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Elijah Reese

elijah@serenerealtyinc.com +1(312) 848-2947

$ 1,600,000

Est. payment -/mo

Save

New

1062 W Columbia AVE Chicago, IL 60626

15 Beds

8 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12432702

Bedrooms 15

Year Built 1950

Annual Tax Amount $18,873

Tax Year 2023

Lot Dimensions 37.5X175

Property Sub-Type Two to Four Units

Property Description

Amazing opportunity to own an oversized 4-unit building on a dead-end street. The building sits on a 37 x 175 lot that is 100 feet from a public beach on Lake Michigan (here the waves crash from the back decks). Just steps off Loyola Campus-easy access to the Metra, L train, and Lake Shore Drive. Lease dates-Garden Mnoth to month @ 2425; unit 1-8/26 @ 3950; unit 2 - 2/28/26 @ 3750; unit 3 - 10/25 @ 3750. 166500 in rent a year. Units can be upgraded-tons of room for the rents to grow. All the units have full kitchens, in-unit laundry, forced heat, and central AC. large bedrooms and a large common family room. Units 1 to 3 have back decks. Parking in the back for up to 8 (tandem parking). All brick building. The owner covers electricity and heat with the rent. (legal 4 units w. all the elcectirc and gas seperate - owner pays them as part of rent) Gas for 2024 was 6915; electric for 24 was 7096; 2024 water was approx. 3k; 24 insurance was 5306- No garbage fees. 126k net after all expenses. The roof was changed in 2024, and all the mechanicals have been updated since 2021. Look at addition tab for info plus cap rate sheet (7.8% true cap rate)

Location

State IL

County Cook

Area Chi - Rogers Park

Zoning MULTI

Rooms

Basement Finished, Exterior Entry, Partial

Interior

Heating Natural Gas

Fireplace N

Exterior

Community Features Lake, Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick,Block,Masonite, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick,Block,Masonite

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Sophia Klopas • Jameson Sotheby's Int'l Realty

Elijah Reese

Designated Managing Broker | License ID: 471019825

+1(312) 848-2947

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