NOT LISTED FOR SALE

1332 N Cleveland Ave Chicago, IL 60610

Old Town Neighborhood
8 Beds
7 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold April 12, 2023

Last sale price $1,450,000

4 Days on Market

Highlights

  • 3 Car Detached Garage
  • Home Security System
  • Ceiling Fan
  • Lincoln Park High School Rated A
  • Forced Air Heating System

About This Home

As of April 2023

Beautiful turn-key 3-unit building on a quiet treeline street in Old Town. Surrounded by multi-million dollar SFH and high-end condos, this extremely well-managed and clean building consists of a duplex-up, duplex-down, and simplex all renovated with open floorplans, in-unit W/D, condo quality bathrooms, and kitchen finishes. Fully gut rehabbed down to the studs in the early 2000s. All major improvements have been completed within the last few years such as windows, tuckpointing, roof, and deck. You will not find a better turnkey investment property in this area! Long-term tenants, three garage parking spots, and an extra wide lot make this one of the most ideal parcels in this area. The seller has requested potential buyers have proof of funds or bank statements to demonstrate their abiity to close prior to showings.

Last Agent to Sell the Property

Oliver Stone

S Hansen Realty Inc. License #471018873 Listed on: 02/13/2023

Last Buyer's Agent

Irais Torres

Fulton Grace Realty License #475195762

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,136

Year Built

  • Built in 1925 | Remodeled in 2010

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Home Security System

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 7 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $480
  • Insurance Expense $2,700
  • Maintenance Expense $3,600
  • Professional Management Expense $500
  • Water Sewer Expense $1,920
  • Gross Income $127,200
  • Net Operating Income $95,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,136

Year Built

Built in 1925 | Remodeled in 2010

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 500
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Other Equipment: Security System, Ceiling Fan(s)
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 7
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Cathedral Ceilings
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Cathedral Ceilings,Hardwood Floors,Skylights/Windows,Walk-In Closet

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 1450000
  • Roof: Rubber, Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Water Sewer Expenses: 1920

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 33X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 95000
  • Insurance Expense: 2700
  • ElectricExpense: 480
  • GrossIncome: 127200
  • Maintenance Expense: 3600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 25136.39
  • Tax Year: 2021
  • 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
04/12/2023 04/12/23 Sold $1,450,000 0.0% --
02/19/2023 02/19/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $1,450,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Oliver Stone

    Seller's Agent in 2023

    Oliver Stone

    S Hansen Realty Inc.

    (773) 477-4455

    1 in this area

    25 Total Sales

    Oliver Stone
    Section Image
  • Irais Torres

    Buyer's Agent in 2023

    Irais Torres

    Fulton Grace

    (773) 698-6648

    1 in this area

    27 Total Sales

    Irais Torres
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11718594

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60610 Old Town

1332 N Cleveland Ave, Chicago, IL

This home is located at 1332 N Cleveland Ave, Chicago, IL 60610 since 13 February 2023. This property was built in 1925. 1332 N Cleveland Ave is a home located in Cook County with nearby schools including Manierre Elementary School, Lincoln Park High School, and Catherine Cook School.

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