2718 W Winnemac Avenue
Chicago, IL 60625
- 9 beds
- 3 baths
- – sqft
- 4,125 sqft lot
- 1921 build
- – on site
Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1,396,800. Rental rates are quoted at pro-forma rental amounts.
Listing courtesy of MRED / Main Street Real Estate Group as distributed by MLS GRID
Last checked:
Checking…
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Last updated Dec 8, 2024
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MLS# 12203499 —
The Building
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Year Built:1921
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Rebuilt:No
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New Construction:false
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Basement:Full
Interior
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Rooms Total:15
Location
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Directions:Take Western Ave north to Lawrence Ave, then west to California Ave, then north to Winnemac Ave then east to 2712
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Location:85813
The Property
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Parcel Number:13124040330000
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Property Type:Residential Income
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Lot Size Dimensions:33X125
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (847) 431-6222
- Office phone:
- (773) 799-8042
Taxes
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Tax Year:2023
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Tax Annual Amount:14142
Beds
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Bedrooms Total:9
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Bedrooms Possible:9
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Radiator(s)
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan, Public
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Parking
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Parking Total:3
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Garage Type:Detached
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Garage Spaces:3
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Garage Onsite:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/2/24
Dec 2, 2024
|
Relisted | MRED | $1,150,000 | |
11/14/24
Nov 14, 2024
|
Pending | MRED | $1,150,000 | |
11/4/24
Nov 4, 2024
|
Listed / Active | MRED | $1,150,000 |