2048 W Evergreen Ave

Chicago, IL 60622 View Map $1,198,888 Schedule a Tour
Beds7
Baths5
Acres0.03
Year1915
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Tim Stassi

Tim Stassi

(312) 371-1070
 
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Status: Active
Property Type:Multi Family- 2-4 Units
MLS #:11281352
On Site:45 Days
Lot Size:0.03 Acres
County:Cook
Completely renovated, no-expense-spared, turn-key, three (3) unit investment property for sale in the prime Wicker Park neighborhood complete with a fully-furnished first floor unit and equipped with a high-tech entertainment system and art from Chicago's famous local artists. First floor can also be used as an Owner's unit while the two three (3) bedroom / two (2) bathroom units above help pay the mortgage and earn an income. On the first floor is a one of a kind Owner's unit. Boasting 12' ceilings, original and well-maintained tin ceiling tiles, furnishings including custom artwork designed by Chicago's own Chris Knight Creations (included at no additional cost), and a state of the art smart home setup including fabulous media room, this unit is an entertainer's dream. The second and third floor are nearly identical three (3) bedroom / two (2) bathroom layouts, each completely gut-rehabbed in premium fashion from floor to ceiling (literally). The kitchen has been appointed with luxuriously warm finishes and new stainless steel appliances. The bathrooms on the first, second and third floor each have dual vanities and luxury finishes. The units include new plumbing, electrical, gas lines, water service line, insulation (both sound and heat), drywall, roof, HVAC, and a rebuilt enclosed porch. Specifically, the kitchen includes new stainless steel appliances, granite countertops, and a convenient and easy to use coil spring neck kitchen faucet. Each bedroom can fit a king bed and have room for a small desk. The primary bedroom has access to a beautiful dual vanity and walk-in shower. The second bathroom also has an exquisite double vanity and tub. Tenants love these offerings resulting in premium rents. Dream Location - You (and / or your tenants) will be perfectly situated to enjoy Chicago's fantastic nightlife and food scene in the thriving and growing Wicker Park and Ukrainian Village neighborhoods, both of which are just steps from your front door. A 10 minute Uber / cab or just a 15 minute train ride takes you into downtown Chicago Central Business District. Most importantly, relax as a landlord / owner knowing the key structural & essential components (i.e. water heaters, HVAC, roof, electrical wiring, gas lines, plumbing, etc.) and nearly everything else in this building has been replaced or upgraded in 2018 to meet and exceed modern code and standards. Nothing significant needs to be done for years / decades. Note, these were significant cost investments of the current owner. Details: Please refer to listing broker for detailed historical property financials or of rehab and remodel project. Lease Comments: Building was leased during 2020 at below normal market levels because the owner wasn't in town to manage the re-lease. Property has opportunity for significant lease appreciation.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:2048 W Evergreen Ave Chicago, IL 60622
County:Cook
City:Chicago
School District:299
Township:West Chicago
Zip Code:60622

Architecture

Bedrooms: 7
Bathrooms: 5
Year Built:1915
Exterior Construction Type: Brick
Total # Units in Building: 3
Age Range: 100+ Years
Basement: Crawl
Basement Type: Full

Features / Amenities

Equipment: Ceiling Fan(s)
Cars: 0
Heat Source / Type: Natural Gas, Forced Air
Total Rooms:18

Property Features

Lot Size: 0.03 Acres
Lot Dimensions:Less Than .25 Acre
Sewer: Public Sewer
Water: Lake Michigan, Public
Zoning:MULTI
Directions:West on Division St to Right on Hoyne Ave (N) to Right on Evergreen Ave (E) to #2048; OR South on Damen Ave to Right on Potomac (W) to Right on Hoyne (N) to Right on Evergreen (E) to #2048

Tax and Financial Info

Tax Year: 2019
Tax Annual Amount: $17,018
Ownership: Fee Simple
Gross Income: $90,500

Schools

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2048 W Evergreen Ave Chicago, IL 60622
GO SEE THIS LISTING
2048 W Evergreen Ave Chicago, IL 60622
 
ASAP
Tue
18
Jan
Wed
19
Jan
Thu
20
Jan
Fri
21
Jan
Sat
22
Jan
Sun
23
Jan
Mon
24
Jan
Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Soloma Realty.

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of January 17, 2022 10:30 AM CST. 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.

Properties displayed may be listed or sold by various participants in the MLS