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Any Beds
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27 Properties Within 0.5 miles of: 6863 N Northwest, Chicago

6863 N Northwest Unit 3A
Chicago, IL 60631

  • 2 Beds
  • 1 Baths
  • 900 Sq. Ft.
  • Built In 1968
Price

$155,000

Taxes
$3,009  
Assessments
$376  
Beds
2  
Baths
1  
Rooms
5  
Type
Attached  
Sq. Ft.
900  
Built
1968  
Neighborhood
Edison Park  
MLS
#10554576
Status
Sold (12/2/2019)

Property Description

Welcome home to a stunningly rehabbed, top floor, corner unit condominium with a balcony facing Northwest Highway. Walk into a sun drenched unit dotted with north, east and west windows for that natural, crisp sunlight exposure accentuated by a functional floor plan. The living room refreshingly opens up to a balcony and it is a perfect place to unwind. The living room opens to a beautiful kitchen area with white, soft close cabinetry, an impressive counter-top, s/s appliances and awesome marble-looking floor tiles. Each bedroom is very spacious and it boasts huge closets; this unit has three additional closets for extra space too - plus a storage facility in the basement. Then head to a refreshing bathroom with its stunning tile work. As we all know, the area is phenomenal: walk a few blocks west to downtown Park Ridge or walk a few blocks east to Edison Park, and enjoy the lively scene! Rentals OK! Pets OK! A 10! The following section consists of additional, detailed and pertinent information. MONTHLY HOA DUES: The HOA dues are $376 per month. However, you only pay for electricity and cable/internet. There are no proposed special assessments. The current owner just paid a special assessment and this covered a new roof for the building. This is a top floor unit, and all top floor units need to be purchased with caution due to possible roof issues, but, rest assured, this roof is about 2 months old. There is also discussion among the unit owners to lower the monthly HOA bill but nothing is set in stone. PROPERTY TAXES: The current, 2018 property tax bill is $3,009 per year. However, there is no homeowner's exemption on this property. Your property tax bill will be about $678 less with a homeowner's exemption, which will reduce your property tax bill from $3,009 per year to about $2,331 per year. More so, the seller also filed a property tax appeal at the Cook County Assessor's Office. The new assessed value should be $11,950, which would further reduce the property tax bill currently at $3,009 per year to approximately $2,360 per year. Then, with a homeowner's exemption, it will further reduce the property tax bill from approximately $2,360 per year to approximately $1,682 per year. Please keep in mind that we will receive the official results from the Cook County Assessor's Office in about two (2) months from now. PARKING: Presently, this unit does not come with an assigned parking space but this unit will indeed come with an assigned parking space. We are third in line for an assigned, rear parking spot. You will receive an assigned, numbered, rear parking spot in about 18-24 months (95% chance). In the time being, there is a ton of street parking in front of the building on Northwest Highway and one block south on Olmstead Avenue. There is no extra charge for this soon-to-be assigned parking space. This assigned, rear parking spot will be yours to keep until you sell the unit. RENTALS: You can rent this unit! The Association allows up to four (4) units to be rented. Presently, only one (1) unit is rented. Your prospective tenant will need a 680+ FICO score, per HOA rules, and the tenant will need to be approved by the Association. You can easily rent this particular unit for about $1,500 per month and, hence, capture $18,000 in gross rental income per year. Rental comparables can be proven at MLS #10276197 ($1,525) or MLS #10302315 ($1,550). LAUNDRY: There is also a coin-operated washer ($1) and dryer ($1) in the basement. The listing agent is related to the owner.

Property Map

Property Details

Interior Features

Room
Level
Flooring
Size
Living Room
3rd
Vinyl
19x12
Kitchen
3rd
Ceramic Tile
11x8
Bedroom (master)
3rd
Vinyl
12x12
Bedroom (2nd)
3rd
Vinyl
11x10
Breakfast Rm
3rd
Vinyl
12x8

Utilities

  • Heating Gas, Hot Water/Steam, Radiant
  • Cooling 1 (Window/Wall Unit)
  • Water Lake Michigan
  • Sewer Sewer-Public

Additional Information

Assessment Includes
Heat, Water, Gas, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Interior Features
Wood Laminate Floors, Storage
Exterior Features
Balcony
Common Amenities
Coin Laundry, Storage, Security Door Locks
Appliances
Microwave, Dishwasher, Refrigerator, All Stainless Steel Kitchen Appliances
Pets Allowed
Cats OK, Dogs OK, Pet Count Limitation, Pet Weight Limitation
Parking
Assigned Spaces, Off Street, Owned

Payment Calculator

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Principal & Interest
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Listing History

10-22-2019 Listed at $159,900
10-24-2019 Status changed to Under Contract
12-02-2019 Status changed to Closed
12-02-2019 Sold at $155,000
Last Modified 12/2/19 1:21 PM

Nearby Transportation

  • Bus 209 < 0.1 mi
  • Bus 209 < 0.1 mi
  • Bus 68 < 0.1 mi
  • Bus 290 0.4 mi
  • Bus 290 0.4 mi
  • Bus 241 0.6 mi
  • Bus 241 0.6 mi
  • Bus 88 0.6 mi
  • Bus 423 0.7 mi
  • Bus 423 0.7 mi
  • Bus 411 0.8 mi
  • Bus 270 1.0 mi
  • Bus 270 1.0 mi
  • Bus 240 1.1 mi
  • Bus 240 1.1 mi
  • Union Pacific Northwest 0.3 mi
  • I 90 West 1.5 mi
  • I 90 East 1.6 mi
  • I 294 North 2.4 mi
  • I 190 West 2.5 mi
  • I 294 South 2.5 mi
  • I 190 East 2.6 mi
  • Hwy 12 3.4 mi
  • Hwy 45 3.4 mi
  • I 94 East 3.5 mi
  • I 94 West 3.6 mi
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