Residential Income for Sale: 1941 W Balmoral, Chicago, IL 60640

9 beds
$1,050,000
$1,050,000
1941 W Balmoral, Chicago, IL 60640
9 beds
$1,050,000
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Price:
$1,050,000

Type Residential Income
Beds 9
Year Built 1908

City Chicago
County Cook
School District 299

MLS 12221311
Status Active Under Contract
Rare legal 4-unit opportunity in Andersonville/Bowmanville. This neighborhood is not only one of the COOLEST in the United States, but also in the world according to TimeOut. Renovated in 2014, the property features (4) beautifully updated units, including (3) 2-bed /1-bath apartments, (1) 3-bed / 2-bath duplex-down apartment, and (1) additional fifth non-conforming 1-bed / bath garden apartment. Each unit boasts modern kitchens with granite countertops, stainless steel appliances, and separate furnaces. Additional capital improvements include a new porch (Sept. 2024), tuckpointing, and building owned laundry. With a total in-place rental income of 103,260/year (8,605/month), this property offers both immediate returns and potential for growth by adding central AC and/or in-unit laundry. The building sits on the corner of a quiet tree-lined street with single family homes, well-manicured lawns, community gardens and green space. You will always find something to do in this neighborhood. Walk out your door and you can try some of Chicago's best local brews at Half Acre and Spiteful Brewery. Clark Street's fabled "restaurant strip" is a short walk away with Hopleaf Bar, epic brunch spot m. henry and some of the city's best comfort food at Big Jones. Don't miss out on this exceptional investment or live-in opportunity in a thriving Chicago community!

Room Features

Basement Description Finished, Exterior Access, Egress Window

Lot & Building Features

Heating Forced Air, Natural Gas
Parking Description None
Sewer Public Sewer
Tax Year 2023
Water Lake Michigan
Lot Dimensions 25 X 125 ft

Community and Schools

Elementary School 299

Price History of 1941 Balmoral, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $1,050,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Sharon Biros Koerber
Direct: 708-987-0180
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Triton Realty Group LLC, Harrison Cohen & James Thompson
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20%
1%
6.75%
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1941 Balmoral (MLS #12221311) is a residential income listing located in Chicago, IL. This property was listed on 12/05/2024 and has been priced for sale at $1,050,000.

Nearby zip codes are 60613, 60625, 60642, 60659 and 60660.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Triton Realty Group LLC