3615 North Wilton Avenue

Chicago, IL 60613

$3,900,000
Price
19
Beds
15
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

TOTAL Gut Rehab/New Construction All-Brick 5-Unit Building in Prime East Lakeview! Welcome to this exceptional all-brick, easy to rent 5-unit building in the heart of East Lakeview, steps from iconic Wrigley Field, the Red Line, the lakefront, and all the best of Chicago! Each expansive, condo-quality unit is crafted with designer finishes and showcases a modern, open-concept floor plan that makes an impression. Key Features: * Spacious Condo-Quality Units: Generous floor plans with high ceilings,...TOTAL Gut Rehab/New Construction All-Brick 5-Unit Building in Prime East Lakeview! Welcome to this exceptional all-brick, easy to rent 5-unit building in the heart of East Lakeview, steps from iconic Wrigley Field, the Red Line, the lakefront, and all the best of Chicago! Each expansive, condo-quality unit is crafted with designer finishes and showcases a modern, open-concept floor plan that makes an impression. Key Features: * Spacious Condo-Quality Units: Generous floor plans with high ceilings, abundant natural light, and sleek hardwood floors throughout, including common areas. * Perfect for Roommates: Each bedroom is equally sized, comfortably fitting a queen bed and dresser. * Gourmet Kitchen & Designer Finishes: Modern and stylish kitchens open into bright, airy living spaces, perfect for entertaining. * Luxurious Conveniences: Full-size front load washer/dryer in every unit, central A/C, individual furnaces, and a security intercom system for peace of mind. * Outdoor Living: Enjoy multiple outdoor spaces to soak in the city vibes. Rent Roll/Financials: $5,600 = 4 bed / 3 bath garden #G, $6,000 = 4 bed / 3 simplex #1, $6,200 = 4 bed / 3 bath simplex #2, $6,200 = 4 bed / 3 bath simplex #3, $5,000 = 3 bed / 3 bath penthouse #4, $700 = 3 Parking Spaces (rented 2 for $350 each), $29,700 = Monthly Rent, $6,650 = Annual Move-In Fees, TOTAL Annual Rental Income = $363,050, TOTAL Annual Operating Expenses = $73,445, NOI (prior to debt service) = $289,605, GRM = 10.9, CAP RATE = 7.4% Location Perks: Nestled in vibrant East Lakeview, you're walking distance to the lakefront, CTA Red Line, and all the restaurants, cafes, and entertainment that make this area one of Chicago's most desirable neighborhoods. Don't miss this rare investment opportunity-ideal for 1031 exchanges or any buyer looking for a great return on on their investment! You will not find anything else like this on on the market!!! Agent interest.

Listing Agents

  1. Dusanka Verschuur

    Dusanka Verschuur

    Listing Agent

    Compass

    dverschuur@compass.com

    P: (312)-953-3570

  2. Emily Smart LeMire

    Emily Smart LeMire

    Alternative Listing Agent

    Compass

    emily.lemire@compass.com

    P: (312)-401-5949

Property Details for 3615 North Wilton Avenue

Area
CHI - Lake View
Township
Lake View
Zoning
MULTI
LISTING UPDATED: 10/22/2024 03:03 AM

Property Details for 3615 North Wilton Avenue

StatusActive ( Private )
MLS #12185568
Days on Market-
Taxes$26,374 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built2024
Lot Size0.07 AC / 3,000 SF
CountyCook County

Building Information for 3615 North Wilton Avenue

Stories5Residences5Year Built2024Building Size-Lot Size0.07 AC / 3,000 SF

Property Information for 3615 North Wilton Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property,City,Leases Avaliable,Othr-Call List Agent
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • # Of Washers: 5
  • Basement Description: Finished
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit,Individual Furnaces
  • # Of Refrigerators: 5
  • # Of Dryers: 5
  • # Of Disposals: 5
  • # Of Dishwashers: 5
  • Num of Baths: 15.0
Exterior Features
  • Building Unit Info: Fire Alarm,No Units Furnished,Penthouse
  • Misc Outside: Balcony/ies,Security Gate,Security Lighting,Storms and Screens (as exist),Sun Deck
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats,Four Plus One
  • Lot Dimensions: 24X125
  • Lot Size Square Feet: 3000.0
  • Stories: 5
  • Exterior Building Type: Brick, Stone, Limestone
  • Construction: Brick, Steel Siding, Stone
  • Fire Protection: Smoke or Fire Protectors,Sprinklers,Carbon Monoxide Detector(s)
  • Building Area Total: 8509
  • Lot Size Source: County Records
  • # Of Ranges: 5
  • Conversion: Y
Property and Assessments
  • Possible Use: Multi-Family
  • Documents Available: Rent Roll,Leases,Floor Plan,Operating Statement
  • Public Document Count: 6
  • Document Date: 2024-10-21T02:23:06
  • Photos Count: 39
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Security Entrance,Sidewalks
  • Location: Corner,Mixed Use Area,TIF Zone,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $420.00
  • Fuel Expense: $1,380.00
  • Gross Income: $363,050.00
  • Gross Scheduled Income: $356,400.00
  • Insurance Expense: $5,864.00
  • Maintenance Expense: $9,050.00
  • Manager Expense: $14,256.00
  • Electric Expense Source: Combination
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 900
  • Manager Expense Source: CO
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 29700
  • Water Expense Source: Combination
  • Net Operating Income: $289,605.00
  • Operating Expense: $73,445.00
  • Other Expense: $11,301.00
  • Trash Expense: $1,000.00
  • Water Sewer Expense: $2,900.00
Unit 1
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7

Property History for 3615 North Wilton 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 3615 North Wilton Avenue

Taxable ValueLand$45,000Additions$58,147Total$103,147
Tax Record2022$21,216 ($1,768 / month)
Home Facts
Baths5.5Total Finished SqFt4,121 SqFtAbove Grade Finished SqFt4,121 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN14-20-229-013Fireplace TypeHas Fireplace

Schools near 3615 North Wilton 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
Public - K to 8
Rating
School
Distance
Greeley Elementary School
PublicPK to 8

Lake View High School
Public9 to 12

Inter-American Elementary Magnet School
PublicPK 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.

Neighborhood Map and Transit

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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 10/22/2024 03:03 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.