NOT LISTED FOR SALE

1465 W Olive Ave Chicago, IL 60660

Andersonville Neighborhood
8 Beds
4 Baths
4,074 Sq Ft
1905 Built

Last Sold June 27, 2023

Last sale price $879,671 $216 Per Sq Ft

48 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 3-minute walk to Mellin Park

About This Home

As of June 2023

Welcome to this remarkable 3-unit all-brick building situated on a large lot in the desirable Andersonville neighborhood of Chicago. The building has fully occupied units, this property offers large floor plans, hardwood floors, coffered ceilings, and individual HVAC in each unit. There is also a coin-operated laundry on-site and a great amount of additional storage for tenant use. With plenty of upgrade potential, this property presents a great opportunity for a savvy investor to add value and increase rents. The property is located in the Chicago ADU zone, which provides the option to create another dwelling unit, making it a great investment for those looking to expand their portfolio. A 2-car garage is also available for tenant use and additional income. Currently rented below market rates, this property offers great income potential, making it an opportunity not to be missed!

Last Agent to Sell the Property

Ryan Blake

Nara Advisors, Inc License #471021920 Listed on: 03/28/2023

Last Buyer's Agent

Brittany Dubinsky

Redfin Corporation License #475197663

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,277

Year Built

  • Built in 1905

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 30' x 136'

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,325
  • Fuel Expense $2,866
  • Insurance Expense $2,197
  • Maintenance Expense $2,500
  • Professional Management Expense $2,500
  • Water Sewer Expense $1,265
  • Gross Income $61,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,277

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 2500
  • Year Built: 1905
  • 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: 4
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors

Exterior Features

  • List Price: 900000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • 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

Fee Information

  • Water Sewer Expenses: 1265

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 30' X 136'
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Fuel Expense: 2866
  • Insurance Expense: 2197
  • ElectricExpense: 1325
  • GrossIncome: 61500
  • Maintenance Expense: 2500
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 14277
  • Tax Year: 2021

Range of Values:

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Sold Price
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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
06/27/2023 06/27/23 Sold $879,671 -2.3% $216 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $900,000 -- $221 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Blake

    Seller's Agent in 2023

    Ryan Blake

    Nara Advisors, Inc

    (773) 458-5428

    3 in this area

    41 Total Sales

    Ryan Blake
    Section Image

  • B

    Buyer's Agent in 2023

    Brittany Dubinsky

    Redfin Corporation

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11746374

Midwest Real Estate Data (MRED)

APN: 14053300120000

Illinois Cook County Chicago 60660 Andersonville

1465 W Olive Ave, Chicago, IL

This home is located at 1465 W Olive Ave, Chicago, IL 60660 since 28 March 2023. This property was built in 1905. 1465 W Olive 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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