2645 West Winnemac Avenue

Chicago, IL 60625

$720,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention investors and house hackers! This two-unit brick building is move-in ready and perfect for those with vision. With a current 8% gross ROI, it is already a profitable investment. Plus, there is potential to add a third unit in the basement, allowing you to maximize your rental income. Alternatively, you could convert the building into a single-family home, taking advantage of the high property values in this neighborhood, where houses are valued at around $1.5 million. Recent upgrades include...Attention investors and house hackers! This two-unit brick building is move-in ready and perfect for those with vision. With a current 8% gross ROI, it is already a profitable investment. Plus, there is potential to add a third unit in the basement, allowing you to maximize your rental income. Alternatively, you could convert the building into a single-family home, taking advantage of the high property values in this neighborhood, where houses are valued at around $1.5 million. Recent upgrades include kitchen cabinets, new stainless steel appliances, tuckpointing on the front of the building, in-unit washer/dryer, separate water heaters, and a brand-new 10K boiler. The extra-wide lot features an oversized brick detached 2.5-car garage, although it does require some work. However, the size of the garage is grandfathered in, allowing you to have an oversized garage on the property. This property is also eligible for the City of Chicago's ADU Pilot Program, allowing for the addition of more living units. Close to the Brown Line, schools, shopping, and entertainment, this investment opportunity should not be missed!
  1. Listed by Luminita Ispas • Century 21 S.G.R., Inc.
  2. Listed by Valentin Tudor • Century 21 S.G.R., Inc.

Property Details for 2645 West Winnemac Avenue

Area
CHI - Lincoln Square
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.5
Num Of Parking Spaces
2.5
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Hot Water/Steam, Radiator(s)
Zoning
MULTI

Location

Listing Courtesy of Century 21 S.G.R., Inc.
Add your commute
LISTING UPDATED: 07/02/2024 12:07 AM

Property Details for 2645 West Winnemac Avenue

StatusActive
MLS #12094955
Days on Market7
Taxes$13,164 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built-
Lot Size0.09 AC / 3,750 SF
CountyCook County

Location

Listing Courtesy of Century 21 S.G.R., Inc.
Add your commute

Building Information for 2645 West Winnemac Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$5,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,929

Property Taxes

$1,097

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2645 West Winnemac Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 6
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Other Equipment: Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30 X 125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: Interstate Access
  • North Coordinate: 5036
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2442
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 5
  • Document Date: 2024-06-26T16:14:22
  • Photos Count: 31
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $199.00
  • Fuel Expense: $2,150.00
  • Insurance Expense: $2,211.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Water Sewer Expense: $623.00
Unit 1
  • Unit Type Actual Rent: $2,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: VAC
Unit 2
  • Unit Type Actual Rent: $2,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: VAC

Property History for 2645 West Winnemac Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2645 West Winnemac Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Budlong Elementary School
PublicPK to 8

Amundsen 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.

Similar Homes

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2645 West Winnemac Avenue is a multi-family home for sale in Chicago, IL 60625. This property was listed for sale on June 26, 2024 by Century 21 S.G.R., Inc., it's currently listed at $720,000. It has been on the market for a total of 7 days and was last sold on October 30, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include Budlong Elementary School, Amundsen High School and Edison Elementary Regional Gifted Center. 2645 West Winnemac Avenue is a 6-bed, 3-bath, multi-family home.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 S.G.R., Inc.

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 07/02/2024 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.