Chicago, IL 60618 3024 W Addison Street

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Presented By: Compass
  • MLS# 12087185
  • 09/06/2024
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 • 10,434
  • Garage • 5

Home Details

**ADDISON MALL** Impeccably maintained, turn-key, 7 unit apartment building ON WIDE (57') lot. 6 large (approximately 1,350+ SF) apartments (6-2-1) plus a basement apartment (5-1-1) with an open floor plan. Opportunity for an 8th apt in the other half of the basement to increase income? Spacious rooms, formal dining rooms, tandem unheated sleeping porch off 2nd bedroom. Newer kitchens with dishwashers. Newer rubber roof was a complete tear-off. Parapet wall rebuilt - tuckpointed. Lintels rebuilt. Newer thermopane windows. Apartments all have their own HVAC - central air. All electric has been replaced throughout the building. 5 car garage with roof access for possible deck. Legal basement apartment with open floor plan. Laundry room. Entire west 1/2 of the basement currently being used for storage - janitor's work area. Already partially built-out for an 8th apt. Previous long time carpenter/owner took impeccable care of the building and current owner has continued the tradition. Turn-key! Nothing to do but continue to operate!
Presented By: Compass

Interior Features for 3024 W Addison Street

Other Interior Features

BasementFinished, Exterior Access
Total Fireplaces6

General for 3024 W Addison Street

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Individual
CountyCook
Current UseMulti-Family
Days on Market7
DirectionsNortheast corner of Whipple and Addison. West of Sacramento
ElectricCircuit Breakers
Electric Expense959
Fuel Expense2470
Gross Income154140
Insurance Expense4241
Lot Size Square Feet6549
MLS AreaCHI - Irving Park
MaintenanceExpense
Net Operating Income120568
NumberOfUnitsTotal7
Operating Expense36212
PossessionClosing, Tenant's Rights
Possible UseCondominium
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofReflective Coating, Rubber
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount17022
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipJefferson
Trash Expense4979
Water Sewer Expense4251
Year Built1921
ZoningMULTI

Exterior for 3024 W Addison Street

Building Area Total10434
ExteriorBrick
Foundation DetailsBlock
Frontage TypeCity Street
Lot Dimensions57 X 112
Lot Size Acres0.15

Additional Details

Price History

Worth Clark

Price $1,900,000
MLS#12087185
List Date 09/06/2024
Property Type Multi-Family
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