Skip To Content

    1646 W Cortland Street

    Chicago, IL 60622
    • $1,199,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 11211991
    UPDATED: 26 min ago
    $1,199,000
    • 9
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1898
    County:

    School Information

    Elementary School:
    Middle School:
    School District:
    299

    Description

    In a fantastic BUCKTOWN location, we introduce this stellar investment opportunity with substantial cash flow. Housed on a 36 foot EXTRA WIDE lot, this legal 3 unit ALL BRICK dwelling provides great rents in a beautiful building. The current owners have done significant upgrades throughout creating a turn-key experience. Due to its very close proximity to transit, highway, restaurants and more - there have been no vacancies in 5 years - super easy to rent. The first floor duplex down would make a fabulous owner occupied unit or can be easily kept as a rental. This unit is massive with 3 bedrooms, 2 bathrooms, an enclosed back porch, two huge living spaces and two kitchens (lower level more of a wet bar with dishwasher). Hardwood flooring on both levels and designated dining. Unit 1 has it's own stackable washer/dryer replaced in 2019. The second floor has been fully rehabbed - new floors, new kitchen, new appliances, new bath. This home offers 3 bed, 1 bath. The top floor unit allows tons of light - hardwood floors throughout and is also a 3 bed, 1 bath. All units have enclosed back porches. Washer/dryer in building basement (replaced in 2019) services unit 2 and 3. Three car garage with new roof, new membrane + new gutters (2017). All three water heaters were replaced (2017). All units have their own furnaces/AC condensers. Building furnace (the 4th one) was replaced in 2019. Vents were added to the exterior to avoid any mold potential, new sump pump (2017), new roof membrane (2017). Brick was all tuck pointed and front copper roof was put on (2017). A lot of care and attention! Opportunity to increase rents with the potential rehab of unit 3.

    Monthly Payment Calculator



    © 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 2021-09-23T19:03:35.74 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
    www.johnlyonsrealestate.com/homes/121212975
    Print Image

    1646 W Cortland Street Chicago, IL 60622

    • Price: $1,199,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 11211991
    9
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1898
    Built
    Neighborhood:
    Chi - Logan Square
    County:
    Cook
    Area:
    Chi - Logan Square
    Elementary School:
    Pulaski International
    Middle School:
    Pulaski International
    High School:
    Wells Community Academy Senior H
    School District:
    299
    Property Description
    In a fantastic BUCKTOWN location, we introduce this stellar investment opportunity with substantial cash flow. Housed on a 36 foot EXTRA WIDE lot, this legal 3 unit ALL BRICK dwelling provides great rents in a beautiful building. The current owners have done significant upgrades throughout creating a turn-key experience. Due to its very close proximity to transit, highway, restaurants and more - there have been no vacancies in 5 years - super easy to rent. The first floor duplex down would make a fabulous owner occupied unit or can be easily kept as a rental. This unit is massive with 3 bedrooms, 2 bathrooms, an enclosed back porch, two huge living spaces and two kitchens (lower level more of a wet bar with dishwasher). Hardwood flooring on both levels and designated dining. Unit 1 has it's own stackable washer/dryer replaced in 2019. The second floor has been fully rehabbed - new floors, new kitchen, new appliances, new bath. This home offers 3 bed, 1 bath. The top floor unit allows tons of light - hardwood floors throughout and is also a 3 bed, 1 bath. All units have enclosed back porches. Washer/dryer in building basement (replaced in 2019) services unit 2 and 3. Three car garage with new roof, new membrane + new gutters (2017). All three water heaters were replaced (2017). All units have their own furnaces/AC condensers. Building furnace (the 4th one) was replaced in 2019. Vents were added to the exterior to avoid any mold potential, new sump pump (2017), new roof membrane (2017). Brick was all tuck pointed and front copper roof was put on (2017). A lot of care and attention! Opportunity to increase rents with the potential rehab of unit 3.
    Exterior Features

    Exterior Building Type Brick Exterior Features Porch Foundation Details Concrete PerimeterStone Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Features Common Grounds Lot Size Oversized Chicago Lot Multi Family Type 3 Flat Parking Garage Roof Rubber Waterfront YN No

    Interior Features

    Basement Finished Basement Details Full Bathroom Whirlpool Bedrooms Below Grade 0 Bedrooms Total 9 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasForced Air Room Type Enclosed Porch Rooms Total 19

    Property Features

    Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Insurance Expense 4290 New Construction YN No Other Equipment Sump Pump Ownership Fee Simple Rebuilt YN No Rehab Year 2017 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 16117.83 Tax Year 2019 Total Numberof Unitsin Building 3 Total Rental Income 90456 Township West Chicago Type Two To Four Units Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Compass.


    © 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 2021-09-23T19:03:35.74 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
     
    https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11211991-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11211991-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11211991-1.jpg
    Logo
    John Lyons Real Estate | Baird & Warner
    2526 N Lincoln Ave
    Chicago IL, 60614