6038 West Peterson Avenue

Chicago, IL 60646

$679,900
Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

LEGAL 3 FLAT IN SUPER LOCATION OF NORWOOD PARK. PERFECT HOME WITH RENTAL INCOME TO HELP PAY MORTGAGE OR WORKS GREAT AS INVESTMENT WITH POTENTIAL FOR 6.5% RETURN ON INVESTMENT. ALL UNITS PAY THEIR OWN UTILITIES WITH 3 SEPARATE HOT WATER BOILERS. SPACIOUS 2 BEDROOM UNITS ON 1ST AND 2ND FLOOR GARDEN IS A 1 BEDROOM. EACH APARTMENT HAS BEEN NEWLY REMODELED. LARGE LIVING ROOM DINING ROOM COMBINATION - PLENTY OF CABINETS AND GRANITE COUNTER TOPS IN LARGE KITCHENS WITH SEPARATE DINETTE AREAS. NEWLY TILED...LEGAL 3 FLAT IN SUPER LOCATION OF NORWOOD PARK. PERFECT HOME WITH RENTAL INCOME TO HELP PAY MORTGAGE OR WORKS GREAT AS INVESTMENT WITH POTENTIAL FOR 6.5% RETURN ON INVESTMENT. ALL UNITS PAY THEIR OWN UTILITIES WITH 3 SEPARATE HOT WATER BOILERS. SPACIOUS 2 BEDROOM UNITS ON 1ST AND 2ND FLOOR GARDEN IS A 1 BEDROOM. EACH APARTMENT HAS BEEN NEWLY REMODELED. LARGE LIVING ROOM DINING ROOM COMBINATION - PLENTY OF CABINETS AND GRANITE COUNTER TOPS IN LARGE KITCHENS WITH SEPARATE DINETTE AREAS. NEWLY TILED BATHS AND NEW FLOORING THROUGHOUT. NEWER ROOF ON BOTH BUILDING AND GARAGE DONE IN 2012 AND NEWER PORCHES DONE IN 2013 OFFER NICE DECKS FOR 1ST & 2ND FLOOR UNITS. NEWER WINDOWS THROUGHOUT - 2ND FLOOR WINDOWS ARE BRAND NEW. APARTMENTS HAVE REFRIGERATORS AND STOVE/ OVEN RANGES AND COIN OPERATED CLOTHES WASHER AND DRYER IN BASEMENT, 2 CAR GARAGE. POTENTIAL INCOME FULLY RENTED $5000 PER MONTH OR $60,000 PER YEAR. NET INCOME $45,560. NET INCOME - A 6.7% RETURN ON INVESTMENT. Showing property Wednesday 10/30 4:45 to 6PM Please request during that time in showing assist. Listing broker must accompany

Listing Agents

  1. Matthew Mika

    Matthew Mika

    Listing Agent

    Compass

    matt.mika@compass.com

    P: (773)-406-1792

  2. Norbert Mika

    Norbert Mika

    Alternative Listing Agent

    Compass

    norbert.mika@compass.com

    P: (773)-406-7116

Property Details for 6038 West Peterson Avenue

Area
CHI - Norwood Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Hot Water/Steam, Sep Heating Systems - 2+
Zoning
MULTI
LISTING UPDATED: 11/09/2024 09:35 AM

Property Details for 6038 West Peterson Avenue

StatusContingent
MLS #12198857
Days on Market12
Taxes$11,190 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1956
Lot Size0.08 AC / 3,484 SF
CountyCook County

Building Information for 6038 West Peterson Avenue

Stories-Residences3Year Built1956Building Size-Lot Size0.08 AC / 3,484 SF

Property Information for 6038 West Peterson Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 13
  • Bedrooms (Below Grade): 0
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 5
  • Basement Description: Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • Exterior Property Features: Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 3719
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 6000
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 6038
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 1
  • Document Date: 2024-11-01T00:35:26
  • Photos Count: 28
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $34,860.00
  • Insurance Expense: $1,600.00
  • Insurance Expense Source: Owner Projection
  • Other Addl Income: Coin Laundry,Garage/s
  • Water Expense Source: Owner Projection
  • Net Operating Income: $20,420.00
  • Water Sewer Expense: $1,650.00
Unit 1
  • Unit Type Actual Rent: $1,745.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 4/25
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: OWNER
Unit 3
  • Unit Type Actual Rent: $1,160.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 4/25

Property History for 6038 West Peterson 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 6038 West Peterson Avenue

Taxable ValueLand$9,304Additions$43,702Total$53,006
Tax Record2022$10,909 ($909 / month)
Home Facts
Baths3Total Finished SqFt3,032 SqFtAbove Grade Finished SqFt3,032 SqFtStories2Lot Size3,719 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyCOOKAPN13-05-128-032

Schools near 6038 West Peterson Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - PK to 3
Public - 9 to 12
Rating
School
Distance
Hitch Elementary School
PublicPK to 8

Taft High School
Public7 to 12

Beard Elementary School
PublicPK to 3

Vaughn Occupational 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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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 11/09/2024 09:35 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.