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    2048 W Evergreen Avenue

    Chicago, IL 60622
    • $1,324,000
    • STATUS: Active
    • ON SITE: 89 days
    • MLS #: 11079680
    Price Reduced
    UPDATED: 118 min ago
    $1,324,000
    • 7
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    School District:
    299

    Description

    Completely renovated, no-expense-spared, turn-key, three (3) unit investment property for sale in the prime Wicker Park neighborhood complete with an AirBnB-ready first floor unit fully-furnished and equipped with a high-tech entertainment system and art from Chicago's famous local artists. First floor can also be used as an Owner's unit while the two three (3) bedroom / two (2) bathroom units above help pay the mortgage and earn an income. On the first floor is a one of a kind Owner's unit. Boasting 12' ceilings, original and well-maintained tin ceiling tiles, furnishings including custom artwork designed by Chicago's own Chris Knight Creations (included at no additional cost), and a state of the art smart home setup including fabulous media room, this unit is an entertainer's dream. It also doubles as a potential AirBnb rental. The second and third floor are nearly identical three (3) bedroom / two (2) bathroom layouts, each completely gut-rehabbed in premium fashion from floor to ceiling (literally). The kitchen has been appointed with luxuriously warm finishes and new stainless steel appliances. The bathrooms on the first, second and third floor each have dual vanities and luxury finishes. The units include new plumbing, electrical, gas lines, water service line, insulation (both sound and heat), drywall, roof, HVAC, and a rebuilt enclosed porch. Specifically, the kitchen includes new stainless steel appliances, granite countertops, and a convenient and easy to use coil spring neck kitchen faucet. Each bedroom can fit a king bed and have room for a small desk. The primary bedroom has access to a beautiful dual vanity and walk-in shower. The second bathroom also has an exquisite double vanity and tub. Tenants love these offerings resulting in premium rents. Dream Location - You (and / or your tenants) will be perfectly situated to enjoy Chicago's fantastic nightlife and food scene in the thriving and growing Wicker Park and Ukrainian Village neighborhoods, both of which are just steps from your front door. A 10 minute Uber / cab or just a 15 minute train ride takes you into downtown Chicago Central Business District. Most importantly, relax as a landlord / owner knowing the key structural & essential components (i.e. water heaters, HVAC, roof, electrical wiring, gas lines, plumbing, etc.) and nearly everything else in this building has been replaced or upgraded in 2018 to meet and exceed modern code and standards. Nothing significant needs to be done for years / decades. Note, these were significant cost investments of the current owner. Details: Please refer to listing broker for detailed historical property financials or of rehab and remodel project. Lease Comments: Building was leased during 2020 at below normal market levels because the owner wasn't in town to manage the re-lease. Property has opportunity for significant lease appreciation.

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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 2021-08-04T23:52:47.543 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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    2048 W Evergreen Avenue Chicago, IL 60622

    • Price: $1,324,000
    • Status: Active
    • Updated: 118 min ago
    • MLS #: 11079680
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1915
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    School District:
    299
    Property Description
    Completely renovated, no-expense-spared, turn-key, three (3) unit investment property for sale in the prime Wicker Park neighborhood complete with an AirBnB-ready first floor unit fully-furnished and equipped with a high-tech entertainment system and art from Chicago's famous local artists. First floor can also be used as an Owner's unit while the two three (3) bedroom / two (2) bathroom units above help pay the mortgage and earn an income. On the first floor is a one of a kind Owner's unit. Boasting 12' ceilings, original and well-maintained tin ceiling tiles, furnishings including custom artwork designed by Chicago's own Chris Knight Creations (included at no additional cost), and a state of the art smart home setup including fabulous media room, this unit is an entertainer's dream. It also doubles as a potential AirBnb rental. The second and third floor are nearly identical three (3) bedroom / two (2) bathroom layouts, each completely gut-rehabbed in premium fashion from floor to ceiling (literally). The kitchen has been appointed with luxuriously warm finishes and new stainless steel appliances. The bathrooms on the first, second and third floor each have dual vanities and luxury finishes. The units include new plumbing, electrical, gas lines, water service line, insulation (both sound and heat), drywall, roof, HVAC, and a rebuilt enclosed porch. Specifically, the kitchen includes new stainless steel appliances, granite countertops, and a convenient and easy to use coil spring neck kitchen faucet. Each bedroom can fit a king bed and have room for a small desk. The primary bedroom has access to a beautiful dual vanity and walk-in shower. The second bathroom also has an exquisite double vanity and tub. Tenants love these offerings resulting in premium rents. Dream Location - You (and / or your tenants) will be perfectly situated to enjoy Chicago's fantastic nightlife and food scene in the thriving and growing Wicker Park and Ukrainian Village neighborhoods, both of which are just steps from your front door. A 10 minute Uber / cab or just a 15 minute train ride takes you into downtown Chicago Central Business District. Most importantly, relax as a landlord / owner knowing the key structural & essential components (i.e. water heaters, HVAC, roof, electrical wiring, gas lines, plumbing, etc.) and nearly everything else in this building has been replaced or upgraded in 2018 to meet and exceed modern code and standards. Nothing significant needs to be done for years / decades. Note, these were significant cost investments of the current owner. Details: Please refer to listing broker for detailed historical property financials or of rehab and remodel project. Lease Comments: Building was leased during 2020 at below normal market levels because the owner wasn't in town to manage the re-lease. Property has opportunity for significant lease appreciation.
    Exterior Features

    Exterior Building Type Brick Number Of Cars 0 Parking None Unit1 Floor Level 1 Unit2 Floor Level 2 Unit3 Floor Level 3 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerHardwood Floors Appliances Features Unit2 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerHardwood Floors Appliances Features Unit3 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerHardwood Floors Basement Full Basement Description Crawl Bath Amenities Double Sink Bathrooms Total Integer 5 Bedrooms Below Grade 0 Bedrooms Possible 7 Full Baths In Building 5 Full Baths In Unit1 1 Full Baths In Unit2 2 Full Baths In Unit3 2 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 3 Number Of Bedrooms Unit3 3 Number Of Rooms Unit1 4 Number Of Rooms Unit2 7 Number Of Rooms Unit3 7 Other Equipment Ceiling Fan(S) Rooms Total 18

    Property Features

    Age Description 100+ Years Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information None Gross Income 87600 Lease Exp Date Mo Yr Unit1 06/22 Lease Exp Date Mo Yr Unit2 09/21 Lease Exp Date Mo Yr Unit3 6/21 Lot Size Less Than .25 Acre Lot Size Dimensions 26 X 61 New Construction YN No Property Sub Type 3 Flat Rebuilt YN No Rehab Year 2018 Rehab YN Yes Security Deposit Unit1 3000 Security Deposit Unit2 0 Security Deposit Unit3 0 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 17018.3 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Unit1 Rent 2300 Unit2 Rent 2500 Unit3 Rent 2500 Water Source Lake MichiganPublic Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Soloma 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 2021-08-04T23:52:47.543 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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