Chicago, IL 60622,1816 N Wood Street
Chicago, IL 60622,1816 N Wood Street
Chicago, IL 60622,1816 N Wood Street
12
$1,256,000
$1,200,000
4.7%
Est.Price: ?

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8 BD

1816 N Wood Street Chicago, IL 60622

Est. payment /mo
SOLD DATE : 03/13/2024

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Key Details

Sold Price $1,256,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11970110

Sold Date 03/13/24

Bedrooms 8

Year Built 1892

Annual Tax Amount $21,744

Tax Year 2021

Lot Dimensions 25 X 100

Property Description

Presenting 1816 North Wood Street FOR SALE. Great opportunity to acquire a remodeled 3-Flat in Bucktown with two duplexes! All mechanicals and appliances have been updated with a few units successfully used recently for short term rentals. Easy street parking and great access to the Bloomingdale Trail, Expressways, and public transportation makes this a prime Chicago Location. Property also boasts a 2-Car garage that may be rented for additional income. Gross Income of $100,400 is based on long term rentals at market rents. $3,200 per Duplex and $2000 monthly for 2nd floor unit. Possible Loan Assumption with advantageous terms for the right qualified buyer with a strong offer PROPERTY HIGHLIGHTS- Two Large Duplex 3bed/2ba Units (Duplex Up/Duplex Down); One 2bed/1ba Simplex; All Units on HVAC; Minimal Landlord Expenses; Units Have Been Upgraded and Modernized; All Units Include Washer & Dryer; Hardwood Floors; Two Car Garage; Previously Used for Short Term Rental; Easily Rented for Top of Market yearly Rents

Location

State IL

County Cook

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Detached

Garage Spaces 2.0

Waterfront false

View Y/N true

Building

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Clark Patterson • Jameson Commercial
Bought with Roman Patzner • Fulton Grace Realty

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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