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2537 N Wayne Avenue
Chicago, IL, 60614
$1,775,000
11 Beds
8 Baths
0 SqFt
0 Acres
$1,775,000
2537 N Wayne Avenue
Chicago, IL, 60614
FULLY RENOVATED 4 UNIT INVESTMENT PROPERTY. AAA+++ LINCOLN PARK LOCATION. 2022 GROSS INCOME $145,200, $108K NOI, 6.11 CAP & 12.22 GRM. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. MULTIPLE PROPERTY PINS WERE COMBINED INTO SINGLE PIN IN 2020. UPCOMING TAX ASSESSMENT FOR 2021 WENT DOWN 4.94%. ALL APT. RENTS LEASED INTO 2023. ALL UNITS RECENTLY UPDATED INCLUDING LARGE UPDATED KITCHENS AND BATHS. EACH UNIT HAS CENTRAL HEAT/AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT. EACH INCLUDES A TWO-LEVEL LAYOUT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO DEEDED PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH INCOME GROWTH POTENTIAL. REQUIRE 48 HOURS NOTICE. TRANSFERRABLE BASEMENT WATERPROOFING ON NORTH WALL IN 2020. NEW ROOF TEAR OFF/REPLACEMENT IN APRIL 2022. REQUIRE 48 HOURS NOTICE.

Property Details

Price:
$1,775,000
MLS #:
MRD11310728
Status:
No Longer Available
Beds:
11
Baths:
8.00
Address:
2537 N Wayne Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Jan 25, 2022
State:
IL
ZIP:
60614

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Financial

Buyer Agent Compensation
3%
Tax Year
2020
Taxes
$29,061
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Debra Dobbs is one of Chicago’s top realtors with more than 38 years in the real estate business.

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2537 N Wayne Avenue
Chicago, IL