1535 W Barry Ave Chicago, IL 60657
Southport Corridor Neighborhood
6
Beds
4
Baths
--
Sq Ft
3,049
Sq Ft Lot
Highlights
- Deck
- Two Heating Systems
- 3-minute walk to Burley Community Park
- Augustus H. Burley Elementary School Rated A-
- Ceiling Fan
About This Home
As of June 2025Incredible opportunity for a savvy buyer. This well maintained 3-flat can be a turnkey investment. Or an owner occupant can have most of their monthly expenses covered by tenants. Current monthly income of $6,300/month and a 6% cap rate. The top floor duplex up features three bedrooms, 2 full bathrooms . The large eat-in kitchen leads out to a back deck perfect for grilling and entertaining. The second level has TONS of extra storage and a bonus office/work space. This large unit lives like a single family home. ($2,650/month - Unit 2 improvements: AC 2022, furnace 2023, water heater 2021). First floor unit is a 2 bed,1 bath with a large eat-in kitchen and a back deck. ($2,100/month - Unit 1 improvements: AC 2022, furnace 2018, fridge 2020, bathroom renovated 2019). Garden unit is a 1 bed, 1 bath. ($1,550/month - renovated bathroom 2018). TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Common laundry in the basement. 2 car garage. Owners have taken excellent care of the property and IMPROVEMENTS INCLUDE new siding 2017, new electric panels 2019, new front windows 2021, new washer/dryer 2022, new water pump 2023, new fence & landscaping 2025. The unit is currently fully rented. Units G & 2 rented through May 2026. Unit 1 will be vacant as of June 1 2025 and could be an owner occupant or easily rented at an INCREASED RATE from its current $2100 month (estimated new rental rate would be $2300-$2400). LOCATION CANNOT BE BEAT. Just steps from Whole Foods, Target, Brown Line L, and all the shops and restaurants of Lakeview.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475162879 Listed on: 05/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,356
Year Built
- Built in 1886
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 25 x 125
Parking
- 2 Car Garage
- Parking Included in Price
Interior Spaces
- 3-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Schools
- Burley Elementary School
Additional Features
- Deck
- Two Heating Systems
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $3,451
- Water Sewer Expense $108
- Gross Income $75,600
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $950,000 | +5.7% | -- |
| 05/12/2025 05/12/25 | Pending | -- | -- | -- |
| 05/08/2025 05/08/25 | For Sale | $899,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
G
Seller's Agent in 2025
George Tully
@ Properties
-
G
Buyer's Agent in 2025
Gregory Smith
Coldwell Banker Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12356736
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