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4848 N Tripp Avenue

Chicago, IL 60630
  • $599,000
  • STATUS: Active Under Contract
  • ON SITE: 134 Days
  • MLS #: 11468430
Under Contract
$599,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:
299

Description

Fantastic opportunity for investment in Mayfair neighborhood of Chicago. Legal Two Flat Brick Building. In law arrangement in basement. Neither seller nor agent represents legality of garden unit. Each unit has separate: furnace, central air conditioning, hot water tank, gas and electric. ALL UNITS ARE RENTED. Two units (garden and 2nd floor) are updated and one unit (1st floor apartment)has not been updated. GARDEN UNIT is an updated four room apartment with 2 bedrooms and 1 bathroom. Kitchen with granite countertops and stainless steel appliances. Nice full bath with soaking tub. Can lights and vinyl floors. Rented with 1 year lease starting October 1st 2022, for $1,300/month. All utilities are paid by the owner. UNIT #2 NOT UPDATED first floor level. Large 6 room apartment with living room, formal dining room, large kitchen, 2 bedrooms and bonus room which can be used as 3rd bedroom or office. This unit is not updated. Rented for $1,275/mo with lease expiring at the end of February 2023, plus $100/month for the 2 car garage. All utilities are paid by the tenant. UNIT #3 UPDATED second floor level. Outstanding 6 room apartment, featuring living room, separate dining room, 2 bedrooms, 1 bath and bonus room which can be used as 3rd bedroom or office. Rented with one year lease starting October 1st 2022 for $1,550/mo. All utilities are paid by the tenant. Laundry room in the basement with coin operated washer and dryer. Detached 2 car garage and easy street parking. Upgrades: *2020 New Rubber Roof, New 40 gallon hot water tank for garden unit/common area and 2nd floor unit. *2019 updated garden unit and 2nd floor unit, new dishwasher 2nd floor unit, new appliances (fridge, stove, microwave) for garden and 2nd floor unit. *2018 new windows, new concrete patio, new commercial coin based washer & dryer, new furnace garden unit, new central air conditioning all 3 units. Extra income $250 per month from the garage and coin laundry. Close to shopping and public transportation. Easy access to downtown Chicago and suburban areas. Don't miss this great opportunity.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-30T23:58:42.09 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4848 N Tripp Avenue Chicago, IL 60630

  • Price: $599,000
  • Status: Active Under Contract
  • On Site: 134 Days
  • MLS #: 11468430
6
Beds
0
Baths
0
½ Baths
0.08
Acres
Neighborhood:
Chi - Albany Park
County:
Cook
Area:
Chi - Albany Park
School District:
299
Property Description
Fantastic opportunity for investment in Mayfair neighborhood of Chicago. Legal Two Flat Brick Building. In law arrangement in basement. Neither seller nor agent represents legality of garden unit. Each unit has separate: furnace, central air conditioning, hot water tank, gas and electric. ALL UNITS ARE RENTED. Two units (garden and 2nd floor) are updated and one unit (1st floor apartment)has not been updated. GARDEN UNIT is an updated four room apartment with 2 bedrooms and 1 bathroom. Kitchen with granite countertops and stainless steel appliances. Nice full bath with soaking tub. Can lights and vinyl floors. Rented with 1 year lease starting October 1st 2022, for $1,300/month. All utilities are paid by the owner. UNIT #2 NOT UPDATED first floor level. Large 6 room apartment with living room, formal dining room, large kitchen, 2 bedrooms and bonus room which can be used as 3rd bedroom or office. This unit is not updated. Rented for $1,275/mo with lease expiring at the end of February 2023, plus $100/month for the 2 car garage. All utilities are paid by the tenant. UNIT #3 UPDATED second floor level. Outstanding 6 room apartment, featuring living room, separate dining room, 2 bedrooms, 1 bath and bonus room which can be used as 3rd bedroom or office. Rented with one year lease starting October 1st 2022 for $1,550/mo. All utilities are paid by the tenant. Laundry room in the basement with coin operated washer and dryer. Detached 2 car garage and easy street parking. Upgrades: *2020 New Rubber Roof, New 40 gallon hot water tank for garden unit/common area and 2nd floor unit. *2019 updated garden unit and 2nd floor unit, new dishwasher 2nd floor unit, new appliances (fridge, stove, microwave) for garden and 2nd floor unit. *2018 new windows, new concrete patio, new commercial coin based washer & dryer, new furnace garden unit, new central air conditioning all 3 units. Extra income $250 per month from the garage and coin laundry. Close to shopping and public transportation. Easy access to downtown Chicago and suburban areas. Don't miss this great opportunity.
Exterior Features

Exterior Building Type Brick Exterior Features PatioStorms/Screens Foundation Details Concrete Perimeter Garage Details Garage Door Opener(S)Transmitter(S) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Features Common GroundsChain Link FenceOutdoor LightingSidewalksStreetlights Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Details Garage Roof RubberFlat Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bathroom Soaking Tub Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced AirSep Heating Systems - 2+Indv Controls Room Type Sun Room Rooms Bedroom 2 Bedroom 3 Bedroom 4 Dining Room Family Room Kitchen Laundry Living Room Master Bedroom Rooms Total 15

Property Features

Age Unknown Built Before1978 YN Yes Community Features ParkPoolTennis Court(S)CurbsSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Corporate Limits Chicago General Information School Bus ServiceCommuter BusCommuter TrainInterstate Access Gross Income 53160 Insurance Expense 656 Maintenance Expense 200 Mls Actual Status Contingent Net Operating Income 39322 New Construction YN No Other Additional Income Coin LaundryGarage/S Other Equipment Co DetectorsCeiling Fan(S)Multiple Water Heaters Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 8883.11 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 4210 Township Jefferson Type Two To Four Units Water Source Public Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Hometown Real Estate Group Llc: 773-625-1121.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-30T23:58:42.09 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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