NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1930 Built

Sale Details

Date Sold: March 6, 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

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

Lot Details

  • Lot Dimensions are 25x81
  • Corner Lot

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

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
  • Actual Status: Closed
  • 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
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • 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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,423 $102,000 $16,843 $85,157
2024 $15,423 $102,000 $16,843 $85,157
2023 $14,990 $72,879 $13,552 $59,327
2022 $14,990 $72,879 $13,552 $59,327
2021 $17,105 $85,062 $13,552 $71,510
2020 $14,295 $64,171 $8,808 $55,363
2019 $14,325 $71,302 $8,808 $62,494
2018 $15,299 $77,448 $8,808 $68,640
2017 $13,132 $61,002 $7,744 $53,258
2016 $12,218 $61,002 $7,744 $53,258
2015 $11,178 $61,002 $7,744 $53,258
2014 $8,146 $43,904 $6,776 $37,128
2013 $7,985 $43,904 $6,776 $37,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11684971

Midwest Real Estate Data (MRED)
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