NOT LISTED FOR SALE

2765 N Kenmore Ave Chicago, IL 60614

Sheffield & DePaul Neighborhood
10 Beds
6 Baths
4,410 Sq Ft
3,500 Sq Ft Lot

Last Sold June 09, 2023

Last sale price $1,325,000 $300 Per Sq Ft

4 Days on Market

Highlights

  • 2 Fireplaces
  • 2-minute walk to Diversey Station
  • Forced Air Zoned Heating and Cooling System
  • Lincoln Park High School Rated A
  • Laundry Room
  • 3-minute walk to Wiggly Field Dog Park

About This Home

As of June 2023

Wonderful opportunity to acquire a 6-unit income producing property located in an unbeatable, A+ Lincoln Park location. This property has favorable RT-4 zoning and is situated in close proximity to public transportation, including the Diversey "L" stop, which is just 2 blocks away. Numerous restaurants, shops, and entertainment options, all just outside the door. This apartment building currently generates rental income of just under $9,000 per month, with all tenants paying for their own gas, electric, and heating bills. The rents are low, and could be considerably higher, especially with minor cosmetic improvements. Each unit in the building has its own unique layout and features, such as hardwood floors, updated baths, and spacious living and dining areas. The building includes two top-floor, duplex penthouse apartments with vaulted ceilings and fireplaces. Additionally, the back yard features a lovely common outdoor patio and 2-car parking. 2765 N. Kenmore Avenue is a charming and well-maintained apartment building located in highly sought-after Lincoln Park, one of Chicago's most popular neighborhoods. Solid building with solid returns and room to increase income. Situated on a tree-lined street among other multi-million dollar properties in a prime rental location, there couldn't be a better location for your long-term investment.

Last Agent to Sell the Property

Michael Hall

Baird & Warner License #475148426 Listed on: 04/19/2023

Baird & Warner

Last Buyer's Agent

Alex Wolf

Plymouth Group LLC License #475206894

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,498

Year Built

  • Built in 1884

Lot Details

  • 3,500 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 4,410 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Unfinished Basement
  • Exterior Basement Entry
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $318
  • Insurance Expense $4,560
  • Other Expense $160
  • Trash Expense $2,485
  • Water Sewer Expense $1,226
  • Operating Expense $29,247
  • Gross Income $107,640
  • Net Operating Income $78,393

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,498

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1884
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplaces: 2
  • Possible Use: Condominium, Multi-Family, Single Family
  • Basement Description: Unfinished
  • Misc Inside: Laundry Room
  • Fireplaces: 3
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 3
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Frontage Type: City Street
  • List Price: 1250000
  • Exterior Building Type: Vinyl Siding,Brick,Stone
  • Misc Outside: Courtyard,Patio,Security Gate

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Window Unit(s), Zoned
  • Utilities: Sewer-Storm Available, Water-Municipal, Water to Site
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Zoned,Individual Furnaces
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 2485
  • Water Sewer Expenses: 1226
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 FT X 140 FT
  • Lot Size Sq Ft: 3500
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 4410

Multi Family

  • Net Operating Income: 78393
  • Insurance Expense: 4560
  • ElectricExpense: 318
  • GrossIncome: 107640
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29247
  • Expense Year: 2022
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 20498
  • Tax Year: 2021

Range of Values:

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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
06/09/2023 06/09/23 Sold $1,325,000 +6.0% $300 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $1,250,000 -- $283 / 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 2023

    Michael Hall

    Baird Warner

    (773) 398-4359

    6 in this area

    201 Total Sales

    Michael Hall
    Section Image

  • A

    Buyer's Agent in 2023

    Alex Wolf

    Plymouth Group LLC

    (847) 722-5906

    1 in this area

    6 Total Sales

    Alex Wolf
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11762574

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60614 Sheffield & DePaul

2765 N Kenmore Ave, Chicago, IL

This home is located at 2765 N Kenmore Ave, Chicago, IL 60614 since 19 April 2023. This property was built in 1884. 2765 N Kenmore Ave is a home located in Cook County with nearby schools including Harriet Tubman Elementary School, Lincoln Park High School, and Saint Clement School.

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