$715,000
$725,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
SOLD DATE : 05/03/2024
Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11977728
Sold Date 05/03/24
Bedrooms 8
Year Built 1923
Annual Tax Amount $8,433
Tax Year 2022
Lot Dimensions 33X125
Property Sub-Type Two to Four Units
Property Description
ASSUMABLE MORTGAGE AT 2.375%! Extremely rare opportunity to purchase an updated brick 3 unit on an oversized lot in West Ridge with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the other two. The first floor is a 3 bed 2 bath + office, the second floor is a 3 bed 1 bath, and the garden is a non-conforming 2 bed 1 bath. Hardly anything to do as all units have many updates including renovated kitchens, vinyl windows, hardwood floors, large bedrooms, and desirable layouts. Building has a 2017 main boiler, mostly copper water lines, well maintained roof with silver coat, 2014 water heater, wide heated front stairwell with vintage detail, coin laundry, 2 car heated garage, and extra concrete parking pad for 2 additional tandem parking spaces that was previously rented for $125/month. Amazing location and across the street from Green Briar Park, CTA bus stop 1 block away, walking distance to bustling Devon Ave. We may never see 2.375% interest rates ever again! Don't miss this exceptionally rare opportunity. Owner occupancy required for assumption. Current assumable loan balance is $438K.
Location
State IL
County Cook
Area Chi - West Ridge
Rooms
Basement Full
Interior
Heating Natural Gas, Radiator(s)
Equipment TV-Dish, Ceiling Fan(s)
Fireplace N
Exterior
Exterior Feature Patio, Storms/Screens
Parking Features Detached
Garage Spaces 2.0
Community Features Park, Sidewalks, Street Lights, Street Paved
Roof Type Rubber,Flat
Building
Lot Description Fenced Yard, Outdoor Lighting, Sidewalks
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan, Public
New Construction false
Schools
Elementary Schools Dewitt Clinton Elementary School
High Schools Mather High School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Michael Donnelly • Jameson Sotheby's Intl Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "