Eco Friendly
Address
1143 N Rockwell Street, Chicago, IL
Price
$ 1,999,995
Property Attributes
- MLS#11968091
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - West Town
- NeighborhoodUkrainian Village
- Zip60622
- StyleMulti-Family
- Year Built1893
- Taxes$ 15623
- Price$ 1,999,995
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,700 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Investor's Dream Opportunity in West Town Chicago! Welcome to an exceptional investment opportunity in the highly sought-after West Town Chicago neighborhood! This rarely available multi-unit property is the perfect choice for cash buyers seeking a solid investment to park their money and secure reliable returns. Property Highlights: Prime Location: Nestled in the heart of West Town, this all-brick building stands out as a gem in the real estate market. Income Generator: With a total of 9 units, this property is currently 100% leased, providing an immediate and steady stream of income for savvy investors. Zoning Advantage: Enjoy the benefits of C1-2 zoning on an extra-deep lot, allowing for versatile use and potential future development opportunities. Solid Structure: The enduring appeal of an all-brick construction ensures lasting value and low maintenance costs. Modern Upgrades: Benefit from newer windows that enhance energy efficiency and aesthetic appeal. Financial Snapshot: Stable Income: All 9 units are currently leased, ensuring a reliable and consistent rental income. Desirable Zoning: C1-2 zoning opens up various possibilities for maximizing returns, making this property an attractive investment choice. Low Vacancy Risk: The strong demand for rental units in the West Town area minimizes the risk of vacancies, contributing to a robust cash flow. Investment Potential: Strategic Frontage: Boasting approximately 29 ft x 175 ft frontage on Rockwell, the property offers a strategic location for visibility and accessibility. Separate Utilities: Individual meters for utilities provide convenience for both landlord and tenants, enhancing the property's appeal. Investor-Friendly Documentation: An Offering Memorandum is available to provide comprehensive insights into the investment potential and financial details. Why West Town? West Town is renowned for its vibrant community, excellent amenities, and proximity to the city's cultural and business hubs. The neighborhood's ongoing growth and development make it an ideal location for investors looking for long-term appreciation. Opportunity Awaits! Seize this rare opportunity to invest in a prime West Town Chicago multi-unit property. Whether you're a seasoned investor or looking to diversify your portfolio, this offering is sure to meet your criteria for a solid and lucrative investment. Available Offering Memorandum! Don't miss out on this chance to secure your financial future through a wise real estate investment.
| Price History | |
|---|---|
| 2/21/2024 | Listed $2,200,000 |
| 4/1/2024 | 10% - $1,999,995 |
General Features
| Cooling | None |
|---|---|
| Zoning | COMMR |
| Year Built | 1893 |
| Electric | Separate Meters |
| Tenant Pays | Electricity,Heat |
| Stories | 3 |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 165900 |
| County | Cook |
| Net Operating Income | 42311 |
| Insurance Expense | 8052 |
| Property Type | Commercial Sale |
| Possible Use | Commercial,Condominium,Multi-Family |
| Status | Active |
| Directions | ROCKWELL IS ONE WAY NORTH FROM AUGUSTA |
| City | Chicago |
| Total Units | 9 |
| MLS Area | CHI - West Town |
| Lot Size Square Feet | 4700 |
| Street Name | Rockwell |
| Tax Annual Amount | 15623 |
| Electric Expense | 6000 |
| Fuel Expense | 600 |
| Trash Expense | 1896 |
| Water Sewer Expense | 6540 |
| Additional Parcels Y/N | No |
| Days on Market | 47 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Lot Dimensions | 25X175 |
|---|---|
| Frontage Type | City Street |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60622
Price
Taxes
Visits
Year Built
