1422 W. Edgewater Avenue, Chicago, IL
$ 575,000
Property Attributes
  • TypeMulti-Family
  • CountyCook
  • CityChicago
  • AreaCHI - Edgewater
  • Zip60660
  • StyleTraditional
  • Price$ 575,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Property Description

Listing provided by Michael Hall, Baird & Warner. ANDERSONVILLE- 3-UNIT BUILDING SITTING ON A QUIET TREE-LINED STREET JUST 1 BLOCK OFF CLARK STREET by Gethsemane Garden Center in one of the hottest neighborhoods on Chicago's north side. It doesn't get better than this in this easy-to-rent location just 4.5 blocks to the Red Line Bryn Mawr "L" Stop and 5 blocks to the soon to be new Edgewater Metra Stop as well a plethora of cafes, restaurants and shopping right outside your door! All 3 apartments have private back decks, their own HVAC systems and pay their own gas and electricity. Rents are below market value and could be higher, especially so with further cosmetic updates. Perfect for the owner-occupied buyer or investor alike. The 3rd floor could easily be combined with the 2nd floor for a wonderful 3 BR, 2BTH owner's duplex up if so desired. Unfinished basement could also be combined with the first floor for another duplexed apartment although current layout of building is perfect as is. Great value with lots of room for added value in the form of increased rents. Whole building would make a nice single-family conversion as well. 2-car parking in back of property. All this in an A+ location close to the lakefront and in the highly desirable Peirce School District. This building has very low property taxes and low expenses for the owner due to its maintenance free-exterior. It also has a pitched asphalt shingled roof which lasts longer and is more cost effective than a flat roof and front and back staircases are enclosed for reduced snow removal costs in the winter months. This building is being sold as a 2-unit building with a very nice non-conforming 3rd floor apartment on the 3rd floor which has it's own front and back entrance and would likely be easy to get approved by the city as a 3rd additional dwelling unit if so desired.


  • 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

AVG $1.73M
Year Built
AVG 1927