$615,000
1422 W Edgewater Avenue
Chicago, IL, 60660
ANDERSONVILLE- 3-UNIT BUILDING SITTING ON A QUIET TREE-LINED STREET JUST 1 BLOCK OFF CLARK STREET by Gethsemane Garden Center in one of the hottest neighborhoods on Chicago’s north side. It doesn’t get better than this in this easy-to-rent location just 4.5 blocks to the Red Line Bryn Mawr “L” Stop and 5 blocks to the soon to be new Edgewater Metra Stop as well a plethora of cafes, restaurants and shopping right outside your door! All 3 apartments have private back decks, their own HVAC systems and pay their own gas and electricity. Rents are below market value and could be higher, especially so with further cosmetic updates. Perfect for the owner-occupied buyer or investor alike. The 3rd floor could easily be combined with the 2nd floor for a wonderful 3 BR, 2BTH owner’s duplex up if so desired. Unfinished basement could also be combined with the first floor for another duplexed apartment although current layout of building is perfect as is. Great value with lots of room for added value in the form of increased rents. Whole building would make a nice single-family conversion as well. 2-car parking in back of property. All this in an A+ location close to the lakefront and in the highly desirable Peirce School District. This building has very low property taxes and low expenses for the owner due to its maintenance free-exterior. It also has a pitched asphalt shingled roof which lasts longer and is more cost effective than a flat roof and front and back staircases are enclosed for reduced snow removal costs in the winter months. This building is being sold as a 2-unit building with a very nice non-conforming 3rd floor apartment on the 3rd floor which has it’s own front and back entrance and would likely be easy to get approved by the city as a 3rd additional dwelling unit if so desired.
Property Details
Price:
$615,000 / $575,000
MLS #:
MRD11693417
Status:
Closed ((Feb 23, 2023))
Beds:
5
Baths:
3
Address:
1422 W Edgewater Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Jan 1, 2023
State:
IL
ZIP:
60660
Year Built:
1908
Schools
School District:
299
Elementary School:
Peirce Elementary School Intl St
High School:
Senn High School
Interior
Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+, Indv Controls, Zoned
Exterior
Architectural Style
Traditional
Community Features
Sidewalks, Street Lights, Street Paved
Exterior Features
Deck
Parking Features
Off Alley
Financial
Buyer Agent Compensation
2.25% – $395% of Net Sale Price
Tax Year
2020
Taxes
$6,031
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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1422 W Edgewater Avenue
Chicago, IL
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