NOT LISTED FOR SALE

1406 N Cleveland Ave Chicago, IL 60610

Old Town Neighborhood
8 Beds
6 Baths
4,100 Sq Ft
1885 Built

Last Sold April 24, 2024

Last sale price $1,425,000 $348 Per Sq Ft

38 Days on Market

Highlights

  • Rooftop Deck
  • 5-minute walk to Sedgwick Station
  • 2 Car Detached Garage
  • Lincoln Park High School Rated A
  • Gated Community
  • 4-minute walk to Park #598

About This Home

As of April 2024

This property is a original Old Town GEM! Two 3 bedroom units, one 1 bedroom unit easily convertible to a 2 bedroom, finished basement, and incredible roof deck! This building goes back to the time when buildings were crafted with chiseled limestone maneuvered in place by sheer will. These walls were built three courses thick brick by brick with real Portland cement (NO CINDER BLOCKS HERE). Check the listing: this is one of the LAST real Old Town real estate opportunities to own an original. This gem has all the right upgrades: cast iron sewers to the street and 1.5 inch water copper water main returning to the building (not one inch of old galvanized in the entire building). Electrical is upgraded with twelve to sixteen brakers per unit. Three new H.V.A.C. units, two 2.5, and one 3 ton condensers installed two years ago. This investment has ten foot ceilings and seven foot windows with plenty of natural light on a beautiful tree lined street. Just steps away from shopping, world class restaurants just a short walk away, trains, parks, beaches. Or stay home and entertain on the 40x20 roof top deck with running water and electrical outlets. Better move on this one there is not another like it!

Last Agent to Sell the Property

Leigh Marcus

@properties Christie's International Real Estate License #475125223 Listed on: 02/02/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Camille Canales

Compass License #475167459

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,535

Year Built

  • Built in 1885 | Remodeled in 2012

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 6 Bathrooms
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Rooftop Deck
  • Porch

Schools

  • Manierre Elementary School
  • Lincoln Park High School

Utilities

  • Humidifier
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Additional Features

  • Air Purifier
  • Lot Dimensions are 25x125

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units
  • Old Town Subdivision

Building Details

  • Electric Expense $720
  • Insurance Expense $2,400
  • Water Sewer Expense $1,500
  • Gross Income $114,000
  • Net Operating Income $92,845

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,535

Year Built

Built in 1885 | Remodeled in 2012

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Old Town
  • Year Built: 1885
  • 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: 2012
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Other Equipment: Humidifier, Ceiling Fan(s), Sump Pump, Air Purifier, Multiple Water Heaters
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 3

Exterior Features

  • ExteriorFeatures: Deck, Porch, Roof Deck
  • List Price: 1450000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1500

Schools

  • Elementary School: Manierre Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X125
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 92845
  • Insurance Expense: 2400
  • ElectricExpense: 720
  • GrossIncome: 114000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 16535.35
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

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
04/24/2024 04/24/24 Sold $1,425,000 -1.7% $348 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $1,450,000 -- $354 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Leigh Marcus

    Seller's Agent in 2024

    Leigh Marcus

    @ Properties

    (773) 645-0686

    35 in this area

    1,174 Total Sales

    Leigh Marcus
    Section Image
  • Camille Canales

    Buyer's Agent in 2024

    Camille Canales

    Compass

    (773) 377-9200

    16 in this area

    337 Total Sales

    Camille Canales
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11965765

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

1406 N Cleveland Ave, Chicago, IL

This home is located at 1406 N Cleveland Ave, Chicago, IL 60610 since 02 February 2024. This property was built in 1885. 1406 N Cleveland Ave is a home located in Cook County with nearby schools including Manierre Elementary School, Lincoln Park High School, and The Noble Academy.

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