949 North Damen Avenue

Chicago, IL 60622

$1,750,000
Price
13
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover an exceptional investment opportunity with this 6-unit property featuring a stately 4-unit Greystone front building and a charming 2-unit coach house. Located in the vibrant Ukrainian Village, this property has been meticulously remodeled to offer modern comforts while retaining its classic appeal. Each unit boasts hardwood floors, contemporary kitchens and bathrooms, and stainless steel appliances. Individual washers/dryers and gas forced air heating add convenience for tenants. High ceilings...Discover an exceptional investment opportunity with this 6-unit property featuring a stately 4-unit Greystone front building and a charming 2-unit coach house. Located in the vibrant Ukrainian Village, this property has been meticulously remodeled to offer modern comforts while retaining its classic appeal. Each unit boasts hardwood floors, contemporary kitchens and bathrooms, and stainless steel appliances. Individual washers/dryers and gas forced air heating add convenience for tenants. High ceilings and large windows flood the units with natural light, and three units also feature central A/C for added comfort. The front building offers large private decks, perfect for relaxing or entertaining, with views of an above-ground pool, a serene pond, and a patio. Tenants cover all utilities except for water and trash, ensuring streamlined management. Enjoy a quick commute to downtown and easy access to Wicker Park's trendy restaurants, shopping, gyms, nightlife, Division Street, Marianos, Target, CTA Blue Line, and the 90/94 expressway. Convenient street parking is available. With current rents below market value, there is significant potential for increased cash flow. This property at 949 N Damen is an outstanding investment with high-quality features, desirable amenities, and an unbeatable location. Don't miss this rare opportunity to enhance your portfolio with a top-tier rental property.

Property Details for 949 North Damen Avenue

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 09/27/2024 06:35 PM

Property Details for 949 North Damen Avenue

StatusActive
MLS #12055092
Days on Market101
Taxes$10,809 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1890
Lot Size0.07 AC / 3,150 SF
CountyCook County

Building Information for 949 North Damen Avenue

Stories3Residences6Year Built1890Building Size-Lot Size0.07 AC / 3,150 SF

Property Information for 949 North Damen Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 6
  • Basement Description: Finished
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 3
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 25X126
  • Lot Size Square Feet: 3150.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 4134
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Condominium, Multi-Family
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2024-05-13T22:10:54
  • Photos Count: 48
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Pool
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,322.00
  • Fuel Expense: $.00
  • Gross Income: $114,000.00
  • Gross Scheduled Income: $114,000.00
  • Insurance Expense: $4,720.00
  • Maintenance Expense: $5,000.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2022
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 9500
  • Water Expense Source: Actual
  • Net Operating Income: $88,521.00
  • Operating Expense: $25,479.00
  • Other Expense: $.00
  • Trash Expense: $2,639.00
  • Water Sewer Expense: $2,225.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
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 949 North Damen 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 949 North Damen Avenue

Taxable ValueLand$22,050Additions$168,810Total$190,860
Tax Record2022$10,809 ($901 / month)
Home Facts
Baths4Total Finished SqFt4,134 SqFtAbove Grade Finished SqFt4,134 SqFtStories3Lot Size3,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1887CountyCOOKAPN17-06-421-004

Schools near 949 North Damen 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 - 9 to 12
Rating
School
Distance
Columbus Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Lasalle II Lang Acad Elementary School
PublicPK 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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949 North Damen Avenue is a multi-family home for sale in Chicago, IL 60622. This property was listed for sale on July 8, 2024 by Real Broker LLC, it's currently listed at $1,750,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Columbus Elementary School, Wells Community Academy High School and Lasalle II Lang Acad Elementary School. 949 North Damen Avenue is a 13-bed, 6-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 Real Broker 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 09/27/2024 06:35 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.