4418 N Wolcott Avenue Chicago, IL $ 2,625,000
4418 N Wolcott Avenue
$ 2,625,000
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4418 N Wolcott Avenue

Chicago, IL, 60640
$ 2,625,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 11,053

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Commercial Property for sale in Chicago, IL

for $2,625,000. This building was built in 1918 on a lot size of 90 X 124.

4 N. Wolcott. Rarely available multi-unit property in prime Ravenswood location. All unusually large apartments with formal living and dining rooms plus front sun rooms in 9 of the apartments. 4 one bedroom, 3 two bedroom and 3 three bedroom. Kitchens and baths updated in apartment grade finishes over the years when came vacant and if needed. Mostly all hardwood floors throughout. New roof on building and garages in 2019. New steam heating system installed 2018 Hot water tank 3-4 Years young. Rear porches have all been rebuilt and expanded giving every apartment a nice deck off the back of their unit overlooking the spacious green area of the large yard. Owner has maintained and managed this property for 50 years. Some long term tenants with room for rent increases. One of the 3 bedroom units 1st floor has a discount rent as they help out owner with lawn care and snow removal. Two units vacant for availability of showings at this time, Fully rented gross income $189384. Net $155870. Cap rate 5.9.

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Commercial Active

Price

$ 2,625,000

Property Type

Commercial

Taxes

$ 12,302

Style

5+ Family

Lot Size

90 X 124

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

10916649

Features
Interior
Basement Unfinished Walk-Out
Heating System Central Heat Gas Radiators Steam
Water Source Municipal
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Exterior
Construction Brick Concrete Stone
Exterior Balcony Finished Stone Outdoor Lighting Storms/Screens
Land Improvements Curbs & Gutters Sidewalks
Parking Indoor Parking
Roof Flat Roof Membrane Rubber
Siding Brick
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Miscellaneous
Location Business District
Public Transportation Location Public Transit
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Rental
Tenant Pays Electric
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* Excluded Features
List By
Compass

Broker

Affordability Calculator

$12,078
Per Month
92%
8%
0%
Monthly Principal & Interest
$11,053
Monthly Property Taxes
$1,025
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 2.99% 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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4418 N Wolcott Avenue, Chicago, IL, 60640 is a Commercial Property for sale at $2,625,000 with a lot size of 90 X 124. 4418 N Wolcott Avenue has 0.0 baths and was built in 1918. The property's zip code is 60640 which is in Chicago, IL