Sold
Address
6220 N. Wayne Avenue, Chicago, IL
Price
$ 805,000
Property Attributes
  • TypeMulti-Family
  • CountyCook
  • CityChicago
  • AreaCHI - Edgewater
  • Zip60660
  • StyleTraditional
  • Price$ 805,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Property Description

Listing provided by Michael Hall, Baird & Warner. Rarely available all brick 3-unit with additional non-conforming garden apartment building on an extra-wide lot in an awesome Edgewater location! This magnificent building is on the market for the first time in over 30 years! Just 3.5 blocks to the Granville Red Line, 4 blocks to Loyola University and 5 blocks to the lakefront it doesn't get better than this for location. 4-car brick garage parking on site with new doors, a new tear-off roof (2019), separate HVAC systems for the top three units and original vintage details including hardwood floors, built-in dining room hutches and beamed ceilings are just a few of the desirable qualities of this property that make it perfect for the owner occupied buyer or investor alike. 90% of windows have been updated, new tear off roof (2020) as well and building has great light throughout with open views. All tenants are currently under month-to-month leases and building currently generates $67,860 in yearly income. Rents are below market value and could be significantly higher especially with further cosmetic updates. All this in an A+ location close to tons of shopping, restaurants, grocery stores, the Lakefront and the soon to be Peterson Metra Stop that is currently under construction. Rent roll can be provided.

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60660

Price
AVG $1.73M
$810K
Year Built
AVG 1927
1910