Views
Address
1500 W Walton Street, Chicago, IL
Price
$ 2,645,000
Property Attributes
- MLS#12003996
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - West Town
- NeighborhoodNoble Square
- Zip60642
- StyleMulti-Family
- Year Built1887
- Taxes$ 19520
- Price$ 2,645,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7986
- Lot Size0.070523 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
$233,460/year Gross Income | $185,472/year Net Income | 7.0% Cap Rate - Impressive for being 1.5 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1500 West Walton Street & 940 North Greenview Avenue | Nestled between the Wicker Park & River West Neighborhoods, these 2 Multi-Family Buildings in HOT WEST TOWN have a Total of 10 Units designed with (6) One Bedrooms & (4) Three Bedroom / 2 Bathroom Apartments | Unique & Money Making Floor Plans | 2 Apartments with In-Unit Laundry | 2 Coin-Operated Laundry Facilities | Gas Forced Heat in all the Apartments, Central A/C at 1500 W Walton and Window A/C Units at 940 N Greenview | Tenants responsible for Gas (Heat & Cooking) and Electricity - LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters | Well-Maintained & Professionally Self-Managed throughout its ownership | View all 57 images (including Floor Plans) | Video tours and OM available upon request.
| Price History | |
|---|---|
| 3/15/2024 | Listed $2,645,000 |
General Features
| Cooling | Central Air,Window Unit(s) |
|---|---|
| Utilities | Sanitary Sewer,Water-Municipal,Water to Site,Cable Available |
| Possession | Closing |
| Roof | Composition |
| Zoning | MULTI |
| Construction Materials | Brick,Concrete,Wood Frame,Other |
| Year Built | 1887 |
| Electric | Circuit Breakers,Separate Meters,Service - 101 to 200 Amps |
| Tenant Pays | Air Conditioning,Electricity,Heat,Hot Water |
| Stories | 3 |
| Township | West Chicago |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 233460 |
| County | Cook |
| Net Operating Income | 176257 |
| Operating Expense | 47988 |
| Insurance Expense | 5115 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 17534 |
| Possible Use | Multi-Family |
| Status | Active |
| Directions | Ashland Ave to Chestnut East to Greenview North to Walton. Building is on the Corner of Walton & Greenview. |
| City | Chicago |
| Total Units | 10 |
| MLS Area | CHI - West Town |
| Lot Size Square Feet | 3072 |
| Street Name | Walton |
| Tax Annual Amount | 19520 |
| Electric Expense | 675 |
| Trash Expense | 1795 |
| Water Sewer Expense | 2564 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.youtube.com/playlist?list=PLGscKdEPH4rTJ5gdu0jr3zZe9WnTy8FKL |
| Days on Market | 15 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|---|
| Basement | Finished,Partially Finished,Storage Space |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 7986 |
| Lot Dimensions | 3072 |
| Frontage Type | City Street |
| Exterior | Vinyl Siding,Brick,Frame |
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 60642
Price
Taxes
Visits
Year Built
