Beautiful Classic Chicago brick and LEGAL 3-Unit building. Located between Jefferson Park, Edgebrook and Norwood Park and near Edison Park and Sauganash. Enjoy the best of Chicago's Northside. This lovely 3-Unit building has been rehabbed and refurbished to for today's buyers and/or savvy investors. This 3,750 sq. ft. lot features wonderful brick build and a 2-car garage with alley access. Many updates throughout this property from the last 5-7 years. Recent exterior updates include new fence and gates, new rear concrete, recently maintained/updated building roof top, recently maintained/updated garage roof including new truss system in the garage, new garage door, new gutters, brick tuck pointing, new front lawn. The main sewer from the building to the street was cleaned out, repaired, and a sewer back flow system was installed. New water heater, refurbished broiler, recently replaced appliances, hallways completely painted and new led lights, newer vinyl windows with new window casings, and 4 all new electric meters, 4 electrical panels, and new electrical wiring throughout much of the building. The basement is a 2 bedroom and 1 bathroom unit mostly updated. The basement is rented for $1050/mo. and tenant pays electric. Basement is currently month-to-month. The first floor is a 2 bedroom and 1 bathroom unit which is completely updated and rented for $1550/mo. and tenant pays electric. First floor currently expires April 30 2022. The second floor is a 2 bedroom and 1 bathroom unit, which is mostly updated but could use a newer kitchen at some point in the future. The second-floor unit rents for $1500/mo. and tenant pays electric. Second floor currently expires May 30 2022. The garage contains 2 spaces and currently rents for $250/mo. The coin laundry are owned by the seller and generate $200/mo. The landlord pays common area electric, building water including trash, building gas, and property taxes. 2020 property taxes were $7,909.64 with no property tax exemptions currently received. The property electrical has mostly been updated and approved by the City of Chicago. The building does have a total of six (6) outstanding electrical violations and the seller has been working with the City of Chicago to resolve them. The Seller has received a detailed proposal for $6050 to resolve the violations which includes the permits and reinspection costs. Additionally, a quote for $2500 to resolve any construction related work associated to the violations work. All paperwork is in possession and can be verified. Seller will provide the buyer $8550 for such repairs. The current owner lives in another state and is unable to watch over the work. Additionally, the units are fully occupied making the work difficult to complete. With the lease expirations nearing it will be an ideal time to complete the work and resolve the violations and provide any personal touches desired to the units. Also note, all previous plumbing violations have been repaired and approved by the City of Chicago.
