2537 North Wayne Avenue, Chicago, IL

$1,775,000

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11

Beds

8

Baths

About 2537 North Wayne Avenue

FULLY RENOVATED 4 UNIT INVESTMENT PROPERTY. AAA+++ LINCOLN PARK LOCATION. 2022 GROSS INCOME $145,200, $108K NOI, 6.11 CAP & 12.22 GRM. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. MULTIPLE PROPERTY PINS WERE COMBINED INTO SINGLE PIN IN 2020. UPCOMING TAX ASSESSMENT FOR 2021 WENT DOWN 4.94%. ALL APT. RENTS LEASED INTO 2023. ALL UNITS RECENTLY UPDATED INCLUDING LARGE UPDATED KITCHENS AND BATHS. EACH UNIT HAS CENTRAL HEAT/AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT. EACH INCLUDES A TWO-LEVEL LAYOUT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO DEEDED PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH INCOME GROWTH POTENTIAL. REQUIRE 48 HOURS NOTICE. TRANSFERRABLE BASEMENT WATERPROOFING ON NORTH WALL IN 2020. NEW ROOF TEAR OFF/REPLACEMENT IN APRIL 2022. REQUIRE 48 HOURS NOTICE.

Features of 2537 North Wayne Avenue

MLS® # 11310728
Price $1,775,000
Bedrooms 11
Bathrooms 8.00
Acres 0.00
Type Residential Income
Sub-Type Two to Four Units
Status Active

Tax Information

Taxes $29,061
Tax Year 2020

Community Information

Address 2537 North Wayne Avenue
Area CHI - Lincoln Park
City Chicago
County Cook
State IL
Zip Code 60614

Amenities

Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Full

Exterior

Exterior Frame

School Information

District 299

Additional Information

Days on Market 124
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Office@properties Christie's International Real Estate

Listing Map

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