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1502 W Jackson Boulevard, Chicago, IL 60607
$1,999,000
1502 W Jackson Boulevard, Chicago, IL 60607View this property at 1502 W Jackson Boulevard, Chicago, IL 60607
1502 W Jackson BoulevardChicagoIL60607
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Property Description & Video
1502 W Jackson Boulevard, Chicago, ILVideo Tour of 1502 W Jackson Boulevard, Chicago, IL.
Eligible for the Illinois Historic Preservation Tax Credit Program, this handsome assemblage located in the Jackson Boulevard Historic District is rich with history and unlimited potential. This property offers a unique opportunity for residential redevelopment or income-producing units, making it a remarkable investment opportunity. The properties at 1500-1502 Jackson Boulevard, have been divided into eight income-producing apartments. Each unit has been thoughtfully designed to optimize functionality while preserving the historical character of the building. With a mix of one and two-bedroom units, this property presents an exceptional opportunity for rental income. The demand for housing in this area is consistently high due to its proximity to renowned institutions such as the University of Illinois at Chicago, Rush Hospital, Skinner Park, and the United Center. The adjacent property at 1504 W. Jackson is currently listed as a single-family townhome. Built in 1890, this historic gem reflects the architectural charm of its era, boasting intricate details and timeless elegance. Beyond its potential as an income-producing property, this distinguished property holds significant historical value within the Jackson Boulevard historic district. The possibilities are endless for those seeking a distinctive investment or a place to call home. This property is primed to become a showcase of modern living while paying homage to its remarkable past.
Full Property Details
Full Property Details for 1502 W Jackson Blvd
General
- Price: $1,999,000
- Taxes: $19,300 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11912719
- Updated: 2/2/2024
- Added to Site: 188 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 3
Location
- Area: CHI - Near West Side
- County: Cook
- Township: West Chicago
- Driving Directions: Ashland to Jackson and East to Property. Park on Laflin.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Structural Information
- Exterior Const.: Brick
- Foundation: Block, Stone
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1885
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 2
Lot Features
- Lot Dimensions: 3455
- Potential Use: Condominium, Multi-Family, Single Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,429
- Operating Expenses: $40,668
- Assessment Year: 1885
- Tax Amount: $19,300
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 580
Disclosures and Reports
- Property ID: 17171100460000
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 1502 W Jackson Blvd
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1260 W Adams St, Chicago, IL 60607 | K-8 | 0.3 mi | |
54 N Hermitage Ave, Chicago, IL 60612 | K-8 | 0.5 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 1.5 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 1502 W Jackson Blvd
Date
Details
Price
Change
Source
10/25/2023
Listed
$1,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1502 W Jackson Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$19,300
2%
$93,517
—
2021
$18,867
51%
$93,517
67%
2020
$12,511
-6%
$55,974
-15%
2019
$13,275
2%
$65,855
—
2018
$13,051
26%
$65,855
38%
2017
$10,329
8%
$47,819
—
2016
$9,578
9%
$47,819
—
2015
$8,763
3%
$47,819
4%
2014
$8,548
2%
$46,074
—
2013
$8,380
1%
$46,074
—
2012
$8,268
—
$46,074
—
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 1502 W Jackson Blvd
1502 W Jackson Boulevard, Chicago, IL 60607 (MLS# 11912719) is a Commercial property. 1502 W Jackson Boulevard is currently listed for $1,999,000 and was received on October 25, 2023. Want to learn more about 1502 W Jackson Boulevard? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.