1614 N CLEVELAND Avenue
Chicago, IL, 60614
$1,539,000
Beds
0 Baths
SqFt
0 Acres
$1,539,000
1614 N CLEVELAND Avenue
Chicago, IL, 60614
MLS #MRD11660139 img 0MLS #MRD11660139 img 1MLS #MRD11660139 img 2MLS #MRD11660139 img 3MLS #MRD11660139 img 4MLS #MRD11660139 img 5MLS #MRD11660139 img 6MLS #MRD11660139 img 7MLS #MRD11660139 img 8MLS #MRD11660139 img 9MLS #MRD11660139 img 10MLS #MRD11660139 img 11MLS #MRD11660139 img 12
ASSUMABLE MORTGAGE AT VERY LOW 4.42% INTEREST RATE. LOAN DOES NOT NEED TO BE ASSUMED. THIS IS AN INCREDIBLE OPPORTUNITY TO PURCHASE A FULLY REBUILT/RENOVATED 5 UNIT PROPERTY IN THE HEART OF OLD TOWN. THE PROPERTY WAS RENOVATED FROM TOP TO BOTTOM IN 2017 WITH NEW PLUMBING, ELECTRIC, HVAC, ROOF, WINDOWS, SIDING, FRAMING. CONDO QUALITY KITCHENS AND BATHROOMS WITH IN-UNIT LAUNDRY IN ONE OF THE MOST SOUGHT AFTER LOCATIONS IN THE CITY. SHORT WALK TO THE SEDGWICK “L” STOP, WELLS STREET, ARMITAGE AVENUE, SECOND CITY AND LAKE MICHIGAN. SOME ROOM TO INCREASE RENTS TO MARKET. GREAT INVESTMENT OPPORTUNITY AT BELOW MARKET INTEREST RATE.

Property Details

Price:
$1,539,000 / $1,539,000
MLS #:
MRD11660139
Status:
Closed ((Feb 17, 2023))
Beds:
0
Baths:
0
Address:
1614 N CLEVELAND Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Oct 25, 2022
State:
IL
ZIP:
60614
Year Built:
1876

Schools

Interior

Cooling
Central Individual

Exterior

Construction Materials
Wood Frame

Financial

Buyer Agent Compensation
2% – $395Net Sale Price
Net Operating Income
$96,355
Tax Year
2021
Taxes
$16,087
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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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1614 N CLEVELAND Avenue
Chicago, IL