Skip To Content

2537 N Wayne Avenue

Chicago, IL 60614
  • $1,775,000
  • STATUS: Active
  • ON SITE: 114 Days
  • MLS #: 11310728
UPDATED: 209 min ago
$1,775,000
  • 11
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Parking Space
County:

School Ratings & Info

School District:
299

Description

FULLY RENOVATED 4 UNIT INVESTMENT PROPERTY. AAA+++ LINCOLN PARK LOCATION. GROSS INCOME $142,800, $106K NOI, 5.97 CAP & 12.43 GRM. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. MULTIPLE PROPERTY PINS WERE COMBINED INTO SINGLE PIN IN 2020. UPCOMING TAX ASSESSMENT FOR 2021 WENT DOWN 4.94%. ALL UNITS RECENTLY UPDATED INCLUDING LARGE UPDATED KITCHENS AND BATHS. EACH UNIT HAS CENTRAL HEAT/AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT. EACH INCLUDES A TWO-LEVEL LAYOUT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO DEEDED PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH INCOME GROWTH POTENTIAL. TRANSFERRABLE BASEMENT WATERPROOFING ON NORTH WALL IN 2020. NEW ROOF TEAR OFF/REPLACEMENT IN APRIL 2022. REQUIRE 48 HOURS NOTICE.

Monthly Payment Calculator



© 2022 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 2022-05-19T23:59:08.03 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/125037550
Print Image

2537 N Wayne Avenue Chicago, IL 60614

  • Price: $1,775,000
  • Status: Active
  • On Site: 114 Days
  • Updated: 209 min ago
  • MLS #: 11310728
11
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Lincoln Park
County:
Cook
Area:
Chi - Lincoln Park
School District:
299
Property Description
FULLY RENOVATED 4 UNIT INVESTMENT PROPERTY. AAA+++ LINCOLN PARK LOCATION. GROSS INCOME $142,800, $106K NOI, 5.97 CAP & 12.43 GRM. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. MULTIPLE PROPERTY PINS WERE COMBINED INTO SINGLE PIN IN 2020. UPCOMING TAX ASSESSMENT FOR 2021 WENT DOWN 4.94%. ALL UNITS RECENTLY UPDATED INCLUDING LARGE UPDATED KITCHENS AND BATHS. EACH UNIT HAS CENTRAL HEAT/AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT. EACH INCLUDES A TWO-LEVEL LAYOUT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO DEEDED PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH INCOME GROWTH POTENTIAL. TRANSFERRABLE BASEMENT WATERPROOFING ON NORTH WALL IN 2020. NEW ROOF TEAR OFF/REPLACEMENT IN APRIL 2022. REQUIRE 48 HOURS NOTICE.
Exterior Features

Exterior Building Type Frame Is Parking Included In Price Yes Lot Size Standard Chicago Lot Multi Family Type 4 Flat Parking Details Space/S Parking Onsite Yes Parking Ownership Deeded Sold Separately Parking Total 2 Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 11 Full Baths In Building 8 Half Baths In Building 0 Heating Natural Gas Rooms Total 19

Property Features

Age Unknown Built Before1978 YN Yes Corporate Limits Chicago General Information None Gross Income 142800 Mls Actual Status Active Net Operating Income 105988 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2020 Sewer Public SewerSewer-Storm Special Listing Conditions List Broker Must Accompany Tax Annual Amount 29060.69 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 142800 Township Lake View Type Two To Four Units Water Source Lake MichiganPublic Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Christie's International Real Estate.


© 2022 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 2022-05-19T23:59:08.03 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_2_11310728-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11310728-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11310728-1.jpg
Logo
John Lyons Real Estate | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60614