1859 West Chicago Avenue

Chicago, IL 60622

$2,849,000
Price
12
Beds
10
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

1859 W Chicago Ave is a 9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago's Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo's...1859 W Chicago Ave is a 9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago's Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo's Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano's. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.
  1. Listed by Scott Maesel • Sperry Van Ness

Property Details for 1859 West Chicago Avenue

Area
CHI - West Town
LISTING UPDATED: 10/13/2024 12:07 AM

Property Details for 1859 West Chicago Avenue

StatusActive
MLS #12036342
Days on Market278
Taxes$24,628 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1888
Lot Size0.07 AC / 3,020 SF
CountyCook County

Building Information for 1859 West Chicago Avenue

Stories4Residences7Year Built1888Building Size-Lot Size0.07 AC / 3,020 SF

Property Information for 1859 West Chicago Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 10.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3020.0
  • Stories: 4
  • Building Area Total: 9267
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 6
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $537.00
  • Fuel Expense: $.00
  • Gross Income: $263,626.00
  • Gross Scheduled Income: $250,444.00
  • Insurance Expense: $3,605.00
  • Maintenance Expense: $5,400.00
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Janitor Expense: 2500
  • Total Monthly Income: 21968
  • Net Operating Income: $187,381.00
  • Operating Expense: $63,064.00
  • Other Expense: $.00
  • Trash Expense: $2,379.00
  • Water Sewer Expense: $1,761.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
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 1859 West Chicago 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 1859 West Chicago Avenue

Taxable ValueLand$18,024Additions$96,976Total$115,000
Tax Record2022$24,629 ($2,052 / month)
Home Facts
Baths4.5Total Finished SqFt6,264 SqFtAbove Grade Finished SqFt6,264 SqFtStories3Lot Size3,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN17-07-201-001

Schools near 1859 West Chicago Avenue

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

Wells Community Academy High School
Public9 to 12

Lasalle II Lang Acad Elementary School
PublicPK to 8

Golder College Prep
Charter9 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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1859 West Chicago Avenue is a multi-family home for sale in Chicago, IL 60622. This property was listed for sale on May 7, 2024 by Sperry Van Ness, it's currently listed at $2,849,000. It has been on the market for a total of 278 days and was last sold on September 17, 2019. This listing's school district is Chicago Public Schools. Nearby schools include Talcott Elementary School, Wells Community Academy High School and Lasalle II Lang Acad Elementary School. 1859 West Chicago Avenue is a 12-bed, 10-bath, multi-family home built in 1888.

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 Sperry Van Ness

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 10/13/2024 12:07 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.