NOT LISTED FOR SALE

2423 W Gunnison St Chicago, IL 60625

Lincoln Square Neighborhood
10 Beds
5 Baths
4,061 Sq Ft
4,710 Sq Ft Lot

Last Sold July 13, 2023

Last sale price $780,000 $192 Per Sq Ft

24 Days on Market

About This Home

As of July 2023

Well-maintained multi-unit residential building with an attractive brick exterior. 5 2-bedroom townhouse-style units in the heart of Lincoln Square with five parking spaces! Over-sized lot (29.7X157.7). Excellent investment opportunity features 2 beds/1 bath in each unit with 1000 square feet of living space for each unit. Open style layout with Kitchen/living room. Appliances included are 5 Refrigerators, 5 stoves/ovens, 5 range hoods, 5 hot water heaters, 5 washer-dryers, 10 window A/C units. Each unit has wood laminate floors . W/Ds in Unit 2 (2020) Unit 4 (2021) are new. Separated electricity meter for ease of payment by the tenants. Property includes 5 parking spots which allows for additional income. Fabulous security system. Current rents are at the minimum indicated and could be increased. Leases Month-to-Month. Just Steps to great restaurants, shopping, stores, Mariano's, Winnemac Park, public transportation, etc. Fantastic opportunity to live in this multi-unit building with extra income or perfect for investment.

Last Agent to Sell the Property

Hilary Pender

Baird & Warner License #475138386 Listed on: 04/14/2023

Baird & Warner

Last Buyer's Agent

Mitir Patel

Baird & Warner License #475157343

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,700

Year Built

  • Built in 1991

Lot Details

  • 4,710 Sq Ft Lot
  • Lot Dimensions are 29x157

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $2,860
  • Other Expense $1,000
  • Water Sewer Expense $2,400
  • Operating Expense $15,960
  • Gross Income $79,800
  • Net Operating Income $61,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,700

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1991
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Possible Use: Condominium, Multi-Family, Single Family
  • Fireplaces: 5
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 10
  • Number of Washers: 5
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street, Public Road
  • List Price: 849999
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Security Gate,Security Lighting,Security System,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Water-Municipal
  • Heat/Ventilation: Electric,Separate Per Unit

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Water Sewer Expenses: 2400
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 29X157
  • Lot Size Sq Ft: 4710
  • Land Amenities: Curbs and Gutters

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: No Units Furnished,Security System,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 61463
  • Insurance Expense: 2860
  • GrossIncome: 79800
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 15960
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9700
  • Tax Year: 2021

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
07/13/2023 07/13/23 Sold $780,000 -8.2% $192 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $849,999 -- $209 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hilary Pender

    Seller's Agent in 2023

    Hilary Pender

    Baird & Warner

    (773) 876-8234

    1 in this area

    23 Total Sales

    Hilary Pender
    Section Image
  • Mitir Patel

    Buyer's Agent in 2023

    Mitir Patel

    Baird & Warner

    (773) 209-4785

    8 in this area

    114 Total Sales

    Mitir Patel
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11759698

Midwest Real Estate Data (MRED)

APN: 13124250250000

Illinois Cook County Chicago 60625 Lincoln Square

2423 W Gunnison St, Chicago, IL

This home is located at 2423 W Gunnison St, Chicago, IL 60625 since 14 April 2023. This property was built in 1991. 2423 W Gunnison St is a home located in Cook County with nearby schools including Budlong Elementary School, Amundsen High School, and St. Matthias School.

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