736 N Spaulding Avenue, Chicago, IL 60624
Listed by Matthew Shrakeof Coldwell Banker Realty
Bought with Patrick Dodd of Keller Williams ONEChicago

$600,000

Est. payment /mo

$575,000

4.3%
Est.Price: ?

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736 N Spaulding Avenue Chicago, IL 60624

4,956 SqFt

SOLD DATE : 03/21/2024

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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Sergio Hernandez
Sergio Hernandez

Agent

+1(773) 799-6647 | sergio@sergiowillsellit.com

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