4221 North St Louis Avenue

Chicago, IL 60618

$620,000
Price
8
Beds
3
Baths
3,214 Sq. Ft.
$193 / Sq. Ft.
3,214
Sq. Ft.
$193
per Sq. Ft.

Description

Presenting this Fantastic Estate Sale in the well established Old Irving Park Neighborhood. This Jumbo, Traditional Chicago-yellow brick two-flat sits on an oversized 37.4 X 125.5 lot with a HUGE Brick Garage for 3 (or 4 cars, if parked in tandem). Lease garage spaces for additional income or turn space into a coach house (ADU). This is your end of Summer Must Have! The cost of doing business is everything when it comes to multi-family ownership. That is why we covered all the essentials; all units...Presenting this Fantastic Estate Sale in the well established Old Irving Park Neighborhood. This Jumbo, Traditional Chicago-yellow brick two-flat sits on an oversized 37.4 X 125.5 lot with a HUGE Brick Garage for 3 (or 4 cars, if parked in tandem). Lease garage spaces for additional income or turn space into a coach house (ADU). This is your end of Summer Must Have! The cost of doing business is everything when it comes to multi-family ownership. That is why we covered all the essentials; all units have separate heating & cooling and the tenants are responsible for all the utilities. If you've been debating whether to buy or not, this is your sign to DO IT! This property is perfect for those looking to live in a thriving community while tenants cover the mortgage. The first and Second floor units offer three very generous sized bedrooms, a separate dining room, an eat-in kitchen with space for a table and a very bright/spacious living room with decorative fireplaces. See floor-plans in photos. Free laundry in the basement, make more lucrative by adding coin operated laundry. Earn immediate income with significant potential for rental growth. Comparable rentals in the area continue to increase, signaling a healthy and sustainable rental market, this property is poised for long-term success. Our long term tenants are on a MTM agreement and have been issued moving notifications, however, the first floor unit is vacant, in case you need to occupy one unit or adjust rents to reflect Current Fair Market Values. All tenants are on MTM leases paying well below fair market rents. The 1st floor is vacant, the 2nd floor yields $1,800 and the basement yields $850 per month. (ARV) Comp is located at 4515 N Christiana, Unit 2 (MLS#:11977967). This 3bed/1bath apartment rented for $2,600 in 7 days. The ARV Comp for GARDEN unit is located at 3349 W Cuyler and rented for $1,795 (MLS#: 11856826). Making the estimated Annual ARV Rental Potential, $83,940. Please note: seller does not warrant the legality of the inlaw garden unit. COMPETITIVE ADVANTAGE: Tenants love our spacious bedrooms, the rear porches and stairs are enclosed and the detached Oversized Garage and spacious yard further enhance the appeal. This is an ideal opportunity for owner-occupants or investors looking to capitalize on a strong rental market with potential for rental growth and a stable tenant base. Pictured: Unit 1 has hardwood floors underneath tile. Unit 2 has a similar floor plan with hardwood floors. AC condensing units to 1st & 2nd floors are on the roof, and for the garden unit you'll find it on the South Side of the Building. The property has been in the family for many years and has been very well maintained but is being sold "as-is." Buy & hold for an immediate and low-maintenance return on your investment, bring your creativity and take advantage of multiple value-add opportunities, or simply move into one unit while your tenants pay down the mortgage on your amazing new home. The options for this one-of-a-kind property are truly endless! Conveniently located near the Blue Line and Metra, expressway, CTA, grocery, parks & dining. Solid building. Offers encouraged. Schedule your visit today and see why this property stands out as a great investment in a vibrant and sought-after neighborhood.
  1. Listed by Karla Mina • MPower Residential Brokerage LLC

Property Details for 4221 North St Louis Avenue

Area
CHI - Irving Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
6.0
Num Of Parking Spaces
6.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Sep Heating Systems - 2+
Zoning
MULTI

Open Houses

Sunday, Oct 6th

9:00 AM - 10:00 PM

Public

LISTING UPDATED: 10/04/2024 04:29 PM

Property Details for 4221 North St Louis Avenue

StatusNew
MLS #12178907
Days on Market1
Taxes$8,827 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1921
Lot Size0.08 AC / 3,484 SF
CountyCook County

Building Information for 4221 North St Louis Avenue

Stories-Residences3Year Built1921Building Size-Lot Size0.08 AC / 3,484 SF

Property Information for 4221 North St Louis Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Patrick Henry Elementary School
  • Jr High Middle School: Patrick Henry Elementary School
  • High School District: 299
  • High School: Roosevelt High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), 7 Foot or more high garage door
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Utility Room-Lower Level
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Other Equipment: CO Detectors, Water Heater-Gas
Property/Lot Information
  • Exterior Property Features: Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Fenced Yard, Outdoor Lighting, Sidewalks, Streetlights
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 37.4X125.5
  • Total # Units in Building: 3.0
  • Other Structures: None, Garage(s)
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Flat
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 4522
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3250
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 1
  • Document Date: 2024-10-04T21:27:20
  • Photos Count: 24
  • Deconversion: N
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $31,800.00
  • Other Addl Income: Parking Space/s
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 8/23
Unit 3
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM

Property History for 4221 North St Louis 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 4221 North St Louis Avenue

Taxable ValueLand$22,542Additions$22,458Total$45,000
Tax Record2022$8,583 ($715 / month)
Home Facts
Baths3Total Finished SqFt2,824 SqFtAbove Grade Finished SqFt2,824 SqFtStories2Lot Size4,725 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN13-14-410-014

Schools near 4221 North St Louis 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 - PK to 8
Public - 7 to 12
Rating
School
Distance
Henry Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

North River Elementary School
PublicPK to 8

Disney II Magnet High School
Public7 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.

Neighborhood Map and Transit

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4221 North St Louis Avenue is a multi-family home for sale in Chicago, IL 60618. This property was listed for sale on October 3, 2024 by MPower Residential Brokerage LLC, it's currently listed at $620,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Henry Elementary School, Roosevelt High School and North River Elementary School. 4221 North St Louis Avenue is a 8-bed, 3-bath, 3,214 sqft multi-family home built in 1921.

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 MPower Residential Brokerage LLC

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 10/04/2024 04:29 PM. 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.