NOT LISTED FOR SALE

2265 W Leland Ave Chicago, IL 60625

Lincoln Square Neighborhood
10 Beds
4 Baths
5,628 Sq Ft
1906 Built

Last Sold November 06, 2017

Last sale price $1,000,000 $178 Per Sq Ft

34 Days on Market

Highlights

  • Traditional Architecture
  • 2-minute walk to Western Station (Brown Line)
  • Paved or Partially Paved Lot
  • Forced Air Heating System

About This Home

As of November 2017

Welcome to 2261-2265 W. Leland, an incredible 4-unit investment building opportunity in the heart of Lincoln Square! (Building is comprised of two, 2-flat multi-units, side by side each with their own entrances). Amazing location, not even half a block off of Lincoln Avenue & all its wonderful shops & restaurants & just two blocks from the Western Brown Line "L" Stop. Fantastic cash flow on this property w/over $88,000 in yearly rental income! (Bldg has separate heating & electric for each apartment & tenants pays their own utilities.) Owner pays only for water & insurance. Building is in a very easy to rent location & is in good shape w/thermal pane windows & newer porches. It also has a backyard & two-car parking. (This property also lends itself to possible single family conversion or duplex/townhome conversion on one or both sides... allowing owner to occupy single family/duplex space and have two to three rentals paying for the mortgage.)

Last Agent to Sell the Property

Michael Hall

Baird & Warner License #475148426 Listed on: 08/09/2017

Baird & Warner

Last Buyer's Agent

Marko Karacic

Atlas Realty Group, Inc. License #471009269

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,264

Year Built

  • Built in 1906

Lot Details

  • Lot Dimensions are 75 x 125x30x125
  • Paved or Partially Paved Lot
  • Irregular Lot

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $88,284
  • Net Operating Income $76,870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,264

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1906
  • 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: 10
  • Basement Description: Partially Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Cable Access
  • Foundation Details: Concrete Perimeter, Stone
  • Lot Features: Irregular Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 11414

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75 X 125X30X125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 76870
  • GrossIncome: 88284
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 16264
  • Tax Year: 2015
  • Tax Exemptions: None

Range of Values:

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Average Value
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List Price
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 List to Sale Price per Sq Ft
11/06/2017 11/06/17 Sold $1,000,000 -3.8% $178 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $1,040,000 -- $185 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Hall

    Seller's Agent in 2017

    Michael Hall

    Baird Warner

    (773) 398-4359

    7 in this area

    200 Total Sales

    Michael Hall
    Section Image

  • M

    Buyer's Agent in 2017

    Marko Karacic

    Atlas Realty Group, Inc.

    (773) 716-7400

    1 in this area

    38 Total Sales

    Marko Karacic
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09716700

Midwest Real Estate Data (MRED)

APN: 14181110050000

Illinois Cook County Chicago 60625 Lincoln Square

2265 W Leland Ave, Chicago, IL

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