
1260 W Winnemac Ave Chicago, IL 60640
Little Vietnam NeighborhoodEstimated payment $10,101/month
Highlights
- 1 Fireplace
- Hot Water Heating System
- 2-minute walk to Carmen Park
- Forced Air Heating and Cooling System
About This Home
Generational Opportunity to Purchase a South Andersonville Brick and Stone Multi-Family Residential Property with a Move-In Ready Owner's Three Bedroom 2 Bath Triplex Unit with Four Additional Income Producing Rental Apartments located in the City of Chicago ADU Pilot Program for additional permitted rental unit!!!! Oversized Lot with 2 Car Garage and Additional Carport for easy come and go!!!!! Owner's Unit contains gas forced air/central air, modern open floorplan with breakfast island, dining room, living room and private deck on the main level. The gourmet kitchen includes oversized Thermador stainless steel refrigerator, range and hood appliances!!! There are 2 Bedrooms on upper level with jacuzzi tub and separate shower and on the lower level there is a large family room, additional bedroom, full bathroom and owner's laundry room. Included with the sale are four additional apartments consisting of 2 Two Bedroom One Bathroom and 2 One Bedroom One Bathroom apartments with all current leases set to expire for opportunity to increase rental rates!!! The location for this property is 10 out of 10 with walking distance to the Andersonville Shopping and Nightlife Corridor, Argyle Red Line Train Stops, Aragon and Riviera Entertainment Venues and the Lakefront and Foster Beach!!!! Common areas include an expansive basement with Tenant's Coin Laundry Room and access to mechanicals!!! There is an additional vacant Live/Work space with separate entryway for the Owner...see remarks!!!! A little TLC to the apartments would substantially increase the rent roll for the property benefiting the next owner!!! Operate this property as an Owner Occupied Investment or operate as a full rental asset to obtain substantial income in this very high Tenant demand rental location!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,861
Year Built
- Built in 1900
Lot Details
- 5,440 Sq Ft Lot
- Lot Dimensions are 40x136
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- 2-Story Property
- 1 Fireplace
Utilities
- Forced Air Heating and Cooling System
- Hot Water Heating System
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $960
- Fuel Expense $4,000
- Insurance Expense $4,800
- Trash Expense $1,800
- Water Sewer Expense $3,600
- Operating Expense $31,421
- Gross Income $68,940
- Net Operating Income $37,519
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/26/2025 06/26/25 | Price Changed | $1,599,000 | -3.1% | -- |
04/11/2025 04/11/25 | Price Changed | $1,649,900 | -5.7% | -- |
03/23/2025 03/23/25 | For Sale | $1,749,900 | -- | -- |
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Source: Midwest Real Estate Data (MRED)
MLS Number: 12319081

APN: 14083080420000
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