1523 West 18th StreetChicago, IL 60608Sale Price: $725,000

  • Sale Price: $725,000
  • 237 Days Since Sale
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Federal 30-year interest rate: 6.95% last updated on Jun 13, 2024
* 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.
  • 3,780Square Feet
  • 1882Year Built

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Prime 18th Street Mixed-use building with numerous updates including 400 amp electric in front building, new 100 amp service in Coach House, new porch completed with permits, newer chimneys with liners, newer heating and hot water units and partial tuck-pointing. The units feature nicely sized 1 bed/1 bath units and a large duplex into the attic unit with 5 bedrooms and 2 baths. The coach house in the rear is approximately 700 SF. There is a nice outdoor patio for tenants to enjoy and the basement has a nice ceiling height and is currently leased at $450 per month. Unit 2R has in-unit laundry and a nicely updated bathroom. Ownership can not confirm the legality of the 6th unit. Tons of value-add in this property as ownership has been paying gas for all tenants which can easily become a tenant paid expense upon lease renewals. Real Estate Taxes have not been contested and increased by 74%. New assessed value is well above current asking price and can easily be contested and reduced upon completion of sale.

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Listed by Angelo Labriola of Sperry Van Ness

Listing Sold by Sperry Van Ness

Based on information submitted to MRED  as of June 18, 2024 . 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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