NOT LISTED FOR SALE

2908 N Talman Ave Chicago, IL 60618

Avondale Neighborhood
7 Beds
4 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold November 17, 2021

Last sale price $705,000

23 Days on Market

Highlights

  • Additional Residence on Property
  • Fenced Yard
  • Two Heating Systems
  • Property is near a park
  • Porch
  • Paved or Partially Paved Lot

About This Home

As of November 2021

Fantastic opportunity to own this UPDATED 2 unit building WITH additional coach house unit - 3 TOTAL UNITS in East Avondale/North Logan Square with a 6.75% CAP. Use as investment OR note the month-to-month lease in the duplex unit for fantastic opportunity to owner occupy! The main building has a large, duplexed unit with 4 bedrooms, 2 baths and laundry, plus a simplex with 2 bedrooms and 1 bath. The coach house unit has 1 bedroom, 1 bath and shares laundry with the simplex. All units have updated kitchens with granite counters and stainless-steel appliances. Owner currently AirBNB's the coach house, which has significant rental interest and income. Projected rent is $1,600/month for coach house, but owner makes more doing AirBNB! Both units currently rented in main home: Unit 1 is rented MTM at $2,075/month, Unit 2 is rented until September 30, 2022 at $1,545/month. Solid investment in PHENOMENAL LOCATION where Logan Square meets Avondale meets Roscoe Village - truly surrounded in all directions with fantastic restaurants, shops and quick trips to Target, Mariano's, Costco, etc..! Easy access to CTA and expressway makes it easy to capture tenants!

Last Agent to Sell the Property

Leigh Marcus

@properties Christie's International Real Estate License #475125223 Listed on: 09/17/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Ernesta Hong

Compass License #475195361

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,932

Year Built

  • Built in 1885

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 24x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Schools

  • Brentano Elementary School Math
  • Schurz High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Additional Residence on Property
  • Property is near a park

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $62,640
  • Net Operating Income $50,986

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,932

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • 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: 7
  • Other Equipment: CO Detectors
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • List Price: 725000
  • Lot Features: Fenced Yard
  • OtherStructures: Second Residence
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Brentano Elementary School Math
  • High School: Schurz High School
  • Middle/Junior School: Brentano Elementary School Math
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 24X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 50986
  • GrossIncome: 62640
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 8932.25
  • Tax Year: 2020
  • Tax Exemptions: None

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
11/17/2021 11/17/21 Sold $705,000 -6.0% --
10/11/2021 10/11/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $750,000 +82.9% --
09/29/2014 09/29/14 Sold $410,000 0.0% --
07/24/2014 07/24/14 Pending -- -- --
07/16/2014 07/16/14 Off Market $410,000 -- --
05/23/2014 05/23/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $425,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Leigh Marcus

    Seller's Agent in 2021

    Leigh Marcus

    @ Properties

    (773) 645-0686

    19 in this area

    1,183 Total Sales

    Leigh Marcus
    Section Image
  • Ernesta Hong

    Buyer's Agent in 2021

    Ernesta Hong

    Compass

    (773) 663-1299

    1 in this area

    25 Total Sales

    Ernesta Hong
    Section Image
  • Brandon Kurdziel

    Seller's Agent in 2014

    Brandon Kurdziel

    United Real Estate-Chicago

    (708) 288-8241

    2 in this area

    65 Total Sales

    Brandon Kurdziel
    Section Image
  • Eric Morrison

    Buyer's Agent in 2014

    Eric Morrison

    Berkshire Hathaway HomeServices Chicago

    (312) 622-0517

    3 Total Sales

    Eric Morrison
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11222564

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60618 Avondale

2908 N Talman Ave, Chicago, IL

This home is located at 2908 N Talman Ave, Chicago, IL 60618 since 17 September 2021. This property was built in 1885. 2908 N Talman Ave is a home located in Cook County with nearby schools including Brentano Math & Science Academy, Schurz High School, and Acero Charter - Carlos Fuentes Cmpus.

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