James Gramata
This listing was posted on James Gramata (via ListedBuy).
$1,100,000
1228 West Glenlake Avenue, Chicago, IL 60660
Price:
$1,100,000
BR/BA:
6 BR, 4 BA
Location:
1228 West Glenlake Avenue, Chicago, IL
Description:
Sunny, spacious and rare one of a kind multi-family investment property opportunity for investor or live-in owner. This beautiful solid and extra-wide high-income saleal property sales quickly and is fully leased into 2024, providing a reliable and steady income stream. Surrounded mostly by single-family homes on extra wide lots and located in the central heart of the Edgewater neighborhood offering a serene atmosphere with its beautiful tree canopies touching in the middle of the street and low density with close proximity to transportation, shops, groceries, retail, restaurants and lake and beach access. Also prime location near Loyola University and Northwestern University makes it a desirable choice for students and faculty. RS-3 Zoning. Oversized 37.5'x125' lot; $90,900 Gross Income; Approx $65k NOI; 5.83 CAP rate and a GRM of 12.10! The sales for these apartments are well above comparable rates in the area due to the exceptional quality the property offers. The top-floor apartment is truly one-of-a-kind, featuring luxury finishes, lofted ceilings, exposed brick, custom cabinetry built by the Amish, designer features throughout and an abundance of natural light. With two fireplaces, multiple windows, and three skylights, the living space is filled with a warm ambiance. On the first floor, a vintage unit awaits, offering three bedrooms, one central bathroom, and an updated kitchen with quartz countertops and new flooring. The property has been impeccably maintained, blending original details and vintage charms with tasteful modern updates. The refinished hardwood flooring and newer kitchens with quartz counters and stainless steel appliances further enhance the appeal. Three open-air side by side parking spaces in back off alley. In-unit laundry in the top unit, while the other units have access to laundry facilities in the high and dry basement laundry room. Some common tenant storage and bike room storage. The garden apartment features. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Amenities:
Fireplace, Parking, Storage, Wood Floors
For sale by:
Agent/Broker
Agent Name:
James Gramata
Posted:
August 4 2023 on ListedBuy
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More About this Listing: 1228 West Glenlake Avenue, Chicago, IL 60660
1228 West Glenlake Avenue, Chicago, IL 60660 is a Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 1228 West Glenlake Avenue in Chicago IL. Find other listings like 1228 West Glenlake Avenue, Chicago, IL 60660 and listings near 1228 West Glenlake Avenue by searching Oodle Classifieds for Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Chicago IL.
1228 West Glenlake Avenue, Chicago, IL 60660 is a Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 1228 West Glenlake Avenue in Chicago IL. Find other listings like 1228 West Glenlake Avenue, Chicago, IL 60660 and listings near 1228 West Glenlake Avenue by searching Oodle Classifieds for Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Chicago IL.