Chicago, IL 60614 533 W Wrightwood Avenue

Pending
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Presented By: Jameson Commercial
  • MLS# 12031132
  • 04/16/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 3
  • SQFT • 3,300

Home Details

533 W. Wrightwood Ave., located in the heart of Lincoln Park, the most sought-after neighborhood in Chicago. Located in an A+ location, this building offers (1) 2 Bedroom 2 Bath Duplex & (4) 1 Bedroom 1 Bath Units. The current owner updated three of the five units extensively with condo-quality finishes and HVAC systems. The remaining two units allow a qualified investor to create a value-add opportunity by updating the units and bringing the rents to market. The pride of ownership is shown in how meticulous and pristine the property condition is. It also boasts a high-tech door and intercom system that tenants and owners can operate via a smartphone or tablet app. The capital improvements include, but are not limited to, newer windows, electric supply, in-unit electric breakers and panels, HVACs, boiler system, and masonry work. An Offering Memorandum with more details is available upon request. **NOTE** Dramatic price drop as the seller is motivated and ready to entertain offers.
Presented By: Jameson Commercial

Interior Features for 533 W Wrightwood Avenue

Other Interior Features

Total Fireplaces1

General for 533 W Wrightwood Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air, Window Unit(s)
CountyCook
Current UseMulti-Family
Days on Market9
DirectionsWRIGHTWOOD (2600 N), EAST OF CLARK
ElectricCircuit Breakers, Service - 201 to 600 Amps
Electric Expense517
Fuel Expense2520
Gross Income85500
Insurance Expense2487
MLS AreaCHI - Lincoln Park
MaintenanceExpense1625
Net Operating Income49632
NumberOfUnitsTotal5
Operating Expense34703
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusPending
StatusPending
Stories3
Tax Annual Amount21101.1
Tax Year2022
Tenant PaysAir Conditioning, Electricity, Heat
TownshipLake View
Trash Expense0
UtilitiesSanitary Sewer, Water-Municipal
Water Sewer Expense3140
Year Built1878
ZoningMULTI

Exterior for 533 W Wrightwood Avenue

Building Area Total3300
ExteriorBrick, Stone
Frontage TypeCity Street
Lot Dimensions25' X 50'

Additional Details

Price History

Worth Clark

Price $1,100,000
MLS#12031132
List Date 04/16/2024
Property Type Pending
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