x
Address
1625 West Morse Avenue Chicago, IL
Price
$ 1,599,000
Property Attributes
  • MLS#10385506
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Rogers Park
  • NeighborhoodRogers Park
  • Zip60626
  • Style
  • Year Built2004
  • Taxes16100
  • Price$ 1,599,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Pearson Realty Group
Property Description

Great opportunity to own newer condo-quality 6 flat. Building consists of 2 simplexes and four duplex units and 6 garage parking spots. Fully Rented with income of $11,525 monthly. Building has been professionally managed since 2015 by a top notch company (City Habitat) and has a solid track record of consistent financial performance going back several years. Top of the line kitchen and baths. In-unit washer and dryer, all hardwood, fireplaces, tenant pays everything. 48 hour notice to show please. Property taxes were just successfully appealed (now estimated to be $16,100). Financials are a pro forma using 3-year averages for most expense projections. See attached Financial Statement showing past 3 years plus pro forma).

Price History
5/20/2019 Listed $1,699,999
6/11/2019 3% - $1,649,999
7/1/2019 2% - $1,624,999
7/31/2019 2% - $1,599,000

General Features

Age 7-15 Years
Built Before 1978 No
Electric Expense 737
Multi-Family Type Corridor-Interior Entrance, Other
Other Expenses 23410
Status Active
Tax Year 2018
Taxes 16100
Total Annual Income 141198
Total Units 6
Year Built 2004
Zoning MULTI

Interior Features

Air Conditioning Central Air
Board Number 8
Disposal(s) 6
Dryer(s) 6
Ranges 6
Refrigerators 6
Total Fireplaces 6
Total Monthly Income 11766
Total Stories 3
Unit Type 1 Rooms 7

Exterior Features

Acreage .15
Lot Dimensions 45X150
Number of Parking Spaces 6

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60626

Price
AVG $880K
$1.6M
Taxes
AVG $8,608
$16,100
Visits
AVG 25
89
Year Built
AVG 1921
2004
Walkscore
AVG 89
93
Data Provided by Walkscore ® not using MLS data