1615 West Highland Avenue

Chicago, IL 60660

$3,270,000
Price
36
Beds
21
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment opportunity 6% cap to own a rare turnkey 13 unit brick building with coach house and garages on oversized lot in hot Edgewater neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to new roof and hot water heaters apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near university, restaurants, retail, lake and more. Some value add opportunities. Cash flowing...Investment opportunity 6% cap to own a rare turnkey 13 unit brick building with coach house and garages on oversized lot in hot Edgewater neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to new roof and hot water heaters apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near university, restaurants, retail, lake and more. Some value add opportunities. Cash flowing asset. Contact agent for more photos. Additional properties for sale in portfolio. Please send POF and sign NDA for financials.
  1. Listed by Theresa Mueller • Trelleum LLC

Property Details for 1615 West Highland Avenue

Area
CHI - Edgewater
LISTING UPDATED: 08/17/2024 03:47 AM

Property Details for 1615 West Highland Avenue

StatusActive
MLS #12005899
Days on Market377
Taxes$19,832 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1917
Lot Size0.29 AC / 12,751 SF
CountyCook County

Building Information for 1615 West Highland Avenue

Stories3Residences13Year Built1917Building Size-Lot Size0.29 AC / 12,751 SF

Property Information for 1615 West Highland Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 21.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 66 X 176
  • Lot Size Square Feet: 12751.0
  • Stories: 3
  • Construction: Brick
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-03-26T22:33:33
  • Photos Count: 11
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Electric Expense: $1.00
  • Fuel Expense: $1.00
  • Gross Income: $340,000.00
  • Gross Scheduled Income: $1.00
  • Insurance Expense: $1.00
  • Maintenance Expense: $1.00
  • Total Annual Expense Source: Combination
  • Janitor Expense: 1
  • Total Monthly Income: 1
  • Net Operating Income: $1.00
  • Operating Expense: $1.00
  • Other Expense: $1.00
  • Trash Expense: $1.00
  • Water Sewer Expense: $1.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 2
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1615 West Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1615 West Highland Avenue

Taxable ValueLand$44,628Additions$130,686Total$175,314
Tax Record2022$36,059 ($3,005 / month)
Home Facts
Stories2Lot Size12,751 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyCOOKAPN14-06-207-012

Schools near 1615 West Highland Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Charter - 6 to 12
Rating
School
Distance
Hayt Elementary School
PublicPK to 8

Senn High School
Public9 to 12

Stone Elementary Scholastic Academy
PublicK to 8

Chicago Math & Sci Elementary Charter
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1615 West Highland Avenue is a multi-family home for sale in Chicago, IL 60660. This property was listed for sale on March 26, 2024 by Trelleum LLC, it's currently listed at $3,270,000. It has been on the market for a total of 377 days and was last sold on April 26, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Hayt Elementary School, Senn High School and Stone Elementary Scholastic Academy. 1615 West Highland Avenue is a 36-bed, 21-bath, multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trelleum LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:47 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.