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2738 W Balmoral Avenue, Chicago, IL 60625
$655,000
2738 W Balmoral Avenue, Chicago, IL 60625View this property at 2738 W Balmoral Avenue, Chicago, IL 60625
2738 W Balmoral AvenueChicagoIL60625
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Property Description
Back on the market, the buyer changed their mind, however, an opportunity exists for you to own so this solid yellow brick building with a total area of 4,515 sq. ft. and sits on an oversized Chicago lot of 5,007 sq. ft. in the Budlong Woods/Lincoln Square area. The building consists of two units. Units 1 and 2 are both 1,350 sq. ft. and have three bedrooms, two full bathrooms, and a large living room with expansive picture windows. The first and second-floor units have generous kitchens with ample-sized dining rooms. The garden/in-law unit has two bedrooms, one full bathroom, a kitchen, and a living room. The building has a total of eight bedrooms and five full bathrooms, and all kitchens feature separate eating areas. The images displayed are of Unit 2, which has newly installed vanities, medicine cabinets, soft-close Kohler toilets, and new lighting in both bathrooms. The kitchen has solid wood cabinets, a pantry closet, laminate tile flooring, a new Whirlpool stainless steel refrigerator, and a new Samsung self-clean gas range. The unit was freshly painted in 2022, and most rooms have new lighting, while all rooms in Unit 2 have new blinds. The first-floor unit has a similar floor plan and a long-term tenant. It is equipped with central air conditioning and has hardwood floors in the living room, dining room, and bedrooms. The garden/in-law apartment, which is almost at ground level, is currently vacant and features full-size windows, a living room with a large picture window, a kitchen with an eating area, two large bedrooms, and a good-sized bathroom. The building has a great outdoor porch space for Units 1 and 2, perfect for summertime enjoyment. There are three parking spaces, one per unit off the alley, and separate utilities except water. The building has installed two new Rheem water heaters in the last 3-9 months. Units 2 and the garden unit require window air conditioners. While rents are currently under market value, this property represents a great opportunity to purchase a value-add asset. However, neither the owner nor the broker represents the legality of the garden/in-law unit. The building is sold in "AS IS" condition. It is conveniently located near transportation, shopping, restaurants, hospitals, schools, River Park with an athletic center, and many other amenities.
Full Property Details
Full Property Details for 2738 W Balmoral Ave
General
- Sold For: $655,000
- Taxes: $13,173 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11939746
- Added to Site: 168 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Intercom, Multiple Water Heaters
Exterior
- Exterior Features: Storms/Screens
Parking
- Total Spaces: 3
- Parking Features: Assigned, Off-Alley, Alley Access
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: CHI - Lincoln Square
- County: Cook
- Driving Directions: California to Rascher east to Washtenaw south to Balmoral west to building.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Baseboard, Sep Heating Systems - 2+
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Full
- Roof: Asphalt
- Year Built: 1953
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Manufactured Home
- Model: 2FLAT
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 5007
- Lot Features: Sidewalks, Streetlights
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1953
- Tax Amount: $13,173.04
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13122130690000
Listed by Procure Realty Group
Sold by Compass
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Schools
Schools serving 2738 W Balmoral Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5650 N Mozart St, Chicago, IL 60659 | PK-8 | 0.3 mi | |
5835 N Lincoln Ave, Chicago, IL 60659 | 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 2738 W Balmoral Ave
Date
Details
Price
Change
Source
3/26/2024
Sold
$655,000
-9.02%
MLS
1/11/2024
Price Reduced
$719,900
-5.26%
MLS
12/01/2023
Listed
$759,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2738 W Balmoral Avenue, Chicago, IL 60625 (MLS# 11939746) is a Multi-Family property that was sold at $655,000 on March 26, 2024. Want to learn more about 2738 W Balmoral Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lincoln Square? You can browse all Lincoln Square real estate or contact a Coldwell Banker agent to request more information.