$899,000
1535 W Barry Avenue
Chicago, IL, 60657
Incredible opportunity for a savvy buyer. This well maintained 3-flat can be a turnkey investment. Or an owner occupant can have most of their monthly expenses covered by tenants. Current monthly income of $6,300/month and a 6% cap rate. The top floor duplex up features three bedrooms, 2 full bathrooms . The large eat-in kitchen leads out to a back deck perfect for grilling and entertaining. The second level has TONS of extra storage and a bonus office/work space. This large unit lives like a single family home. ($2,650/month – Unit 2 improvements: AC 2022, furnace 2023, water heater 2021). First floor unit is a 2 bed,1 bath with a large eat-in kitchen and a back deck. ($2,100/month – Unit 1 improvements: AC 2022, furnace 2018, fridge 2020, bathroom renovated 2019). Garden unit is a 1 bed, 1 bath. ($1,550/month – renovated bathroom 2018). TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Common laundry in the basement. 2 car garage. Owners have taken excellent care of the property and IMPROVEMENTS INCLUDE new siding 2017, new electric panels 2019, new front windows 2021, new washer/dryer 2022, new water pump 2023, new fence & landscaping 2025. The unit is currently fully rented. Units G & 2 rented through May 2026. Unit 1 will be vacant as of June 1 2025 and could be an owner occupant or easily rented at an INCREASED RATE from its current $2100 month (estimated new rental rate would be $2300-$2400). LOCATION CANNOT BE BEAT. Just steps from Whole Foods, Target, Brown Line L, and all the shops and restaurants of Lakeview.
Property Details
Price:
$899,000
MLS #:
MRD12356736
Status:
Active
Beds:
6
Baths:
4
Address:
1535 W Barry Avenue
Type:
Multi Family
Neighborhood:
CHI – Lake View
City:
Chicago
Listed Date:
May 8, 2025
State:
IL
ZIP:
60657
Year Built:
1886
Schools
School District:
299
Elementary School:
Burley Elementary School
Interior
Heating
Sep Heating Systems – 2+
Exterior
Construction Materials
Frame
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking Spots
2
Financial
Tax Year
2023
Taxes
$15,356
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1535 W Barry Avenue
Chicago, IL
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