1941 West Balmoral Avenue
$1,050,000
9
5
—
—
—
Contingent
Description
Rare legal 4-unit opportunity in Andersonville/Bowmanville. This neighborhood is not only one of the COOLEST in the United States, but also in the world according to TimeOut. Renovated in 2014, the property features (4) beautifully updated units, including (3) 2-bed /1-bath apartments, (1) 3-bed / 2-bath duplex-down apartment, and (1) additional fifth non-conforming 1-bed / bath garden apartment. Each unit boasts modern kitchens with granite countertops, stainless steel appliances, and separate furnaces....Rare legal 4-unit opportunity in Andersonville/Bowmanville. This neighborhood is not only one of the COOLEST in the United States, but also in the world according to TimeOut. Renovated in 2014, the property features (4) beautifully updated units, including (3) 2-bed /1-bath apartments, (1) 3-bed / 2-bath duplex-down apartment, and (1) additional fifth non-conforming 1-bed / bath garden apartment. Each unit boasts modern kitchens with granite countertops, stainless steel appliances, and separate furnaces. Additional capital improvements include a new porch (Sept. 2024), tuckpointing, and building owned laundry. With a total in-place rental income of 103,260/year (8,605/month), this property offers both immediate returns and potential for growth by adding central AC and/or in-unit laundry. The building sits on the corner of a quiet tree-lined street with single family homes, well-manicured lawns, community gardens and green space. You will always find something to do in this neighborhood. Walk out your door and you can try some of Chicago's best local brews at Half Acre and Spiteful Brewery. Clark Street's fabled "restaurant strip" is a short walk away with Hopleaf Bar, epic brunch spot m. henry and some of the city's best comfort food at Big Jones. Don't miss out on this exceptional investment or live-in opportunity in a thriving Chicago community!
- Listed by Harrison Cohen • Triton Realty Group LLC
- Listed by James Thompson • Triton Realty Group LLC
Property Details for 1941 West Balmoral Avenue
Area
CHI - Lincoln Square
TownshipLake View
OwnershipFee Simple
Num Of Parking Spaces0.0
Heat/FuelNatural Gas, Forced Air
LISTING UPDATED: 12/09/2024 06:05 PM
Property Details for 1941 West Balmoral Avenue
Status | Contingent |
---|---|
MLS # | 12221311 |
Days on Market | 6 |
Taxes | $12,114 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1908 |
Lot Size | 0.07 AC / 3,125 SF |
County | Cook County |
Building Information for 1941 West Balmoral Avenue
Stories-Residences4Year Built1908Building Size-Lot Size0.07 AC / 3,125 SF
Property Information for 1941 West Balmoral Avenue
Property History for 1941 West Balmoral Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1941 West Balmoral Avenue
Taxable ValueLand$25,000Additions$32,417Total$57,417
Tax Record2022$11,810 ($984 / month)
Home Facts
Baths4Total Finished SqFt3,258 SqFtAbove Grade Finished SqFt3,258 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1909CountyCOOKAPN14-07-210-012
Schools near 1941 West Balmoral 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 - | K to 8 |
Rating | School | Distance |
---|---|---|
Chappell Elementary School PublicPK to 8 | ||
Amundsen High School Public9 to 12 | ||
Passages Elementary Charter School CharterK to 8 | ||
Stone Elementary Scholastic Academy PublicK to 8 |
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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