Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
19 Properties Within 0.5 miles of: 2650 W Albion, Chicago

2650 W Albion
Chicago, IL 60645

  • 7 Beds
  • 5 / 3 Baths
  • Built In 1926
Price

$1,075,000

Est Payment
$7,024 / month (details)  
Taxes
$14,937  
Beds
7  
Baths
5 / 3  
Rooms
24  
Type
Multi Unit  
Sq. Ft.
n/a  
Lot Size
101X126  
Built
1926  
Neighborhood
West Ridge  
MLS
#10806529
Status
Cancelled

Property Description

This is a once in a lifetime opportunity to own a piece of history. In 1926, the Rance brothers builders built this large, elaborate, three-flat at the corner of Albion and Washtenaw at a cost of $25,000. They intended this to be a showcase home for their potential clients. Shared by brothers Arthur H. Rance and Hubert F. Rance and their families, the three-story house boasted all of the modern conveniences, as well as a ballroom, large back yard, stables, and garages. This 3 unit showcase has not changed hands in 40 plus years. An oasis in the city this corner lot boasts over a 1/4 acre of mature trees and landscaping providing complete privacy. A stately foyer greets you complete with a magnificent fireplace and mantle. To the left is a large 1 bedroom apartment with an updated bath and lovely sunroom overlooking the garden. To the right is the "ballroom" the current owner has housed her office there in the past and now it is an Air BNB providing extra income. The ballroom is a wonderful "flex" space which could also be used as a dance studio, yoga studio... let your imagination run wild. Rumor has it Al Capone spent time in there when the ballroom was a speakeasy during Prohibition. Upstairs you will find two, 3000 plus square foot apartments which are 3 bedrooms 2.5 bath residences with grand foyers, long gallery hallways waiting for artwork, huge formal living rooms and dining rooms, breakfast rooms, and large pantries. Unit 2 offers extra living space with a solarium and private terrace which spans the entire length of the 5 car garage. This lovingly maintained building features most of its original showcase finishes from plaster crown modelings, tile imported from Italy, Chandeliers imported from Germany, original carved brass doorknobs throughout, rounded doors, leaded glass windows throughout and much much more. Conveniently located in the very popular West Ridge neighborhood this property is 20 min to OHare, 30 min. to the Loop, with public transportation nearby as well as Warren Park and lots of restaurants and the Devon shopping district. Many recent capital improvements such as a new tear-off roof in Oct 2019, a new fence in 2018, 2 new 75-gallon hot water heaters, a newer boiler, a new oven, dishwasher, and refrigerator in the 2nd-floor unit.

Property Map

Property Details

Utilities

  • Heating Gas
  • Cooling
  • Water Lake Michigan
  • Sewer Sewer-Public

Additional Information

Parking
Garage On Site, Owned

Payment Calculator

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

Listing History

08-03-2020 Listed at $1,075,000
08-17-2020 Status changed to Under Contract
08-31-2020 Status changed to Cancelled
Last Modified 8/31/20 10:43 AM

Nearby Transportation

  • Bus 93 0.1 mi
  • Bus 155 0.3 mi
  • Bus 49B 0.4 mi
  • Bus 96 0.5 mi
  • Bus 11 0.6 mi
  • Bus 82 0.7 mi
  • Bus 84 0.8 mi
  • Bus 97 1.2 mi
  • Union Pacific North 1.2 mi
  • I 94 West 2.7 mi
  • I 94 East 2.9 mi
  • I 90 West 3.7 mi
  • I 90 East 3.7 mi
grid
Register to see 0 more properties