Urban Real Estate
$0 to $5,000,000
3+ Beds
Any Baths
For Sale
9 Properties In Neighborhood: Wrigleyville
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1151 W Waveland
Chicago, IL 60613

  • 10 Beds
  • Built In 1920
Price

$1,350,000

Taxes
$16,847  
Beds
10  
Rooms
21  
Type
Multi Unit  
Sq. Ft.
n/a  
Lot Size
25X126  
Built
1920  
Neighborhoods
Lakeview, Wrigleyville  
MLS
#10528295
Status
Active (73 days)

Property Description

BRICK 4-UNIT BUILDING in an A+ LOCATION in the HEART OF WRIGLEYVILLE! This building is a money making machine! With current approximate rents of over $127,800 per year and a 7.4 CAP Rate! All units are large and have recently updated kitchens and baths and building has a new roof installed in 2019. Unit 2 is a licensed AirBnb and generates $48,000 in yearly income alone! AirBnB applications are pending on remaining units with estimated potential gross rents of $184,000 per year or more. Garage is rented via Spot Hero and generates on average $750 per month and could be turned into outdoor space parking to increase the number of rentable spaces and further increase revenues from parking. Great management company in place already for the building and AirBnB rentals and they would remain in charge of building is so desired. Fantastic location! Steps from restaurants, shopping, Wrigley and just 3 Blocks to the Redline "L" and a short distance to the Lakefront and express bus to downtown you can't have a more easy-to-rent location than this! All units are currently furnished and furnishings would be included. Private, gated backyard and on-site laundry! Great turnkey investment owned by long-term owner wishing to retire from business.

Property Map

Property Details

Utilities

  • Heating Gas, Forced Air, Hot Water/Steam, 2+ Sep Heating Systems
  • Cooling
  • Water Lake Michigan, Public
  • Sewer Sewer-Public

Additional Information

Parking
Garage Door Opener(s), Garage On Site, Owned
Schools
Lake View High School, Blaine Elementary School, Blaine Elementary School

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

09-24-2019 Listed at $1,350,000
Last Modified 10/1/19 4:30 PM

Nearby Transportation

  • Bus 22 0.1 mi
  • Bus 779 0.1 mi
  • Bus 152 0.1 mi
  • Bus 151 0.4 mi
  • Bus 80 0.4 mi
  • Bus X9 0.4 mi
  • Bus 9 0.5 mi
  • Bus 8 0.5 mi
  • Bus 36 0.5 mi
  • Bus 77 0.6 mi
  • Bus 148 0.6 mi
  • Bus 135 0.6 mi
  • Bus 11 0.7 mi
  • Bus 146 0.7 mi
  • Bus 156 0.8 mi
  • Red Line 0.3 mi
  • Purple Line 0.4 mi
  • Brown Line 0.4 mi
  • Divvy 0.2 mi
  • ZipCar 0.1 mi
  • I 90 West 2.0 mi
  • I 94 West 2.0 mi
  • I 90 East 2.1 mi
  • I 94 East 2.1 mi
  • I 290 West 5.0 mi
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