$845,000
1417 W Olive Avenue
Chicago, IL, 60660
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
MLS #:
MRD11966794
Status:
Pending
Beds:
7
Baths:
4
Address:
1417 W Olive Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Jan 25, 2024
State:
IL
ZIP:
60660
Year Built:
1912
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Parking Spots
2
Financial
Buyer Agent Compensation
2% – $500% of Net Sale Price
Tax Year
2022
Taxes
$14,192
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
Chicago, IL
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