25
See all 25 photos
$1,150,000
Est. payment /mo
9 BD
3 BA
Active
2718 W Winnemac AVE Chicago, IL 60625
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UPDATED:
12/08/2024 06:07 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12203499
Bedrooms 9
Year Built 1921
Annual Tax Amount $14,142
Tax Year 2023
Lot Dimensions 33X125
Property Description
Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1,396,800. Rental rates are quoted at pro-forma rental amounts.
Location
State IL
County Cook
Area Chi - Lincoln Square
Rooms
Basement Full
Interior
Heating Natural Gas, Radiator(s)
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 3.0
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Mo Dadkhah • Main Street Real Estate Group
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