1003 W Armitage Avenue Chicago, IL ^$ 2,799,900

1003 W Armitage Avenue

^$ 2,799,900

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1003 W Armitage Avenue

Chicago, IL, 60614

^$ 2,799,900

Bedrooms5 Baths0.0 Sq 5,009

Monthly Estimate*

^$ 18,609

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Multi-Family Home for sale in Chicago, IL

for $2,799,900 with 5 bedrooms. This 5,009 square foot home was built in 1886 on a lot size of 0.055165.

Very rare & premier investment opportunity! fully stabilized, gutted, mixed-use investment property located on the most desirable LINCOLN PARK Street with 6.84% CAP Rate . 4 APRARMENTS and 1 Retail Space * 100% Leased * Located just across the street from the Chicago Transit Authority's (CTA) Brown Line L Train Stop at Armitage. * Stable Operating Income with Potential for Rent Increase * Tenants Pay All Utilities * 2022 Completed New Roof * 2022 New AC Condenser. For Each Unit Features Hardwood Floors, In-unit Laundry, Quartz Countertops, Stainless Steel Appliances, and Individual HVAC Units.

Multi-Family Active

Price

^$ 2,799,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 30,363

Style

Lot Size

0.055165

Year Built

1886

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11925060

Features

Exterior

Total Parking 3

Foundation Details Concrete Perimeter Stone

Building Area Total 5009

Lot Dimensions 25*125

Exterior Brick

General

Construction Materials Concrete Stone

Year Built 1886

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat

Stories 3

Tax Year 2022

Gross Income 234318

County Cook

Net Operating Income 191598

Operating Expense 43442

Insurance Expense 7326

Property Type Commercial Sale Multi Family 5+

Status Active

Directions Sheffield to Armitage West to 1003

City Chicago

NumberOfUnitsTotal 5

MLS Area CHI - Lincoln Park

Lot Size Square Feet 2403

Street Name Armitage

Tax Annual Amount 30363

Electric Expense 276

Fuel Expense 0

Trash Expense 1423

Water Sewer Expense 854

Additional Parcels Y/N N

Days on Market 7

Standard Status Active

Interior

Street Suffix Avenue

* Excluded Features

List By

Citywide Real Estate

Broker

jcui@zhouagency.com

Affordability Calculator

$21,139

Per Month

Monthly Principal & Interest: $18,609
Monthly Property Taxes: $2,530
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$645,608

Percent of Sale Price 77%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/6/2023	$2,799,900		Listed Price

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1003 W Armitage Avenue, Chicago, IL, 60614 is a Multi-Family Home for sale at $2,799,900 with 5,009 sqft and a lot size of 0.055165. 1003 W Armitage Avenue has 5 bedrooms, 0.0 baths, and was built in 1886. The property's zip code is 60614 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/6/2024.

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1003 W Armitage Avenue

Multi-Family Home for sale in Chicago, IL

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