Price Reduction
Address
6138 W School Street, Chicago, IL
Price
$ 724,900
Property Attributes
- MLS#11996849
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Dunning
- NeighborhoodDunning
- Zip60634
- Style
- Year Built1922
- Taxes$ 5556
- Price$ 724,900
- Bedrooms4
- Full Bathrooms5
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Prepare to be STUNNED by this immaculately remodeled 2 (possibly 3) unit property in one of the most desirable locations! Buy for yourself and offset the mortgage significantly, or start cash flowing immediately as an investor by finishing the 3rd unit (current rents are under market value, leases up in July). The previous owner tore it down to the studs and rebuilt with an unprecedented level of quality and detail. The curb appeal is undeniable, featuring fresh concrete stairs and sidewalk/gangway, a spacious front porch with composite deck boards, an outdoor fan, and modern black cable railings. The units each have separate entrances, tankless water heaters, furnaces, water meters, ACs, and electrical panels. The entire building has all new plumbing, electrical, appliances, mechanicals, almost all new windows, and spray foam insulation. Each unit's materials are top of the line, as this was the owner's primary residence. Enjoy the statement tile in the foyer, wood laminate flooring, a shiplap accent wall with built in electric fireplace, and a spacious dining area. The kitchen has quartz countertops, white cabinets with exposed glass on top, a pot filler, range hood, farmhouse sink, and stainless steel appliances. The bedrooms are nicely appointed and both feature closet organizers. The 1st bathroom has a 32 inch deep soaker tub and the 2nd has an extra large glass shower featuring ceramic tile flooring. The bonus room can be used for an office, bedroom, or extra storage. The 2nd unit is an identical layout and same caliber of materials, but all different color choices and details. It's truly a sight to be seen! The basement was dug down 2.5 feet to increase ceiling height, has its own electrical panel, is already plumbed for a kitchen, and there is an obvious location to frame the bedroom. The basement bathroom is gorgeous and has yet another glass shower! No detail was spared - the drain tile system goes 4.5 feet up the wall ensuring no moisture ever and the security system stays! The yard is low maintenance and trendy, and the 2.5 car garage has a 220 electrical panel and a huge storage area in the attic.
| Elementary School |
|---|
| Lyon Elementary School |
| Price History | |
|---|---|
| 3/6/2024 | Listed $750,000 |
| 4/19/2024 | 4% - $724,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing,Immediate,Tenant's Rights |
| Exterior Features | Patio,Storms/Screens,Cable Access,Workshop |
| Zoning | MULTI |
| Garage Spaces | 2.5 |
| Year Built | 1922 |
| Township | Jefferson |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Gross Income | 44400 |
| Community Features | Curbs,Sidewalks,Street Lights,Street Paved |
| County | Cook |
| Net Operating Income | 41088 |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 12 |
| Status | Active |
| Directions | Belmont to Melvina,North to School Street,East to Property |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Dunning |
| Waterfront Y/N | No |
| Street Name | School |
| Elementary School | Lyon Elementary School |
| Tax Annual Amount | 5556.59 |
| Water Sewer Expense | 276 |
| Additional Parcels Y/N | No |
| Days on Market | 52 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Street Suffix | Street |
| Total Bedrooms | 4 |
| Total Baths | 5 |
| Bedrooms Possible | 4 |
| Basement | Finished,Sleeping Area,Storage Space |
| Bathrooom | Soaking Tub |
| Full Baths Building | 5 |
| Total Number of Units | 2 |
Exterior Features
| Lot Features | Fenced Yard |
|---|---|
| Water Source | Lake Michigan |
| Total Parking | 2.5 |
| Foundation Details | Concrete Perimeter |
| Lot Dimensions | 30 X 124 |
| Other Equipment | TV-Cable,Security System,CO Detectors,Ceiling Fan(s),Sump Pump,Multiple Water Heaters,Security Cameras |
| Garage Onsite | Yes |
| Garage Type | Detached |
| Garage Ownership | Owned |
| Exterior | Vinyl Siding |
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 60634
Price
Taxes
Visits
Year Built
