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1451 W Erie Street, Chicago, IL 60642
$1,725,000
1451 W Erie Street, Chicago, IL 60642View this property at 1451 W Erie Street, Chicago, IL 60642
1451 W Erie StreetChicagoIL60642
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Property Description
Located in the heart of Noble Square/West Town is this spectacular turnkey, 2016 gut renovated 6-unit investment opportunity. Excellent cash flow with low fixed costs and potential to increase cash flow. The property sits on a 25 x 125 lot and has 3 exterior parking spaces. The building offers diverse floorplans, featuring (4) 1-bedroom, 1-bath and (2) Duplex 2-bedroom, 2.1-bath. All units have Central Air/Gas Forced Heat, in-unit washers & dryers, condo grade kitchens and baths with quartz countertops, full backsplash and stainless steel appliances. Other updates in 2016 include new decks, new tear off roof, tuckpointing, new plumbing, drain tile, new doors & trim. Perfect arm chair investment in an exceptional location. Close by public transportation, expressways, Fulton Market, Wicker Park and more!!! Part of a 3 package building with 1843 W Thomas and 1363 W Walton.
Full Property Details
Full Property Details for 1451 W Erie St
General
- Sold For: $1,725,000
- Taxes: $18,026 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11727659
- Added to Site: 433 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces, Assigned Spaces
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Ashland to Erie, East to 1451
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Brick/Mortar, Other
- Roof: Rubber
- Stories/Levels: 3
- Current Bldg. Use: Legal Non-Conforming
- Year Built: 1885
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $26,570
- Assessment Year: 1885
- Tax Amount: $18,026
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17081160120000
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Schools
Schools serving 1451 W Erie St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
525 N Armour St, Chicago, IL 60642 | PK-8 | 0.1 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 0.5 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 1451 W Erie St
Date
Details
Price
Change
Source
1/08/2024
Sold
$1,725,000
-4.11%
MLS
2/28/2023
Listed
$1,799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1451 W Erie Street, Chicago, IL 60642 (MLS# 11727659) is a Commercial property that was sold at $1,725,000 on January 08, 2024. This property was listed by Dan Merrion from our Lincoln Park Office.Want to learn more about 1451 W Erie 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.