NOT LISTED FOR SALE

2645 W Carmen Ave Chicago, IL 60625

Lincoln Square Neighborhood
12 Beds
8 Baths
-- Sq Ft
1962 Built

Last Sold February 01, 2018

Last sale price $1,200,000

27 Days on Market

About This Home

As of February 2018

RARE OPPORTUNITY TO PURCHASE AND DECONVERT 8 UNIT CONDO BUILDING TO APARTMENTS IN LINCOLN SQUARE. VALUE-ADD OPPORTUNITIES EXIST IN COSMETIC RENOVATIONS, LAUNDRY, PARKING AND STORAGE INCOME. UNIT MIX CONSISTS OF FOUR 1BED/1BATHS AND FOUR 2BED/1BATHS. ALL 5 SLAB DEEDED PARKING SPACES WILL BE INCLUDED IN THE SALE. THERE ARE 8 SECURED STORAGE SPACES, 2 COIN WASHERS AND 2 COIN DRIERS. HEAT IS SUPPLIED BY BOILER TO BASEBOARD RADIATORS. WALL A/C IN EACH UNIT. SOLID STEEL AND CONCRETE BALCONIES AND LARGE OUTDOOR PLAZA WITH SPACE FOR TENANT ENJOYMENT.

Last Agent to Sell the Property

Mark Hafeli

Baird & Warner Listed on: 08/04/2017

Co-Listed By

Erin Hafeli

Baird & Warner License #475159296

Last Buyer's Agent

Joshua Dolgin

Manderly Management and Realty License #471022011

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Home Design

  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $7,680
  • Insurance Expense $3,595

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Condominium
  • Ownership Type: Condo
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Net Oper Income: 87414
  • Outdoor Parking: 1-5 Spaces
  • Owners Assoc: Yes
  • Repairs Decor Expense: 3200
  • Scavenger Expense: 1800
  • Total Annual Exp: 43341
  • Total Annual Income: 126900
  • Total Monthly Income: 10575
  • Number Of Stories: 3
  • Estimated Year Built: 1962
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1962

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Gas, Baseboard, Radiant
  • Water Expense: 1800

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 900

Lot Info

  • Lot Dimensions: 6518SQFT
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 13124050000000

Rental Info

  • Gross Rental Income: 130755
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 7680
  • Insurance Expense: 3595
  • Other Expenses: 24366

Tax Info

  • Taxes: NEW

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 Change Sq Ft Price
02/01/2018 02/01/18 Sold $1,200,000 -- --
08/31/2017 08/31/17 Pending -- -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Hafeli

    Baird & Warner

  • E

    Seller Co-Listing Agent in 2018

    Erin Hafeli

    Baird Warner

  • Joshua Dolgin

    Buyer's Agent in 2018

    Joshua Dolgin

    Manderly Management and Realty

    (312) 834-4371

    3 Total Sales

    Joshua Dolgin
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09712279

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60625 Lincoln Square

2645 W Carmen Ave, Chicago, IL

This home is located at 2645 W Carmen Ave, Chicago, IL 60625 since 04 August 2017. This property was built in 1962. 2645 W Carmen Ave is a home located in Cook County with nearby schools including Budlong Elementary School, Amundsen High School, and North Shore Adventist Academy.

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