Beds8
Baths4
On Site63 days
Year1905
Derek Light
(312) 545-1030
Status:
Pending - Under Contract
Property Type:Multi Family- 2-4 Units
MLS #:11746374
On Site:63 Days
County:Cook
Welcome to this remarkable 3-unit all-brick building situated on a large lot in the desirable Andersonville neighborhood of Chicago. The building has fully occupied units, this property offers large floor plans, hardwood floors, coffered ceilings, and individual HVAC in each unit. There is also a coin-operated laundry on-site and a great amount of additional storage for tenant use. With plenty of upgrade potential, this property presents a great opportunity for a savvy investor to add value and increase rents. The property is located in the Chicago ADU zone, which provides the option to create another dwelling unit, making it a great investment for those looking to expand their portfolio. A 2-car garage is also available for tenant use and additional income. Currently rented below market rates, this property offers great income potential, making it an opportunity not to be missed!
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Community Information
Address:1465 W Olive Ave, Chicago, IL 60660
Area:Edgewater
County:Cook
City:Chicago
School District:299
Township:Lake View
Zip Code:60660
Architecture
Bedrooms:
8
Bathrooms:
4
Year Built:1905
Exterior Construction Type: Brick
Total # Units in Building: 3
Age Range: 100+ Years
Basement: Partially Finished
Basement Type: Full
Garage Type: Detached
Attached Garage: Yes
Garage Ownership: Owned
Parking: Garage
Features / Amenities
Cars: 2
Garage Spaces: 2
Heat Source / Type: Natural Gas, Forced Air
Total Rooms:19
Property Features
Lot Dimensions:Less Than .25 Acre
Sewer: Public Sewer
Water: Lake Michigan
Directions:Go east on W Bryn Mawr from the intersection of W Bryn Mawr and N Clark St. Go North on N Glenwood Ave and west on W Olive Ave.
Tax and Financial Info
Tax Year: 2021
Tax Annual Amount: $14,277
Ownership: Fee Simple
Water / Sewer Expense: $1,265
Maintenance Expense: $2,500
Fuel Expense: $2,866
Electric Expense: $1,325
Insurance Expense: $2,197
Contingency: Attorney/Inspection
Gross Income: $61,500
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1465 W Olive Ave Chicago, IL 60660
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Listing provided courtesy of Essex 312, LLC.Listings courtesy of MRED MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of May 29, 2023 8:00 AM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Properties displayed may be listed or sold by various participants in the MLS
