Address
1615 W Highland Avenue, Chicago, IL
Price
$ 3,270,000
Property Attributes
  • MLS#12005899
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Edgewater
  • NeighborhoodEdgewater
  • Zip60660
  • Style
  • Year Built1917
  • Taxes$ 19832
  • Price$ 3,270,000
  • Bedrooms13
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.292723 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Investment opportunity 6% cap to own a rare turnkey 13 unit brick building with coach house and garages on oversized lot in hot Edgewater neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to new roof and hot water heaters apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near university, restaurants, retail, lake and more. Some value add opportunities. Cash flowing asset. Contact agent for more photos. Additional properties for sale in portfolio. Please send POF and sign NDA for financials.

Price History
3/26/2024 Listed $3,295,000
5/17/2024 1% - $3,270,000

General Features

Construction Materials Brick
Year Built 1917
Tenant Pays Air Conditioning,Electricity,Heat
Stories 3
Tax Year 2022
Gross Income 1
County Cook
Net Operating Income 1
Operating Expense 1
Insurance Expense 1
Property Type Commercial Sale
MaintenanceExpense 1
Status Active
Directions A block west off Clark Street and a block south of Devon Ave
City Chicago
Total Units 13
MLS Area CHI - Edgewater
Lot Size Square Feet 12751
Street Name Highland
Tax Annual Amount 19832
Electric Expense 1
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Additional Parcels Y/N No
Days on Market 58
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 66 X 176

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 $2.82M
$3.27M
Taxes
AVG $22,346
$19,832
Visits
AVG 284
269
Data Provided by Inside Real Estate®
Year Built
AVG 1923
1917