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533 W Wrightwood Avenue, Chicago, IL 60614
$1,100,000 Contingent
533 W Wrightwood Avenue, Chicago, IL 60614View this property at 533 W Wrightwood Avenue, Chicago, IL 60614
533 W Wrightwood AvenueChicagoIL60614
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Property Description
533 W. Wrightwood Ave., located in the heart of Lincoln Park, the most sought-after neighborhood in Chicago. Located in an A+ location, this building offers (1) 2 Bedroom 2 Bath Duplex & (4) 1 Bedroom 1 Bath Units. The current owner updated three of the five units extensively with condo-quality finishes and HVAC systems. The remaining two units allow a qualified investor to create a value-add opportunity by updating the units and bringing the rents to market. The pride of ownership is shown in how meticulous and pristine the property condition is. It also boasts a high-tech door and intercom system that tenants and owners can operate via a smartphone or tablet app. The capital improvements include, but are not limited to, newer windows, electric supply, in-unit electric breakers and panels, HVACs, boiler system, and masonry work. An Offering Memorandum with more details is available upon request. **NOTE** Dramatic price drop as the seller is motivated and ready to entertain offers.
Full Property Details
Full Property Details for 533 W Wrightwood Ave
General
- Price: $1,100,000
- HOA FEE: $1,625
- Taxes: $21,101 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12031132
- Updated: 4/24/2024
- Added to Site: 13 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - Lincoln Park
- County: Cook
- Township: Lake View
- Driving Directions: WRIGHTWOOD (2600 N), EAST OF CLARK
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Central Building Heat, Central Heat/Individual Controls, Forced Air, Gas, Radiators, Individual Furnaces
Utilities
- Onsite: Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick, Stone
- Stories/Levels: 3
- Square Feet: 3,300
- Current Bldg. Use: Multi-Family
- Year Built: 1878
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 1
Lot Features
- Lot Dimensions: 25' x 50'
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1,625
- Insurance Fee: $2,487
- Operating Expenses: $34,703
- Other Fee: $825
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1878
- Tax Amount: $21,101.1
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 517
Disclosures and Reports
- Documents Avail.: Backup Package
- Property ID: 14283180040000
Listed by Jameson Commercial
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Schools
Schools serving 533 W Wrightwood Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2625 N Orchard St, Chicago, IL 60614 | PK-8 | 0.2 mi | |
2001 N Orchard St, Chicago, IL 60614 | 9-12 | 0.8 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 533 W Wrightwood Ave
Date
Details
Price
Change
Source
4/16/2024
Listed
$1,100,000
78.86%
MLS
1/20/2009
Sold
$615,000
—
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 533 W Wrightwood Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$21,101
-3%
$102,591
-5%
2021
$21,745
37%
$108,135
52%
2020
$15,887
-8%
$71,318
-17%
2019
$17,220
2%
$85,710
—
2018
$16,931
6%
$85,710
15%
2017
$16,005
4%
$74,350
-4%
2016
$15,462
—
$77,197
-9%
2015
$15,523
32%
$84,712
34%
2014
$11,732
2%
$63,235
—
2013
$11,501
-9%
$63,235
-10%
2012
$12,632
—
$70,396
—
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 533 W Wrightwood Ave
533 W Wrightwood Avenue, Chicago, IL 60614 (MLS# 12031132) is a Commercial property. 533 W Wrightwood Avenue is currently listed for $1,100,000 and was received on April 16, 2024. Want to learn more about 533 W Wrightwood Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.