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DESCRIPTION

Stunning, fully renovated 3-flat in an incredible East Village location on beautiful Wood street in the heart of everything West Town has to offer! Incredible turnkey investment opportunity full of possibilities, keep as full income, owner-occupied with income or convert to single family home. Fully rented through spring/summer 2022. Features two 2 bedroom (plus office), 1 bath apartments and one 2 bedroom, 1 bath apartment, super easy to rent. New water service to building, new roof and full tuck pointing! New flooring, central air, hot water heaters, HVAC, updated electric, granite, stainless steel appliances, subway tile back splash, grohe faucet, tile in bathroom, in-unit laundry in all three apartments, enclosed porch, 2 car garage, common outdoor patio just sanded and painted. Amazing rental income already in place but could be even higher post-Covid - $6650/month or $79,800 per year.

KEY DETAILS
  • Price:
  • $1,155,000
  • Bedrooms:
  • 6
  • Square Footage:
  • n/a
  • Acreage:
  • 0.07
  • Year Built:
  • 1885
  • MLS #:
  • MRD11125230
  • Street Address:
  • 848 N Wood St
  • City:
  • Chicago
  • State:
  • IL
  • Postal Code:
  • 60622
  • County:
  • Cook
  • Area:
  • West Town
  • Listing Status:
  • For Sale - Active

Building

  • Age Of Dwelling:
  • 100+ Years
  • Basement Description:
  • Crawl
  • Exterior Description:
  • Brick
  • Exterior Features:
  • Patio, Storms/Screens
  • Stories:
  • 3 Flat
  • Year Built:
  • 1885

Business

  • Annual Insurance Expenses:
  • 3300
  • Annual Water/Sewer Expenses:
  • 1085
  • Gross Income:
  • 79800
  • Net Operating Income:
  • 64192

Land

  • Conforms To Zoning:
  • Multi
  • Lot Size:
  • Standard Chicago Lot

Listing

  • Days On Market:
  • 25
  • Originating Mls:
  • Mred

Money

  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $11,223
  • Tax Year:
  • 2019

Rooms

  • Total Rooms:
  • 15

Structures

  • Garage Capacity:
  • 2
  • Garage Description:
  • Detached
  • Garage Parking Spaces:
  • 2

Systems

  • Existing Water:
  • Lake Michigan
  • Heating:
  • Natural Gas, Forced Air
  • Sewage Type:
  • Public Sewer

Source

  • Listing Provided By Berkshire Hathaway Homeservices Chicago

    ILMRED
REQUEST SHOWING
SCHOOL RATINGS
n/a

TALCOTT ELEMENTARY SCHOOL
Elementary School
Public

n/a

TALCOTT ELEMENTARY SCHOOL
Junior High School
Public

n/a

WELLS COMMUNITY ACADEMY SENIOR H
High School
Public

NOTES

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