Eco Friendly
Address
2417 W Fullerton Avenue Chicago, IL
Price
$ 1,575,000
Property Attributes
  • MLS#10829128
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Logan Square
  • NeighborhoodLogan Square
  • Zip60647
  • StyleMulti-Family
  • Year Built1894
  • Taxes16307
  • Price$ 1,575,000
  • Bedrooms18
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Ask Nagel
Property Description

This All Brick Center Entrance 6 Flat Was Gut Rehabbed in 2013. This Property Enjoys A Massive 50x155 Lot In Logan Square / Bucktown Just 5 Blocks To The Western / Cortland Blue Line Stop That Is Exploding W/ Development. This property is a Cash Machine With $10,975 in monthly Rent. At Full list price this is a 6.8% cap rate building, that cash flows $3,103 per month or 9.46 % cash on cash. Add this is using 4.25% when the current rate quoted was 4 and 1/8 from Blueleaf Lending. See attached Proforma P&L in Additional Info Or Upon Request. Building Is Nearly Fully Rented With One Unit Vacant To Facilitate Safe Showing, & Enjoys Excellent Cash Flow Despite Having Below Market Rents. Needless To Say That There Is New Development All Around This Location In Literally Every Direction W/ Lots Of Potential For The Neighborhood & Rents To Further Improve. Adjacent Lot Has New Construction "Gateway To Logan" Project Well Underway That Includes 21 Luxury Condos + Two 1st Floor Commercial Spaces Further Improving Expected Rents & Rental Parking Opportunity. Bonus Exit Development Strat As This 50x155 B3-2 Property Is Sandwiched Between B3-3 Zoning On Each Side So Potential Is Enormous, & Additional B3-3 Condo At 2509 W Western Down The Street. Gut Rehabbed In 2013, All The Units Are 3 Bed 1 Bath, Nearly Identical To Each Other Ideal For Easy Marketing & Management, & 12/18 BR's Comfortably Fit Queen Beds. These Apartments Enjoy Near Condo Quality Level Finishes Including 3 Front Bay Windows That Drench The Units In Light, Gas Forced Heat, Central AC, & Hardwood Floors Throughout. The Kitchens Enjoy All Stainless Steel Appliances, Granite Counter Tops, & Mocha Colored Contemporary Cabinets. Fully Rehabbed Baths W/ Stone & Glass Tile, Glass Shower Door, Contemporary vanities W/ Granite Counters, SS Faucets, & Modern Lighting. Each Unit Has Access To Massive Newer Back Deck With Shared Yard For Grilling & Relaxing. 4 Car Garage & Basement Coin Operated Laundry Provide Additional Rental Income & Storage. Ultra-Convenient Location W/ Easy Access To 90/94 Expressway, 5 Blocks To Western Blue. Surrounded By Renowned Logan Square Dining & Entertainment Options. Some Of The Local Hangouts Include: Quenchers, Logan Arcade, Wonder Chop, Chef's Special, Radler, Revolution Brewery, Longman & Eagle And So Much More! See attachments: Proforma P&L, & Survey.

Price History
8/24/2020 Listed $1,575,000

General Features

Property Type Multi Family 5+
Property Type Commercial Sale
Roof Rubber
Standard Status Active
Zoning MULTI

Interior Features

Basement None

Exterior Features

Exterior Brick
Lot Dimensions 50X155

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60647

Price
AVG $760K
$1.58M
Taxes
AVG $9,378
$16,307
Visits
AVG 49
65
Year Built
AVG 1909
1894
Walkscore
AVG 90
94
Data Provided by Walkscore ® not using MLS data