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1505 N Hudson Avenue N

Chicago, IL 60610
  • $1,800,000
  • STATUS: Active Under Contract
  • ON SITE: 53 days
  • MLS #: 11116267
Under Contract
UPDATED: 61 min ago
$1,800,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1883
County:

School Ratings & Info

Description

Rare Opportunity in the Heart of Old Town!!! Two Structure 5 Unit property with value-add+ potential. Front 3 unit Brick building features Top Floor unit with Private Rooftop Deck! First floor is a huge Duplex with high ceilings. Entirely New Coach House, rebuild completed 2021!! Coach house was entirely rebuilt after a fire, through insurance, completion May 2021. Full Replacement Exterior and Interior Coach House. Units still have room for Huge Rent Increases! Untapped Potential! See attached Financials

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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 2021-08-02T15:55:05.463 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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1505 N Hudson Avenue N Chicago, IL 60610

  • Price: $1,800,000
  • Status: Active Under Contract
  • Updated: 61 min ago
  • MLS #: 11116267
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1883
Built
Neighborhood:
Chi - Near North Side
County:
Cook
Area:
Chi - Near North Side
Property Description
Rare Opportunity in the Heart of Old Town!!! Two Structure 5 Unit property with value-add+ potential. Front 3 unit Brick building features Top Floor unit with Private Rooftop Deck! First floor is a huge Duplex with high ceilings. Entirely New Coach House, rebuild completed 2021!! Coach house was entirely rebuilt after a fire, through insurance, completion May 2021. Full Replacement Exterior and Interior Coach House. Units still have room for Huge Rent Increases! Untapped Potential! See attached Financials
Exterior Features

Parking Total 1 Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Indoor Parking 1-5 Spaces Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 3 Number Of Bedrooms Unit4 0 Number Of Dishwashers 5 Number Of Dryers 1 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 2 Number Of Ranges 5 Number Of Refrigs 5 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 3 Number Of Rooms Unit3 6 Number Of Rooms Unit7 0 Number Of Units Apt Type1 2 Number Of Units Apt Type2 2 Number Of Units Apt Type3 1 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 1

Property Features

Additional Parcels YN No Built Before1978 YN Yes Cap Rate 5.5 Electric Expense 500 Fuel Expense 200 Gross Income 138000 Gross Scheduled Income 138000 Insurance Expense 4000 Janitor Expense 0 Lot Size Dimensions 25 X 124 Maintenance Expense 0 Monthly Income Max1 2250 Monthly Income Max2 1750 Monthly Income Max3 3150 Operating Expense 37844 Other Expense 6840 Tax Annual Amount 23104 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatHot Water Total Monthly Income 11400 Trash Expense 1200 Type Multi Family Corridor-Interior Entrance Washer Dryer Leased YN No Water Sewer Expense 2000 Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Fulton Grace Realty.


© 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 2021-08-02T15:55:05.463 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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