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1615 W Highland Avenue, Chicago, IL 60660
$3,295,000
1615 W Highland Avenue, Chicago, IL 60660View this property at 1615 W Highland Avenue, Chicago, IL 60660
1615 W Highland AvenueChicagoIL60660
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Property Description
Investment opportunity 6% cap to own a rare turnkey 13 unit brick building with coach house and garages on oversized lot in hot Edgewater neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to new roof and hot water heaters apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near university, restaurants, retail, lake and more. Some value add opportunities. Cash flowing asset. Additional properties for sale in portfolio. More photos and info forthcoming. Please send POF and sign NDA for financials.
Full Property Details
Full Property Details for 1615 W Highland Ave
General
- Price: $3,295,000
- HOA FEE: $1
- Taxes: $19,832 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12005899
- Updated: 4/10/2024
- Added to Site: 32 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Edgewater
- County: Cook
- Driving Directions: A block west off Clark Street and a block south of Devon Ave
Heating & Cooling
- Heating Type: Central Building Heat
Utilities
- Trash: 1
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Year Built: 1917
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 12,751
- Lot Dimensions: 66 x 176
Financial Considerations
- Maint. Fee: $1
- Insurance Fee: $1
- Operating Expenses: $1
- Other Fee: $1
- Assessment Year: 1917
- Tax Amount: $19,832
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 1
- Pays Trash: 1
Disclosures and Reports
- Property ID: 14062070120000
Listed by Trelleum LLC
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Schools
Schools serving 1615 W Highland Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1518 W Granville Ave, Chicago, IL 60660 | PK-8 | 0.2 mi | |
5900 N Glenwood Ave, Chicago, IL 60660 | 9-12 | 0.6 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 1615 W Highland Ave
Date
Details
Price
Change
Source
3/26/2024
Listed
$3,295,000
124.15%
MLS
4/22/2021
Sold
$1,470,000
—
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 1615 W Highland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$36,059
2%
$175,314
—
2021
$35,254
17%
$175,314
30%
2020
$30,083
13%
$135,039
—
2018
$26,675
-2%
$135,039
—
2019
$27,131
17%
$135,039
26%
2017
$23,138
7%
$107,485
—
2016
$21,528
9%
$107,485
—
2015
$19,696
14%
$107,485
15%
2014
$17,308
2%
$93,283
—
2013
$16,966
1%
$93,283
—
2012
$16,739
—
$93,283
—
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 1615 W Highland Ave
1615 W Highland Avenue, Chicago, IL 60660 (MLS# 12005899) is a Commercial property. 1615 W Highland Avenue is currently listed for $3,295,000 and was received on March 26, 2024. Want to learn more about 1615 W Highland Avenue? Do you have questions about finding other Commercial real estate for sale in Edgewater? You can browse all Edgewater real estate or contact a Coldwell Banker agent to request more information.