565 West Arlington Place

Chicago, IL 60614

$1,500,000
Price
6
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Art Deco details abound in this brick 4-unit on coveted Arlington Place in East Lincoln Park. Located in the Arlington Deming Historic District, the 1940's renovation brought the building to the front lot line, bringing great light and views into the front units. From the outside or the inside, this vintage art deco jewel in East Lincoln Park is not your typical four-flat. The property, on one of the most beautiful streets in Chicago, and has been renovated and cared for as a home, while providing...Art Deco details abound in this brick 4-unit on coveted Arlington Place in East Lincoln Park. Located in the Arlington Deming Historic District, the 1940's renovation brought the building to the front lot line, bringing great light and views into the front units. From the outside or the inside, this vintage art deco jewel in East Lincoln Park is not your typical four-flat. The property, on one of the most beautiful streets in Chicago, and has been renovated and cared for as a home, while providing rental income. The owners have thoughtfully renovated the building over the past 14 years in keeping with the 1940 renovation, while updating building systems with modern standards of quality. The units and common areas have retained their character as well. This crisp and clean building features have been restored authentically and improved over the years. There are 3 one bedrooms and an owners unit on the top floor that expands from the front of the building to the back. The owners space is complete with three bedrooms or two bedrooms, an office or family room and formal living/dining. Enjoy updated open Euro style kitchens and bathrooms, new windows custom built per landmark preservations, new private fenced garden landscaping, new roof, recent tuckpointing and brick cleaning, new electrical panel, boiler newer 2016, and more. Ideal East Lincoln Park location, Lincoln Elementary School District, walk to the lake, zoo, and park, Clark buses, Fullerton EL, and famous neighborhood restaurants and bars all within walking distance. Zoning is R5, Ideal purchase for the first time investor who wants unique and updated architectural space while collecting income at the same time!

Listing Agent

Property Details for 565 West Arlington Place

Area
CHI - Lincoln Park
Township
Lake View
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Heat/Fuel
Radiator(s)
Zoning
MULTI
LISTING UPDATED: 10/21/2024 12:07 AM

Property Details for 565 West Arlington Place

StatusActive
MLS #12187940
Days on Market9
Taxes$19,227 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1888
Lot Size0.05 AC / 2,178 SF
CountyCook County

Building Information for 565 West Arlington Place

Stories-Residences4Year Built1888Building Size-Lot Size0.05 AC / 2,178 SF

Property Information for 565 West Arlington Place

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Lincoln Elementary School
  • Jr High Middle School: Lincoln Elementary School
  • High School District: 299
  • High School: Lincoln Park High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Property Information
Interior Features
  • Num Of Rooms: 17
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 6
  • Basement Description: Other, Storage Space
  • Basement Bathrooms: No
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • Exterior Property Features: Patio, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2010
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Sidewalks, Streetlights
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 20X116
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Other
  • General Information: None
  • North Coordinate: 2450
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 565
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2024-10-16T18:47:10
  • Photos Count: 31
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $1,349.00
  • Gross Income: $102,000.00
  • Insurance Expense: $3,839.00
  • Electric Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Net Operating Income: $71,883.00
  • Trash Expense: $456.00
  • Water Sewer Expense: $437.00
  • Other Expenses $: 437
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 09/25
Unit 2
  • Unit Type Actual Rent: $1,775.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 06/25
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: N/A
Unit 4
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Lease Expiration Date: N/A

Property History for 565 West Arlington Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 565 West Arlington Place

Taxable ValueLand$27,840Additions$71,160Total$99,000
Tax Record2022$20,363 ($1,697 / month)
Home Facts
Baths4Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size2,320 SqFtStyleMulti-Family Dwelling (2-4)Year Built1890CountyCOOKAPN14-28-317-002

Schools near 565 West Arlington Place

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 8
Public - K to 8
Rating
School
Distance
Lincoln Elementary School
PublicK to 8

Lincoln Park High School
Public9 to 12

Lasalle Elementary Language Academy
PublicK 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.

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565 West Arlington Place is a multi-family home for sale in Chicago, IL 60614. This property was listed for sale on October 15, 2024 by Compass, it's currently listed at $1,500,000. It has been on the market for a total of 9 days and was last sold on December 12, 2005. This listing's school district is Chicago Public Schools. Nearby schools include Lincoln Elementary School, Lincoln Park High School and Newberry Elementary Math & Science Academy. 565 West Arlington Place is a 6-bed, 5-bath, multi-family home built in 1888.

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 10/21/2024 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.