1731 North Mayfield Avenue

Chicago, IL 60639

$399,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor's Dream Opportunity! This income-generating property features two spacious apartments, with additional rooms in the basement, offering incredible potential for value-add improvements. With separate electric meters and individual central heating systems, it's primed for flexible leasing options. The property also includes three dedicated parking spots, making it even more appealing to tenants. With strong income potential and being sold as-is, this is the perfect chance to expand your portfolio...Investor's Dream Opportunity! This income-generating property features two spacious apartments, with additional rooms in the basement, offering incredible potential for value-add improvements. With separate electric meters and individual central heating systems, it's primed for flexible leasing options. The property also includes three dedicated parking spots, making it even more appealing to tenants. With strong income potential and being sold as-is, this is the perfect chance to expand your portfolio and capitalize on a great investment!

Listing Agent

  1. Manuel Pineda

    Manuel Pineda

    Listing Agent

    Compass

    manuel.pineda@compass.com

    P: (312)-730-6428

Property Details for 1731 North Mayfield Avenue

Area
CHI - Austin
Township
Jefferson
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 11/04/2024 08:41 PM

Property Details for 1731 North Mayfield Avenue

StatusContingent
MLS #12186491
Days on Market19
Taxes$4,525 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1923
Lot Size0.09 AC / 3,870 SF
CountyCook County

Building Information for 1731 North Mayfield Avenue

Stories-Residences2Year Built1923Building Size-Lot Size0.09 AC / 3,870 SF

Property Information for 1731 North Mayfield Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Alley Access
  • Parking On Site: true
  • Parking Ownership: Owned
Location and General Information
  • Postal Code Plus 4: 4021
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 4
  • Basement Description: Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Den
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 30 X 129
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 1700
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 5900
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, Cash
  • Public Document Count: 0
  • Photos Count: 5
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $4,000.00
Unit 1
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: M/M
Unit 2
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: M/M

Property History for 1731 North Mayfield 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 1731 North Mayfield Avenue

Taxable ValueLand$5,805Additions$16,195Total$22,000
Tax Record2022$4,525 ($377 / month)
Home Facts
Baths2Total Finished SqFt2,248 SqFtAbove Grade Finished SqFt2,248 SqFtStories2Lot Size3,870 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN13-32-407-010Fireplace TypeHas Fireplace

Schools near 1731 North Mayfield Avenue

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

Steinmetz Academic Centre High School
Public9 to 12

CICS West Belden
CharterK to 8

Prosser Career Academy High School
Public9 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.

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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.

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 11/04/2024 08:41 PM. 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.