Size0.06 AC / 2,665 SF
CountyCook County

Location

Add your commute

Building Information for 538 North Leavitt Street

Stories-Residences2Year Built1886Building Size-Lot Size0.06 AC / 2,665 SF

Payment Calculator

$5,404 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,530

Property Taxes

$875

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 538 North Leavitt Street

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Mitchell Elementary School
  • Jr High Middle School: Mitchell Elementary School
  • High School District: 299
  • High School: Wells Community Academy Senior H
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 17
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Paved
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 5
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Den
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Balcony, Deck, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2021
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X106.6
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 538
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2200
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2022-01-26T20:11:16
  • Photos Count: 34
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $78,300.00
  • Net Operating Income: $65,069.00
Unit 1
  • Unit Type Actual Rent: $3,475.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: NA

Property History for 538 North Leavitt 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 538 North Leavitt Street

Taxable ValueLand$16,050Additions$42,950Total$59,000
Tax Record2022$12,135 ($1,011 / month)
Home Facts
Baths2Total Finished SqFt1,932 SqFtAbove Grade Finished SqFt1,932 SqFtStories2Lot Size2,675 SqFtStyleMulti-Family Res (5+ Units)Year Built1889CountyCOOKAPN17-07-119-003

Schools near 538 North Leavitt Street

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
Mitchell Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Acero Chtr - Esmera Santiago Cmps
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.