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1143 N Rockwell Street, Chicago, IL 60622
$1,999,995
1143 N Rockwell Street, Chicago, IL 60622View this property at 1143 N Rockwell Street, Chicago, IL 60622
1143 N Rockwell StreetChicagoIL60622
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Property Description
Investor's Dream Opportunity in West Town Chicago! Welcome to an exceptional investment opportunity in the highly sought-after West Town Chicago neighborhood! This rarely available multi-unit property is the perfect choice for cash buyers seeking a solid investment to park their money and secure reliable returns. Property Highlights: Prime Location: Nestled in the heart of West Town, this all-brick building stands out as a gem in the real estate market. Income Generator: With a total of 9 units, this property is currently 100% leased, providing an immediate and steady stream of income for savvy investors. Zoning Advantage: Enjoy the benefits of C1-2 zoning on an extra-deep lot, allowing for versatile use and potential future development opportunities. Solid Structure: The enduring appeal of an all-brick construction ensures lasting value and low maintenance costs. Modern Upgrades: Benefit from newer windows that enhance energy efficiency and aesthetic appeal. Financial Snapshot: Stable Income: All 9 units are currently leased, ensuring a reliable and consistent rental income. Desirable Zoning: C1-2 zoning opens up various possibilities for maximizing returns, making this property an attractive investment choice. Low Vacancy Risk: The strong demand for rental units in the West Town area minimizes the risk of vacancies, contributing to a robust cash flow. Investment Potential: Strategic Frontage: Boasting approximately 29 ft x 175 ft frontage on Rockwell, the property offers a strategic location for visibility and accessibility. Separate Utilities: Individual meters for utilities provide convenience for both landlord and tenants, enhancing the property's appeal. Investor-Friendly Documentation: An Offering Memorandum is available to provide comprehensive insights into the investment potential and financial details. Why West Town? West Town is renowned for its vibrant community, excellent amenities, and proximity to the city's cultural and business hubs. The neighborhood's ongoing growth and development make it an ideal location for investors looking for long-term appreciation. Opportunity Awaits! Seize this rare opportunity to invest in a prime West Town Chicago multi-unit property. Whether you're a seasoned investor or looking to diversify your portfolio, this offering is sure to meet your criteria for a solid and lucrative investment. Available Offering Memorandum! Don't miss out on this chance to secure your financial future through a wise real estate investment.
Full Property Details
Full Property Details for 1143 N Rockwell St
General
- Price: $1,999,995
- Taxes: $15,623 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11968091
- Updated: 4/7/2024
- Added to Site: 68 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: ROCKWELL IS ONE WAY NORTH FROM AUGUSTA
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Trash: 1896
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1893
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,700
- Lot Dimensions: 25 x 175
- Frontage: City Street
- Potential Use: Commercial, Condominium, Multi-Family
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $8,052
- Assessment Year: 1893
- Tax Amount: $15,623
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 6000
- Pays Trash: 1896
Disclosures and Reports
- Property ID: 16014020520000
Listed by eXp Realty, LLC
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Schools
Schools serving 1143 N Rockwell St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2450 W Rice St, Chicago, IL 60622 | PK-8 | 0.4 mi | |
1147 N Western Ave, Chicago, IL 60622 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1143 N Rockwell St
Date
Details
Price
Change
Source
4/01/2024
Price Reduced
$1,999,995
-9.09%
MLS
2/20/2024
Listed
$2,200,000
121.11%
MLS
8/16/2022
Sold
$995,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1143 N Rockwell St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$15,623
2%
$75,957
—
2021
$15,274
34%
$75,957
48%
2020
$11,416
11%
$51,246
—
2019
$10,296
2%
$51,246
—
2018
$10,123
21%
$51,246
32%
2017
$8,379
7%
$38,925
—
2016
$7,796
9%
$38,925
—
2015
$7,133
-1%
$38,925
—
2014
$7,222
2%
$38,925
—
2013
$7,079
1%
$38,925
—
2012
$6,985
—
$38,925
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1143 N Rockwell St
1143 N Rockwell Street, Chicago, IL 60622 (MLS# 11968091) is a Commercial property. 1143 N Rockwell Street is currently listed for $1,999,995 and was received on February 20, 2024. Want to learn more about 1143 N Rockwell Street? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.