Archive for the 'Multi-unit' Category

Buying, Rehabbing and Selling Within 3 Months in River North: 405 N. Wabash

This 2-bedroom penthouse unit in 405 N. Wabash just came on the market. If it looks familiar it’s because just sold 3 months ago, in September 2014. The new listing says that the “interior appointments” have been  “all refinished”. The unit now has ebony stained floors and new Bosch appliances in the kitchen. The listing […]

Third Biggest Story of 2014: Will the Apartment Market Stay Red Hot?

The apartment rental market in the GreenZone in Chicago was red hot in 2013. Occupancy rates in Class A buildings were above 95% for the first three quarters and only started weakening, but only slightly, in the fourth quarter. But thousands of new luxury rental apartments are slated to come on the market in 2014, […]

Are You Looking For A Complete Fixer On Beautiful Fullerton Parkway? 518 W. Fullerton Pkwy in Lincoln Park

This vintage 3-flat at 518 W. Fullerton Parkway in Lincoln Park became available a few weeks ago. It is for sale by owner. Built in 1885, it has been in the same family for decades. It is an all brick building on an extra long 25×175 lot. It has a 2-car garage. The property has […]

Not Everything Is Selling Quickly: A 3-Flat At 1832 W. Addison in North Center

We last chattered about this 3-flat at 1832 W. Addison in North Center in August 2012. (Yes- I finally have the right neighborhood on this one.) See our prior chatter here. And while our discussion evolved into whether or not it would be better to buy property in Berwyn versus this building, several of you […]

Just How Hot Are Lakeview 3-Flats? 825 W. Newport Is Listed Just $25K Above The 2002 Price

This 3-flat at 825 W. Newport in Lakeview recently came on the market. A lis pendens foreclosure was filed on it in April 2011. I can’t tell from the public record if it’s already bank owned but the listing says “offer now digitally accepted” and has the type of pictures associated with a bank owned property (the […]

Now’s The Time To Be A Landlord: Get A 3-Flat At 1832 W. Addison In Lakeview

This 3-flat at 1832 W. Addison in Lakeview came on the market in June 2012. It is located just four buildings to the west of the Addison Brown line stop. The 3 units have the following: Unit #1: 2/1, rented for $800 a month Unit #2: 2/1, rented for $1200 a month Unit #3: 4/2 […]

Lincoln Park 2-Flat Comes on the Market for Just $250,000: 1828 N. Bissell

This 2-flat at 1828 N. Bissell in Lincoln Park just came on the market priced at only $250,000. It’s so new I don’t even have a picture yet but Clio wanted to know: How many offers will it get? What will it sell for? The listing calls it an “investor’s dream.” Built in 1890 on a […]

You Could Have Bought This Lakeview 3-Flat for Just $375,000: 1615 W. Barry

This 3-flat at 1615 W. Barry in Lakeview has been on and off the market since 2009. In that time it has been reduced $220,000. It was recently dropped to $375,000 and has gone under contract (again)- as the property had been under contract in December 2011. Normally I don’t like to chatter about properties under […]

Get a 3-Flat Plus Coach House for Just $520K in Lincoln Park: 2327 N. Southport

This brick 3-flat plus coach house at 2327 N. Southport in Lincoln Park has been on the market since June 2011. In that time, it has been under contract once and has been reduced $125,000 to just $520,000. Built in 1886 on a 24×124 lot, the building still has some of its vintage features such […]

Buy a “Secret Haven” 4-Flat in Old Irving Park: 3908 N. Kedvale

My picture of this 4-flat at 3908 N. Kedvale doesn’t do the gardens out front any justice as I’m sure you have to see them in full bloom to really appreciate them (see the listing photos for better pics.) This is a unique multi-family property on a large 62.6×173.6 property.  Given the lot size, there […]