$1,295,000
1702 N Wolcott Avenue
Chicago, IL, 60622
Fully leased TURNKEY 4 unit corner brick building in the absolute heart of Bucktown. Situated on the premier residential block of Wabansia, two blocks from the Damen blue line stop, three blocks from 94, the 606 trail, and all of the restaurants Wicker/Bucktown has to offer. Surrounded by multi million dollar houses, the potential for adding value through unit renovations is significant. The building is currently configured as five apartments. Each unit features two (2) bedrooms and one (1) bathroom. The fifth non- conforming unit was built out 3 years ago and features stainless steel appliances, designer-grade finishes, central air and washer/dryer in unit, and a private entrance, allowing it to be utilized as an Airbnb in a top notch tourist destination. Additionally the building offers on-site laundry in basement, the roof was re-done in 2016, bathrooms and kitchen both gutted and remodeled within the past 10 years. 1702 N Wolcott is a rare opportunity to own a corner building in a prime Bucktown location with an endless choice of trendy restaurants, local bars and entertainment options just steps away. This property provides an excellent opportunity for a new operator to cash-flow as is, or make renovations that would significantly increase the value of the property.
Property Details
Price:
$1,295,000 / $1,150,000
MLS #:
MRD11684971
Status:
Closed ((Mar 6, 2023))
Beds:
8
Baths:
4
Address:
1702 N Wolcott Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Dec 8, 2022
State:
IL
ZIP:
60622
Year Built:
1930
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Roof
Flat
Financial
Buyer Agent Compensation
2.5% – $350% of Net Sale Price
Tax Year
2020
Taxes
$14,295
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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1702 N Wolcott Avenue
Chicago, IL
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