Seller's Agent in 2025
Harrison Cohen
Triton Realty Group LLC
1 in this area
21 Total Sales
1941 W Balmoral Ave Chicago, IL 60640
Bowmanville Neighborhood
9
Beds
5
Baths
3,258
Sq Ft
1908
Built
Highlights
- Corner Lot
- Forced Air Heating System
- 5-minute walk to Andersonville Community Garden
About This Home
As of January 2025Rare legal 4-unit opportunity in Andersonville/Bowmanville. This neighborhood is not only one of the COOLEST in the United States, but also in the world according to TimeOut. Renovated in 2014, the property features (4) beautifully updated units, including (3) 2-bed /1-bath apartments, and (1) 3-bed / 2-bath duplex-down apartment. Each unit boasts modern kitchens with granite countertops, stainless steel appliances, and separate furnaces. Additional capital improvements include a new porch (Sept. 2024), tuckpointing, and building owned laundry. With a total in-place rental income of 103,260/year (8,605/month), this property offers both immediate returns and potential for growth by adding central AC and/or in-unit laundry. The building sits on the corner of a quiet tree-lined street with single family homes, well-manicured lawns, community gardens and green space. You will always find something to do in this neighborhood. Walk out your door and you can try some of Chicago's best local brews at Half Acre and Spiteful Brewery. Clark Street's fabled "restaurant strip" is a short walk away with Hopleaf Bar, epic brunch spot m. henry and some of the city's best comfort food at Big Jones. Don't miss out on this exceptional investment or live-in opportunity in a thriving Chicago community!
Last Agent to Sell the Property
Triton Realty Group LLC License #475177887 Listed on: 12/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,114
Year Built
- Built in 1908 | Remodeled in 2014
Lot Details
- Lot Dimensions are 25 x 125
- Corner Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 5 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Basement Window Egress
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $1,383
- Insurance Expense $2,361
- Maintenance Expense $1,000
- Water Sewer Expense $1,292
- Gross Income $103,260
- Net Operating Income $84,109
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2025 01/15/25 | Sold | $1,040,000 | -1.0% | $319 / Sq Ft |
| 12/09/2024 12/09/24 | Pending | -- | -- | -- |
| 12/05/2024 12/05/24 | For Sale | $1,050,000 | -- | $322 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Harrison Cohen
-
James Thompson
Seller Co-Listing Agent in 2025
James Thompson
Triton Realty Group LLC
(312) 788-9379
1 in this area
16 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12221311
APN: 14072100120000
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