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    1347 N State Parkway

    Chicago, IL 60614
    • $2,775,000
    • STATUS: Active Under Contract
    • ON SITE: 23 days
    • MLS #: 11205879
    Under Contract
    UPDATED: 59 min ago
    $2,775,000
    • 9
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Information

    Elementary School:
    Middle School:
    School District:
    299

    Description

    This exceptional Gold Coast 2-unit building offers an excellent opportunity for a resident owner to offset the cost of homeownership with rental income or for an armchair investor seeking to acquire a substantial property with positive cash flow. The property is comprised of a luxurious 7,500 sqft 6-bedroom, 6-bath triplex that generates approximately $17,000/mo and a bright renovated 3-bedroom, 2-bath PH that rents for approximately $7,500/mo. Each unit has superior quality finishes, renovated kitchens and baths, central a/c, in-unit laundry, and access to outdoor space. Contact the listing broker for more information or to view the property.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-09-25T07:59:25.65 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1347 N State Parkway Chicago, IL 60614

    • Price: $2,775,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • MLS #: 11205879
    9
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1920
    Built
    Neighborhood:
    Chi - Near North Side
    County:
    Cook
    Area:
    Chi - Near North Side
    Elementary School:
    Ogden International
    Middle School:
    Ogden International
    High School:
    Lincoln Park High School
    School District:
    299
    Property Description
    This exceptional Gold Coast 2-unit building offers an excellent opportunity for a resident owner to offset the cost of homeownership with rental income or for an armchair investor seeking to acquire a substantial property with positive cash flow. The property is comprised of a luxurious 7,500 sqft 6-bedroom, 6-bath triplex that generates approximately $17,000/mo and a bright renovated 3-bedroom, 2-bath PH that rents for approximately $7,500/mo. Each unit has superior quality finishes, renovated kitchens and baths, central a/c, in-unit laundry, and access to outdoor space. Contact the listing broker for more information or to view the property.
    Exterior Features

    Architectural Style Georgian Exterior Building Type Brick Garage Onsite No Garage Ownersite Fee/Leased Garage Type Detached Is Parking Included In Price No Lot Features Fenced YardLandscaped Lot Size Oversized Chicago Lot Multi Family Type 2 Flat Parking Garage Parking Details Garage Waterfront YN No

    Interior Features

    Basement Finished Basement Details FullEnglish Bathroom WhirlpoolSeparate ShowerDouble Sink Bedrooms Below Grade 0 Bedrooms Total 9 Full Baths In Building 8 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 17

    Property Features

    Age 100+ Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information None Gross Income 294000 Insurance Expense 5000 Lease Amount 345 Maintenance Expense 5000 Net Operating Income 190368 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2015 Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 87531.82 Tax Year 2020 Total Numberof Unitsin Building 2 Total Rental Income 294000 Township North Chicago Type Two To Four Units Water Source Lake Michigan

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Engel & Voelkers Chicago.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-09-25T07:59:25.65 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    John Lyons Real Estate | Baird & Warner
    2526 N Lincoln Ave
    Chicago IL, 60614