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$1,820,000

Est. payment - /mo

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8 Beds

11 Baths

New

2649 W Thomas AVE Chicago, IL 60622

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12496647

Bedrooms 8

Annual Tax Amount $23,066

Tax Year 2023

Lot Dimensions 25x125

Property Sub-Type Two to Four Units

Property Description

Absolutely perfect opportunity for either an owner-occupant or an investor, this stately, highly attractive 7,600 square foot Ukrainian Village greystone four-flat was previously converted from a jumbo six-unit building and features four oversized duplex apartment units with attractive amenities, three parking spaces in the rear, and outdoor space. Three units are currently rented, with one available for immediate move-in by a new owner or tenant. All units feature updated kitchens, quartz counters, designer finishes, in-unit washer/dryer, individually metered HVAC systems with central air, and much more. Agent-affilated ownership. Potential owner's duplex up Unit 1F is enormous and approximately 2,000 sf, featuring freestanding tub, 2 large bedrooms (one of which could possibly be turned into 2 rooms), an office space, and 2.5 baths. Front duplex down unit is massive as well with 2 large bedrooms, and 3 full baths. TAX NOTE: property taxes have been successfully appealed and are expected to be substantially reduced in 2025 (approximately $13,360.12 based on the most recent tax rate and multiplier applicable to this property)! This property is listed at above a 7.2 cap rate based on the new tax assessment and assuming full occupancy at the projected rent for Unit 1F.

Location

State IL

County Cook

Area Chi - West Town

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick,Limestone, No

Sewer Public Sewer

Water Public

Structure Type Brick,Limestone

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Hagenson of New Era Chicago, LLC

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106