Chicago, IL 60613,3615 N Wilton AVE
Chicago, IL 60613,3615 N Wilton AVE
Chicago, IL 60613,3615 N Wilton AVE
Chicago, IL 60613,3615 N Wilton AVE
Chicago, IL 60613,3615 N Wilton AVE
Chicago, IL 60613,3615 N Wilton AVE
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$3,695,000

$3,900,000

5.3%
Est.Price: ?

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Est. payment /mo

8,509 SqFt


SOLD DATE : 02/28/2025

Key Details

Sold Price $3,695,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 8,509 sqft

Price per Sqft $434

MLS Listing ID 12206392

Sold Date 02/28/25

Maintenance Fees $9,050

Year Built 2024

Annual Tax Amount $26,374

Tax Year 2023

Lot Dimensions 24X125

Property Sub-Type Multi Family 5+

Property Description

TOTAL Gut Rehab/New Construction All-Brick 5-Unit Building in Prime East Lakeview! Each expansive, condo-quality unit is crafted with designer finishes and showcases a modern, open-concept floor plan that makes an impression. Key Features: * Spacious Condo-Quality Units: Generous floor plans with high ceilings, abundant natural light, and sleek hardwood floors throughout, including common areas. * Perfect for Roommates: Each bedroom is equally sized, comfortably fitting a queen bed and dresser. * Gourmet Kitchen & Designer Finishes: Modern and stylish kitchens open into bright, airy living spaces, perfect for entertaining. * Luxurious Conveniences: Full-size front load washer/dryer in every unit, central A/C, individual furnaces, and a security intercom system for peace of mind. * Outdoor Living: Enjoy multiple outdoor spaces to soak in the city vibes. Rent Roll/Financials: 5,600 = 4 bed / 3 bath garden #G, 6,000 = 4 bed / 3 simplex #1, 6,200 = 4 bed / 3 bath simplex #2, 6,200 = 4 bed / 3 bath simplex #3, 5,000 = 3 bed / 3 bath penthouse #4, 700 = 3 Parking Spaces (rented 2 for 350 each), 29,700 = Monthly Rent, 6,650 = Annual Move-In Fees, TOTAL Annual Rental Income = 363,050, TOTAL Annual Operating Expenses = 73,445, NOI (prior to debt service) = 289,605, GRM = 10.9, CAP RATE = 7.4 Location Perks: Nestled in vibrant East Lakeview, you're walking distance to the lakefront, CTA Red Line, and all the restaurants, cafes, and entertainment that make this area one of Chicago's most desirable neighborhoods. Don't miss this rare investment opportunity-ideal for 1031 exchanges or any buyer looking for a great return on on their investment! You will not find anything else like this on on the market!!! Agent interest.

Location

State IL

County Cook

Area Chi - Lake View

Zoning MULTI

Interior

Cooling Central Air, Central Individual

Fireplace N

Building

Level or Stories 5

Structure Type Brick,Steel Siding,Stone

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Midwest Real Estate Data (MRED) IDX
Listed by Dusanka Verschuur • Compass
Bought with Tat Kong • Richland Global Inc
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 757-8864

kjensen@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

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