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2019 N Spaulding Avenue

Chicago, IL 60647
  • $949,999
  • STATUS: Active
  • ON SITE: 52 days
  • MLS #: 11112797
UPDATED: 42 min ago
$949,999
  • 9
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:
299

Description

A rarely available gem of a property- 4 flat on an oversized lot in highly saught after booming Logan Square neighborhood, which is a tremendous location close to blue line train, the highway and plenty of amenities like shops, restaurants, and nightlife. Perfect for an owner occupant seeking to combine units and offset debt service with rental income OR an armchair investor looking for their next property, or even a developer looking to convert to condos. Property is on a curb cut to the south, which allows for more natural light and distance from neighbors. As the building has been in the family for several decades, it has been maintained meticulously, yet owners were still careful to preserve the charming vintage features from the original woodwork to the hardware and much more. Units features large and spacious floor plans, oak and maple floors throughout, high ceilings and the potential to do a bit of updating so as to strike the perfect balance between vintage and modern - a very appealing trend. 2.5 Car detached garage in the rear for added parking or creative use which has its own breaker box. Roof is rubber bitmozed and was a complete tear off 6 years ago. Windows are original. Tuckpointing was done 7 years ago. The electric was totally redone 10 years ago and copper plumbing was also done 10 years ago. There are 3 gas meters (basement tied to floor 1), and 4 electric meters. 3 Water tanks, which were replaced 2 years ago. New cement foundation applied near garage and surrounding walkways. Underground sprinkler system with 3 zones controlled by remote. Property has visual security system which could be negotiable with the sale. Garden unit consists of a 3 bed 1 bath and is rented MTM long term to a family member for $1,000. All additional units are 2 bed 1 bath. Unit 1 is the owners unit, unit 2 is rented long term MTM for $1,110 and unit 3 is rented to family MTM for $1,000. ** Owners have family and long term tenants in the building so please be mindful that a minimum 60 day post close for full possession of the building would be requested.** *Neither broker nor owners represents the legality of the garden unit, however with Chicago's new ordinance regarding Accessory Dwelling Units (ADU's), the potential exists to legally convert by adding a second egress*

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-28T20:52:43.053 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2019 N Spaulding Avenue Chicago, IL 60647

  • Price: $949,999
  • Status: Active
  • Updated: 42 min ago
  • MLS #: 11112797
9
Beds
0
Baths
0
½ Baths
0.1
Acres
1915
Built
Neighborhood:
Chi - Logan Square
County:
Cook
Area:
Chi - Logan Square
School District:
299
Property Description
A rarely available gem of a property- 4 flat on an oversized lot in highly saught after booming Logan Square neighborhood, which is a tremendous location close to blue line train, the highway and plenty of amenities like shops, restaurants, and nightlife. Perfect for an owner occupant seeking to combine units and offset debt service with rental income OR an armchair investor looking for their next property, or even a developer looking to convert to condos. Property is on a curb cut to the south, which allows for more natural light and distance from neighbors. As the building has been in the family for several decades, it has been maintained meticulously, yet owners were still careful to preserve the charming vintage features from the original woodwork to the hardware and much more. Units features large and spacious floor plans, oak and maple floors throughout, high ceilings and the potential to do a bit of updating so as to strike the perfect balance between vintage and modern - a very appealing trend. 2.5 Car detached garage in the rear for added parking or creative use which has its own breaker box. Roof is rubber bitmozed and was a complete tear off 6 years ago. Windows are original. Tuckpointing was done 7 years ago. The electric was totally redone 10 years ago and copper plumbing was also done 10 years ago. There are 3 gas meters (basement tied to floor 1), and 4 electric meters. 3 Water tanks, which were replaced 2 years ago. New cement foundation applied near garage and surrounding walkways. Underground sprinkler system with 3 zones controlled by remote. Property has visual security system which could be negotiable with the sale. Garden unit consists of a 3 bed 1 bath and is rented MTM long term to a family member for $1,000. All additional units are 2 bed 1 bath. Unit 1 is the owners unit, unit 2 is rented long term MTM for $1,110 and unit 3 is rented to family MTM for $1,000. ** Owners have family and long term tenants in the building so please be mindful that a minimum 60 day post close for full possession of the building would be requested.** *Neither broker nor owners represents the legality of the garden unit, however with Chicago's new ordinance regarding Accessory Dwelling Units (ADU's), the potential exists to legally convert by adding a second egress*
Exterior Features

Exterior Building Type Brick Exterior Features Stamped Concrete Patio Foundation Details Concrete Perimeter Garage On Site Yes Garage Ownership Owned Garage Type Detached Is Parking Includedin Price Yes Number Of Cars 3 Parking Garage Roof Rubber Unit1 Floor Level G Unit2 Floor Level 1 Unit3 Floor Level 2 Unit4 Floor Level 3 Waterfront YN No

Interior Features

3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorDishwasherMicrowaveCentral Air ConditionerCooktopOven/Built-In Appliances Features Unit2 StoveRefrigeratorDishwasherMicrowaveCentral Air ConditionerCooktopOven/Built-In Appliances Features Unit3 StoveRefrigeratorDishwasherMicrowaveCentral Air ConditionerCooktopOven/Built-In Appliances Features Unit4 StoveRefrigeratorDishwasherMicrowaveCentral Air ConditionerCooktopOven/Built-In Basement Full Basement Description Finished Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 9 Full Baths In Building 4 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 0 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 1 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 2 Number Of Rooms Unit4 5 Rooms Total 17

Property Features

Age Description 100+ Years Built Before1978 YN Yes Community Features ParkSidewalks Corporate Limits Chicago Fuel Expense 0 General Information Commuter BusCommuter TrainInterstate Access Gross Income 3100 Insurance Expense 3000 Lease Exp Date Mo Yr Unit1 Mtm Lease Exp Date Mo Yr Unit2 N/A Lease Exp Date Mo Yr Unit3 Mtm Lease Exp Date Mo Yr Unit4 Mtm Lot Size Less Than .25 Acre Lot Size Dimensions 3438 Net Operating Income 23883 New Construction YN No Property Sub Type 3 Flat Rebuilt YN No Rehab YN No Security Deposit Unit1 0 Security Deposit Unit2 0 Security Deposit Unit3 0 Security Deposit Unit4 0 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 5356.57 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Tenant Pays Unit4 ElectricGasHeat Total Rental Income 3100 Unit1 Rent 1000 Unit2 Rent 0 Unit3 Rent 1100 Unit4 Rent 1000 Water Sewer Expense 3600 Water Source Lake MichiganPublic

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Kale Realty.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-28T20:52:43.053 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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