Residential Income for Sale: 2718 W Winnemac, Chicago, IL 60625
9 beds
$1,150,000
$1,150,000
2718 W Winnemac,
Chicago, IL 60625
9 beds
$1,150,000
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Price:
$1,150,000
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Type Residential Income
Beds 9
Year Built 1921
City Chicago
County Cook
School District 299
MLS 12203499
Status Pending
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.
Room Features
Basement Description Finished
Lot & Building Features
Heating Natural Gas, Radiator(s)
Parking Description Garage
Sewer Public Sewer
Tax Year 2023
Water Lake Michigan, Public
Lot Dimensions 33X125 ft
Community and Schools
Elementary School 299
Price History of 2718 Winnemac, Chicago, IL
Date | Name | Price | Difference |
---|---|---|---|
12/31/1969 | Listing Price | $1,150,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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2718 Winnemac (MLS #12203499) is a residential income listing located in Chicago, IL. This property was listed on 11/04/2024 and has been priced for sale at $1,150,000.
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: Main Street Real Estate Group |