NOT LISTED FOR SALE

1422 W Edgewater Ave Chicago, IL 60660

Andersonville Neighborhood
5 Beds
3 Baths
2,665 Sq Ft
1908 Built

Last Sold February 23, 2023

Last sale price $575,000 $216 Per Sq Ft

3 Days on Market

Highlights

  • Deck
  • Entrance Foyer
  • Paved or Partially Paved Lot
  • Traditional Architecture
  • Forced Air Zoned Heating System

About This Home

As of February 2023

ANDERSONVILLE- 3-UNIT BUILDING SITTING ON A QUIET TREE-LINED STREET JUST 1 BLOCK OFF CLARK STREET by Gethsemane Garden Center in one of the hottest neighborhoods on Chicago's north side. It doesn't get better than this in this easy-to-rent location just 4.5 blocks to the Red Line Bryn Mawr "L" Stop and 5 blocks to the soon to be new Edgewater Metra Stop as well a plethora of cafes, restaurants and shopping right outside your door! All 3 apartments have private back decks, their own HVAC systems and pay their own gas and electricity. Rents are below market value and could be higher, especially so with further cosmetic updates. Perfect for the owner-occupied buyer or investor alike. The 3rd floor could easily be combined with the 2nd floor for a wonderful 3 BR, 2BTH owner's duplex up if so desired. Unfinished basement could also be combined with the first floor for another duplexed apartment although current layout of building is perfect as is. Great value with lots of room for added value in the form of increased rents. Whole building would make a nice single-family conversion as well. 2-car parking in back of property. All this in an A+ location close to the lakefront and in the highly desirable Peirce School District. This building has very low property taxes and low expenses for the owner due to its maintenance free-exterior. It also has a pitched asphalt shingled roof which lasts longer and is more cost effective than a flat roof and front and back staircases are enclosed for reduced snow removal costs in the winter months. This building is being sold as a 2-unit building with a very nice non-conforming 3rd floor apartment on the 3rd floor which has it's own front and back entrance and would likely be easy to get approved by the city as a 3rd additional dwelling unit if so desired.

Last Agent to Sell the Property

Michael Hall

Baird & Warner License #475148426 Listed on: 01/02/2023

Baird & Warner

Last Buyer's Agent

Todd Szwajkowski

Baird & Warner License #471010496

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,031

Year Built

  • Built in 1908

Lot Details

  • Lot Dimensions are 25 x 95 x 33 x 80
  • Paved or Partially Paved Lot
  • Irregular Lot

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • Entrance Foyer
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Deck

Schools

  • Peirce Elementary School Intl St
  • Senn High School

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 3 Units
  • Gross Income $55,500

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,031

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Room Type: Foyer
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Oven/Built-in

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 615000
  • Lot Features: Irregular Lot
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Elementary School: Peirce Elementary School Intl St
  • High School: Senn High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 95 X 33 X 80
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • GrossIncome: 55500
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 6030.54
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

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
02/23/2023 02/23/23 Sold $575,000 -6.5% $216 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
01/02/2023 01/02/23 For Sale $615,000 -- $231 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Hall

    Seller's Agent in 2023

    Michael Hall

    Baird Warner

    (773) 398-4359

    15 in this area

    202 Total Sales

    Michael Hall
    Section Image
  • Todd Szwajkowski

    Buyer's Agent in 2023

    Todd Szwajkowski

    Baird & Warner

    (773) 531-7707

    23 in this area

    308 Total Sales

    Todd Szwajkowski
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11693417

Midwest Real Estate Data (MRED)

APN: 14053160590000

Illinois Cook County Chicago 60660 Andersonville

1422 W Edgewater Ave, Chicago, IL

This home is located at 1422 W Edgewater Ave, Chicago, IL 60660 since 02 January 2023. This property was built in 1908. 1422 W Edgewater Ave is a home located in Cook County with nearby schools including Peirce School of International Studies, Senn High School, and Passages Elementary Charter School.

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