1417 W Olive Avenue
Chicago, IL, 60660
$845,000
7 Beds
4 Baths
SqFt
0 Acres
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$845,000
1417 W Olive Avenue
Chicago, IL, 60660
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3-unit all-brick building on a large lot in the Andersonville neighborhood. It’s fully leased, featuring a 3 bed/2 bath duplex (Unit 1) and two 2 bed/1 bath units (Units 2 and 3). Highlights include hardwood floors, spacious interiors, high ceilings, and separate HVACs. Also includes a 2-car garage for extra income and the option to transform the basement into another unit under the ADU program. There’s also a new coin laundry in the basement. Recent upgrades include Unit 2’s kitchen (2016) and Unit 3’s kitchen and bath (2019). Rents are below market and have room for growth. Unit 1 is perfectly positioned for rehab potential and has many possibilities in addition to the ADU potential. This is a good opportunity for first-time investors or owner-occupant buyer.

Property Details

Price:
$845,000 / $815,000
MLS #:
MRD11966794
Status:
Closed ((May 9, 2024))
Beds:
7
Baths:
4
Address:
1417 W Olive Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Jan 25, 2024
State:
IL
ZIP:
60660

Schools

Interior

Heating
Natural Gas, Forced Air

Exterior

Financial

Buyer Agent Compensation
2% – $500% of Net Sale Price
Tax Year
2022
Taxes
$14,192
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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1417 W Olive Avenue
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