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    2513 N Talman Avenue

    Chicago, IL 60647
    • $760,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 11175128
    UPDATED: 64 min ago
    $760,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:
    299

    Description

    Want to live in the highly desirable, historic Logan Boulevard? With it's tree-lined and mile long beauty, this once in a generation well maintained 3-unit building could be yours. The scarcity of a Victorian Style facade gem with fluted columns, only footsteps away from the Boulevard's unique beauty, is the prize of a lifetime. Configured as three-two bedroom one bathroom apartments, they all feature similar footprints. Solid Hardwood floors, galley kitchens, tall windows, Skylights, high ceilings, and tons of light, are some of the features. The second floor highlights a 30 foot vaulted ceiling wrapped with beautiful tongue and groove knotty pine. This unique property offers the astute investor an opportunity to acquire a very well-located, cash-flowing asset. Presently, the Proforma cap rate is 9%, but the savvy investor, could easily reside in one unit and rent out the other 2 at market rate. 2 of the 3 units are month to month with long term tenants paying below market rents. This worthwhile asset could easily be updated with a minor budget and enhance the investor's or owner-occupant's portfolio. A quick 10-minute walk to the California Blue Line Public transportation and less-than a 5-minute jaunt to the # 74 Fullerton Ave CTA Bus. Shopping centers, movie theater, fitness centers (Extreme & Midtown gyms), big box retail, and grocers are 5 minutes away at Elston & Logan. Easy access to The Kennedy Expressway, via a 4-minute drive from your home. A stroll down Logan Boulevard to enjoy the Farmers market, Cafes, restaurants, or pure architectural splendor, is also a treat.

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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 2021-09-23T22:01:14.78 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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    2513 N Talman Avenue Chicago, IL 60647

    • Price: $760,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: 11175128
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Chi - Logan Square
    County:
    Cook
    Area:
    Chi - Logan Square
    School District:
    299
    Property Description
    Want to live in the highly desirable, historic Logan Boulevard? With it's tree-lined and mile long beauty, this once in a generation well maintained 3-unit building could be yours. The scarcity of a Victorian Style facade gem with fluted columns, only footsteps away from the Boulevard's unique beauty, is the prize of a lifetime. Configured as three-two bedroom one bathroom apartments, they all feature similar footprints. Solid Hardwood floors, galley kitchens, tall windows, Skylights, high ceilings, and tons of light, are some of the features. The second floor highlights a 30 foot vaulted ceiling wrapped with beautiful tongue and groove knotty pine. This unique property offers the astute investor an opportunity to acquire a very well-located, cash-flowing asset. Presently, the Proforma cap rate is 9%, but the savvy investor, could easily reside in one unit and rent out the other 2 at market rate. 2 of the 3 units are month to month with long term tenants paying below market rents. This worthwhile asset could easily be updated with a minor budget and enhance the investor's or owner-occupant's portfolio. A quick 10-minute walk to the California Blue Line Public transportation and less-than a 5-minute jaunt to the # 74 Fullerton Ave CTA Bus. Shopping centers, movie theater, fitness centers (Extreme & Midtown gyms), big box retail, and grocers are 5 minutes away at Elston & Logan. Easy access to The Kennedy Expressway, via a 4-minute drive from your home. A stroll down Logan Boulevard to enjoy the Farmers market, Cafes, restaurants, or pure architectural splendor, is also a treat.
    Exterior Features

    Exterior Building Type Vinyl SidingFrame Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Garage Waterfront YN No

    Interior Features

    Basement None Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 15

    Property Features

    Age 91-100 Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Gross Income 54180 Insurance Expense 2350 Net Operating Income 38758 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 1993 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 9572.5 Tax Year 2019 Total Numberof Unitsin Building 3 Township Lake Type Two To Four Units Water Source Lake Michigan

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Core Realty & Investments, Inc.


    © 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 2021-09-23T22:01:14.78 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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