1062 W Columbia Ave Chicago, IL 60626
Rogers Park NeighborhoodEstimated payment $10,291/month
Total Views
251
15
Beds
8
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Water Views
- Deck
- Paved or Partially Paved Lot
- Community Lake
- Porch
- 4-minute walk to Tobey Prinz Beach Park
About This Home
Amazing opportunity to own an oversized 4-unit building on a dead-end street. The building sits on a 37 x 175 lot that is 100 feet from a public beach on Lake Michigan (here the waves crash from the back decks). Just steps off Loyola Campus-easy access to the Metra, L train, and Lake Shore Drive. Lease dates-Garden Mnoth to month @ 2425; unit 1-8/26 @ 3950; unit 2 - 2/28/26 @ 3750; unit 3 - 10/25 @ 3750. 166500 in rent a year. Units can be upgraded-tons of room for the rents to grow. All the units have full kitchens, in-unit laundry, forced heat, and central AC. large bedrooms and a large common family room. Units 1 to 3 have back decks. Parking in the back for up to 8 (tandem parking). All brick building. The owner covers electricity and heat with the rent. (legal 4 units w. all the elcectirc and gas seperate - owner pays them as part of rent) Gas for 2024 was 6915; electric for 24 was 7096; 2024 water was approx. 3k; 24 insurance was 5306- No garbage fees. 126k net after all expenses. The roof was changed in 2024, and all the mechanicals have been updated since 2021. Look at addition tab for info plus cap rate sheet (7.8% true cap rate)
Listing Agent
Jameson Sotheby's Int'l Realty License #471009697 Listed on: 08/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,874
Year Built
- Built in 1950 | Remodeled in 2016
Lot Details
- Lot Dimensions are 37.5x175
- Paved or Partially Paved Lot
- Additional Parcels
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Potential Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- Assigned Parking
Outdoor Features
- Deck
- Porch
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Water Views
- Partial Basement
Community Details
Overview
- 4 Units
- Community Lake
Building Details
- Electric Expense $7,096
- Fuel Expense $6,915
- Insurance Expense $5,306
- Water Sewer Expense $3,000
- Gross Income $166,500
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Off Market | $1,600,000 | -- | -- |
| 08/14/2025 08/14/25 | Pending | -- | -- | -- |
| 08/13/2025 08/13/25 | For Sale | $1,600,000 | +60.0% | -- |
| 02/29/2016 02/29/16 | Sold | $1,000,025 | 0.0% | -- |
| 01/29/2016 01/29/16 | Off Market | $1,000,025 | -- | -- |
| 01/16/2016 01/16/16 | For Sale | $1,100,000 | +10.0% | -- |
| 01/02/2016 01/02/16 | Off Market | $1,000,025 | -- | -- |
| 08/09/2015 08/09/15 | For Sale | $1,100,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12432702
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