Bought with Patrick Dodd of Keller Williams ONEChicago
$600,000
$575,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
736 N Spaulding Avenue Chicago, IL 60624
4,956 SqFt
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,956 sqft
Price per Sqft $121
MLS Listing ID 11945528
Sold Date 03/21/24
Year Built 1905
Annual Tax Amount $5,136
Tax Year 2022
Lot Dimensions 31X125
Property Sub-Type Multi Family 5+
Property Description
Heavy attention to detail was paid when this classic Chicago greystone was gutted to the bricks and rehabbed. Tremendous floor plans, all featuring in-unit laundry, individual mechanicals and utilities, nice use of light throughout each apartment, and spacious common areas are just some examples of the benefits to an investor-owner buyer. Fully occupied building with great long-term tenants. Tear-off roof 5 years old, complete masonry overhaul 7 years old, and the rest of the gut-rehab project was done 10 years ago. New water service to the street. Convenient central Chicago location is a commuter's dream whether you work downtown or in any of the suburbs, by public transportation, car, or bicycle. 4 blocks to Kedzie Ave Metra stop (UP-W Line), 6 blocks to Kedzie Ave CTA el stop (Green Line). 4 blocks to The Hatchery Chicago, a non-profit food and beverage incubator dedicated to helping local entrepreneurs build & grow successful businesses. Some of Chicago's iconic parks are nearby, including Garfield Park and its famous Conservatory, sprawling and beautiful Humboldt Park, and the famed Chicago Boulevard system linking you to other historic neighborhoods of Chicago. Rentometer Average 2 BR/1BA Rents within 1 Mile Radius are $1,000-$1,150. ProForma NOI is $66,064 (11.5% Cap Rate).
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
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