Corcoran Urban Real Estate
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45 Properties Within 0.5 miles of: 1542 W Rosemont, Chicago
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1542 W Rosemont
Chicago, IL 60660

  • Built In 1915
Price

$1,575,000

Est Payment
$8,414 / month (details)  
Taxes
$17,753  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
50 X 135  
Built
1915  
Neighborhood
Edgewater  
MLS
#11440658
Status
Cancelled

Property Description

ATTENTION Renovators/Developers and Investors - ProForma Cap Rate 6.1! Extremely rare, limited-time opportunity to acquire this trophy property with no leases in place and mostly vacant units; this would allow for substantial renovations! While not needed, improvements would significantly increase the market rents. Also, this is a perfect condo conversion candidate! 1st floor units could be duplexed down to incorporate the high, clean dry basement! Seller willing to deliver with leases in place but offering the option. Come seize the opportunity to obtain this all brick, center-entry 6 flat beauty speaks of yesteryear era! Impeccably maintained and the cleanest building you'll find. Same family ownership for nearly 50 years which shows in the pride of how well the building is kept. Investor's dream with strong financials (6.1 CAP Rate). These apartments are super-appealing, easy-to-rent apartments that appeal to a vast population of renters. 5 of the units have newly renovated kitchens with fresh white shaker cabinets and granite countertops. All six units are 2-bedroom/one-bath. Clean, bright apartments with original hardwood floors, generous room sizes and storage galore! There are 2 different floorplans. Both are seven-room layouts with enchanting light-filled treetop sunrooms, defined living spaces with separate living rooms highlighted by decorative fireplaces flanked by built-in bookcases. Full formal dining rooms and enclosed 3 season backporches that function as additional living space or even more storage! Also, each apartment includes an enormous private storage room in the basement. High, clean, dry basement with owned coin-operated laundry. Picturesque garden with grilling and seating areas. Corner, all brick six-car garage! Property is on an over-sized corner lot on a beautiful tree-lined street in the residential Edgewater neighborhood! Near all the shops and restaurants of super-hip Andersonville within walking distance to the new Metra station coming at Peterson/Ridge!

Property Map

Property Details

Utilities

  • Heating
  • Cooling
  • Water
  • Sewer

Additional Information

Parking
6 Parking Spaces

Payment Calculator

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

Listing History

06-20-2022 Listed at $1,575,000
07-18-2022 Status changed to Cancelled
Last Modified 7/18/22 8:53 PM

Nearby Transportation

  • Bus 22 < 0.1 mi
  • Bus 151 0.1 mi
  • Bus 36 0.1 mi
  • Bus 155 0.1 mi
  • Bus 84 0.4 mi
  • Bus 0.5 mi
  • Bus 136 0.5 mi
  • Bus 147 0.5 mi
  • Bus 50 0.7 mi
  • Bus 96 0.8 mi
  • Bus 92 1.0 mi
  • Bus 49B 1.0 mi
  • Union Pacific North 0.9 mi
  • Red Line 0.5 mi
  • I 94 West 4.1 mi
  • I 94 East 4.3 mi
  • I 90 West 4.3 mi
  • I 90 East 4.3 mi
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