NOT LISTED FOR SALE

1702 N Wolcott Ave Chicago, IL 60622

Wicker Park Neighborhood
8 Beds
4 Baths
-- Sq Ft
1930 Built

Last Sold March 06, 2023

Last sale price $1,150,000

42 Days on Market

Highlights

  • Corner Lot
  • Ceiling Fan
  • 5-minute walk to Churchill Field Park
  • Lower Floor Utility Room

About This Home

As of March 2023

Fully leased TURNKEY 4 unit corner brick building in the absolute heart of Bucktown. Situated on the premier residential block of Wabansia, two blocks from the Damen blue line stop, three blocks from 94, the 606 trail, and all of the restaurants Wicker/Bucktown has to offer. Surrounded by multi million dollar houses, the potential for adding value through unit renovations is significant. The building is currently configured as five apartments. Each unit features two (2) bedrooms and one (1) bathroom. The fifth non- conforming unit was built out 3 years ago and features stainless steel appliances, designer-grade finishes, central air and washer/dryer in unit, and a private entrance, allowing it to be utilized as an Airbnb in a top notch tourist destination. Additionally the building offers on-site laundry in basement, the roof was re-done in 2016, bathrooms and kitchen both gutted and remodeled within the past 10 years. 1702 N Wolcott is a rare opportunity to own a corner building in a prime Bucktown location with an endless choice of trendy restaurants, local bars and entertainment options just steps away. This property provides an excellent opportunity for a new operator to cash-flow as is, or make renovations that would significantly increase the value of the property.

Last Agent to Sell the Property

Julia Cullhaj

Cross Street Real Estate License #475202740 Listed on: 12/08/2022

Cross Street Real Estate

Last Buyer's Agent

Brandon Arnold

Pro Invest Realty LLC License #471021219

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,295

Year Built

  • Built in 1930 | Remodeled in 2019

Lot Details

  • Lot Dimensions are 25x81
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $101,040
  • Net Operating Income $68,978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,295

Year Built

Built in 1930 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • Room: 5

Exterior Features

  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • List Price: 1295000
  • Lot Features: Corner Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X81
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 68978
  • GrossIncome: 101040
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 14295
  • Tax Year: 2020
  • Tax Exemptions: None

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
03/06/2023 03/06/23 Sold $1,150,000 -11.2% --
01/20/2023 01/20/23 Pending -- -- --
12/08/2022 12/08/22 For Sale $1,295,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Julia Cullhaj

    Seller's Agent in 2023

    Julia Cullhaj

    Cross Street Real Estate

    (312) 312-9844

    1 in this area

    15 Total Sales

    Julia Cullhaj
    Section Image

  • B

    Buyer's Agent in 2023

    Brandon Arnold

    Pro Invest Realty LLC

    (312) 576-5848

    3 in this area

    9 Total Sales

    Brandon Arnold
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11684971

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60622 Wicker Park

1702 N Wolcott Ave, Chicago, IL

This home is located at 1702 N Wolcott Ave, Chicago, IL 60622 since 08 December 2022. This property was built in 1930. 1702 N Wolcott Ave is a home located in Cook County with nearby schools including Jonathan Burr Elementary, Wells Community Academy High School, and St. Mary of the Angels.

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