1940 West Addison StreetChicago, IL 60613Price: $1,690,000

  • Price: $1,690,000
  • 63 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.14Acreage
  • 1925Year Built

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1940 W. Addison is a rarely available, center entrance brick 6-flat located at the intersection of Chicago's Lakeview, Roscoe Village, and North Center neighborhoods. The property sits just two blocks west of the Addison Brown Line stop, and is just steps from numerous bars, restaurants, and CTA bus lines, as well as less than a mile to historic Wrigley Field. The property is comprised of six 2Bed/1Bath units and a 6-car parking pad. The units are incomparable, as they are 30-50% larger than many similar 2Bed/1Bath units in the area and feature separate living rooms, dining rooms, and kitchens. The building is equipped with 200-amp electric service, individual furnaces, individual hot water tanks, and shared laundry in the basement. There are also decorative fireplaces, hardwood floors, and private balcony/patio space in each unit. Three of the units have had kitchens and baths updated within the past few years to include stainless steel appliances, modern cabinetry, etc. The other three units are in older condition and would likely benefit from the same kitchens-and-baths rehab that the other units have received, though it would absolutely be possible to raise rents in their current condition. A new owner could also utilize the plentiful closet space to add in-unit laundry and capture additional rental upside.

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Listed by Henry Torn of ListWithFreedom.com

Based on information submitted to MRED  as of October 18, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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