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1502 N CLEVELAND Avenue Chicago, IL 60610
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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
Subdivision Old Town
MLS Listing ID 10827631
Sold Date 11/13/20
Style Greystone
Bedrooms 5
Year Built 1895
Annual Tax Amount $22,272
Tax Year 2019
Lot Dimensions 25 X 123
Property Description
OLD TOWN-Investors delight SPACIOUS GRAY-STONE 3 UNITS w/beautiful curb appeal. Almost 5000 Sq Ft of living space, Lot (25x123), RT-5 Zoning. Building was gutted & rehabbed 30 years ago w/full replacement & improvements of structural, plumbing, electric & mechanic. **1st fl, owner occupied, is dplx down, almost 2000 Sq Ft w/2 full huge Baths, 2 fireplaces,. /can be rented for $3,200+ / month. A few months ago was just nicely remodeled ( see pictures) **2nd ( see pics) & 3rd units are identical: 2/1, laminate floor, Fireplace, spacious w/lots of light...Tenants pay all utilities! Current Gross Income, if owner unit is rented, will be around $100,000/with some improvements Gross Income can be $30K-$40K higher. Bldg is ideal for 2 or 3 condos /Duplex down & duplex up/, convert to SF home or keep it as high end investment. Condos in the area sell for over $1 Million, SF for a few Millions. Laundry in the basement, 2 Car garage /can bring extra Income/. Amazig Chicago's city sky light from the roof (Pls check the photo-possible roof deck) ) Beautiful secular yard. Bldg is well cared for, however, long time owner prefers AS-IS sale.
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved, Other
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
View Y/N true
Roof Type Tar and Gravel
Building
Lot Description Fenced Yard
Foundation Stone, Other
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Bought with Larissa Brodsky • Baird & Warner