NOT LISTED FOR SALE

1261 W Ardmore Ave Chicago, IL 60660

Edgewater Neighborhood
6 Beds
4 Baths
-- Sq Ft
1909 Built

Last Sold October 22, 2021

Last sale price $879,000

24 Days on Market

Highlights

  • Enclosed patio or porch
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • Intercom
  • Multiple Water Heaters
  • 4-minute walk to Broadway Armory Park

About This Home

As of October 2021

Become the proud owner of this stately, one-of-a-kind center entry 4-unit building in the lovely Magnolia Glen enclave of Edgewater. Incredible investor opportunity in a building that has never had a vacancy in 21 years. Great cash flow and wonderful tenants! Located on a quiet tree-lined street of many single-family homes, this well-maintained building is within walking distance to the Red Line, the beach & lakefront paths, Whole Foods, Walgreens, the public library, great restaurants (Moody's Pub, Cellar Bar & Grill, Indie Cafe, Cookies & Carnitas, Mas Alla del Sol) as well as Andersonville's vibrant Clark Street strip. When not out enjoying the neighborhood, the tenants frequently socialize on the enclosed back patio. The beautiful staircase with skylight, high ceilings, gas & wood burning fireplaces, built-in hutches and hardwood floors only add to this property's European charm. Additional features include central air & heat, in-unit laundry, common laundry in basement, and large storage units for each tenant. Tenants pay gas/heat & electric. Easy street parking. Great opportunity to own a lovely building that cash flows!

Last Listed By

Dale Ziegler

33 Realty License #475122212 Listed on: 07/23/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,085

Year Built

  • Built in 1909 | Remodeled in 2002

Lot Details

  • Paved or Partially Paved Lot
  • Irregular Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $81,240
  • Net Operating Income $59,189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,085

Year Built

Built in 1909 | Remodeled in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1909
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2002
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2002

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Fireplace-Wood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Fireplace-Gas,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Fireplace-Wood,Hardwood Floors
  • Room: 5

Exterior Features

  • List Price: 869900
  • Lot Features: Irregular Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 2565 SQUARE FEET
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 59189
  • GrossIncome: 81240
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 11085
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $879,000 +1.0% --
08/17/2021 08/17/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $869,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dale Ziegler

    Seller's Agent in 2021

    Dale Ziegler

    33 Realty

    2 in this area

    7 Total Sales

    Dale Ziegler
    Section Image
  • Adele Lang

    Buyer's Agent in 2021

    Adele Lang

    Compass

    (312) 953-8327

    6 in this area

    244 Total Sales

    Adele Lang
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11166460

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60660 Edgewater

1261 W Ardmore Ave, Chicago, IL

Homes for Sale in Chicago, IL

This home is located at 1261 W Ardmore Ave, Chicago, IL 60660 since 23 July 2021. This property was built in 1909. 1261 W Ardmore Ave is a home located in Cook County with nearby schools including Senn High School, Northside Catholic Academy, and Lake Shore School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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