5011 North Ravenswood Avenue
$699,000
5
3
1
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Description
Priced to sell! Prepare to be impressed - this is unlike anything you've ever seen before. Originally a small office and factory/warehouse built in 1925 (believed to be the original headquarters of Hal's Party Rental) , this building was completely gut rehabbed and converted in 2017 and turned into two spectacularly unique apartments! Formerly commercial zoning, this is now multi-unit zoned (RT4, although buyer should verify with City - seller makes no guarantees). Unit 1 (front) is a huge apartment,...Priced to sell! Prepare to be impressed - this is unlike anything you've ever seen before. Originally a small office and factory/warehouse built in 1925 (believed to be the original headquarters of Hal's Party Rental) , this building was completely gut rehabbed and converted in 2017 and turned into two spectacularly unique apartments! Formerly commercial zoning, this is now multi-unit zoned (RT4, although buyer should verify with City - seller makes no guarantees). Unit 1 (front) is a huge apartment, with 17' ceilings, barrel ceilings, etc - featuring 3 bedrooms, 1.5 baths, and nearly 1400 square feet. Second (rear) unit is a 2 bedroom, 2 bathroom unit with wood-tone ceramic floors, 12'+ ceilings. Both units have in-unit laundry. 400 amp electric service. ENORMOUS 23x23 storage/garage space in rear of building. Sitting on a 163x25 lot (4,500 square feet) - great option for developers, too. Rent roll: Front unit rented for $2000 through 02/01/25, Rear unit rented for $1695 through 06/01/2025, Garage is rented for $975 month-to-month (and would sign a full 1-year lease). Metra, CTA Brown line, and bus only a hop skip and jump away! Mariano's and Winnemac Park nearby. Lake is 10 minutes east. Both units feature their own dedicated and individually-controlled HVAC system and the building shares one XL water heater - all replaced within the last year. The roof was replaced 2 years ago. Come collect instant rental income, or collect while you plan your next project in this area which is bustling with new development. This is an estate sale, and will be conveyed in as-is condition. Showings only permitted after an executed contract.
- Listed by Joe Tyler Gerber • Coldwell Banker Realty
Property Details for 5011 North Ravenswood Avenue
Area
CHI - Uptown
TownshipLake View
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces2.0
Parking Included in PriceYes
Heat/FuelNatural Gas
Architectural StyleContemporary
LISTING UPDATED: 12/03/2024 02:15 AM
Property Details for 5011 North Ravenswood Avenue
Status | New |
---|---|
MLS # | 11944348 |
Days on Market | 3 |
Taxes | $12,870 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 1 Story Unit/S |
Year Built | 1925 |
Lot Size | 0.09 AC / 4,082 SF |
County | Cook County |
Building Information for 5011 North Ravenswood Avenue
Stories-Residences2Year Built1925Building Size-Lot Size0.09 AC / 4,082 SF
Property Information for 5011 North Ravenswood Avenue
Property History for 5011 North Ravenswood 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 5011 North Ravenswood Avenue
Taxable ValueLand$32,600Additions$28,400Total$61,000
Tax Record2022$12,547 ($1,046 / month)
Home Facts
Total Finished SqFt3,680 SqFtAbove Grade Finished SqFt3,680 SqFtStories1Lot Size4,075 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN14-07-413-010
Schools near 5011 North Ravenswood 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 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
McPherson Elementary School PublicPK to 8 | ||
Amundsen High School Public9 to 12 | ||
Passages Elementary Charter School CharterK to 8 | ||
YCCS-Truman Middle College HS Charter9 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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