916 North Noble Street

Chicago, IL 60642

$1,299,000
Price
14
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover an exceptional investment opportunity with these unique income-producing properties. Comprising 5 units spread across 2 buildings, this offering features a stunning 2-story penthouse with a balcony that boasts breathtaking views of the ever-evolving Chicago downtown skyline. Owned by a long-term landlord who is ready to pass the torch to the next generation. 4 units occupied currently rent below market rates while the penthouse is owner occupied. The flexibility of month-to-month leases...Discover an exceptional investment opportunity with these unique income-producing properties. Comprising 5 units spread across 2 buildings, this offering features a stunning 2-story penthouse with a balcony that boasts breathtaking views of the ever-evolving Chicago downtown skyline. Owned by a long-term landlord who is ready to pass the torch to the next generation. 4 units occupied currently rent below market rates while the penthouse is owner occupied. The flexibility of month-to-month leases allows for easy adjustments and renewals, maximizing potential income. Additional on-site laundry facilities provide extra revenue streams. Each unit comes equipped with individual heating and cooling systems, and all tenants are responsible for their electricity and gas. Sold AS-IS.
  1. Listed by Bozena Bozek • Nex-Gen Real Estate & Property Managment Co.

Property Details for 916 North Noble Street

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 08/28/2024 12:07 AM

Property Details for 916 North Noble Street

StatusActive
MLS #12133310
Days on Market39
Taxes$13,712 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1890
Lot Size0.06 AC / 2,754 SF
CountyCook County

Building Information for 916 North Noble Street

Stories4Residences5Year Built1890Building Size-Lot Size0.06 AC / 2,754 SF

Property Information for 916 North Noble Street

General Information
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Finished
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 7.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 25'X108'
  • Lot Size Square Feet: 2754.0
  • Stories: 4
  • Building Area Total: 2952
  • Lot Size Source: County Records
  • # Of Ranges: 5
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 29
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: $660.00
  • Fuel Expense: $.00
  • Gross Income: $7,350.00
  • Gross Scheduled Income: $93,000.00
  • Insurance Expense: $3,700.00
  • Maintenance Expense: $775.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Broker Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 7350
  • Water Expense Source: Owner Projection
  • Net Operating Income: $56,310.00
  • Operating Expense: $36,690.00
  • Other Expense: $.00
  • Trash Expense: $900.00
  • Water Sewer Expense: $1,350.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 916 North Noble Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 916 North Noble Street

Taxable ValueLand$16,524Additions$115,476Total$132,000
Tax Record2022$12,813 ($1,068 / month)
Home Facts
Baths2Total Finished SqFt1,672 SqFtAbove Grade Finished SqFt1,672 SqFtStories2Lot Size2,754 SqFtStyleMulti-Family Res (5+ Units)Year Built1877CountyCOOKAPN17-05-319-054

Schools near 916 North Noble Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Otis Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Noble St Chtr-Noble Campus
Charter9 to 12

Rauner College Prep
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.

Neighborhood Map and Transit

Similar Homes

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916 North Noble Street is a multi-family home for sale in Chicago, IL 60642. This property was listed for sale on August 22, 2024 by Nex-Gen Real Estate & Property Managment Co., it's currently listed at $1,299,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Otis Elementary School, Wells Community Academy High School and Noble St Chtr-Noble Campus. 916 North Noble Street is a 14-bed, 7-bath, multi-family home built in 1890.

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 Nex-Gen Real Estate & Property Managment Co.

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 08/28/2024 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.