2718 West Winnemac Avenue
$1,150,000
9
3
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Description
Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below...Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1,396,800. Rental rates are quoted at pro-forma rental amounts.
- Listed by Mo Dadkhah • Main Street Real Estate Group
- Listed by Jeff Bushaw • Main Street Real Estate Group
Property Details for 2718 West Winnemac Avenue
Area
CHI - Lincoln Square
TownshipJefferson
OwnershipFee Simple
Num Of Garage Spaces3.0
Num Of Parking Spaces3.0
Heat/FuelNatural Gas, Radiator(s)
LISTING UPDATED: 12/08/2024 12:07 AM
Property Details for 2718 West Winnemac Avenue
Status | Active |
---|---|
MLS # | 12203499 |
Days on Market | 44 |
Taxes | $14,142 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Flat |
Year Built | 1921 |
Lot Size | 0.09 AC / 4,125 SF |
County | Cook County |
Building Information for 2718 West Winnemac Avenue
Stories-Residences3Year Built1921Building Size-Lot Size0.09 AC / 4,125 SF
Property Information for 2718 West Winnemac Avenue
Property History for 2718 West Winnemac 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 2718 West Winnemac Avenue
Taxable ValueLand$9,900Additions$60,442Total$70,342
Tax Record2022$13,765 ($1,147 / month)
Home Facts
Baths3Total Finished SqFt4,326 SqFtAbove Grade Finished SqFt4,326 SqFtStories3Lot Size4,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1921CountyCOOKAPN13-12-404-033
Schools near 2718 West Winnemac 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 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Budlong Elementary School PublicPK to 8 | ||
Amundsen High School Public9 to 12 | ||
Edison Elementary Regional Gifted Center PublicK to 8 | ||
Northside College Preparatory 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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