1340 N Dean ST, Chicago, IL 60622
1340 N Dean ST, Chicago, IL 60622
1340 N Dean ST, Chicago, IL 60622
1340 N Dean ST, Chicago, IL 60622
1340 N Dean ST, Chicago, IL 60622
1340 N Dean ST, Chicago, IL 60622
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$1,400,000

$1,455,000

3.8%
Est.Price: ?

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Est. payment /mo

7 Beds

4 Baths


SOLD DATE : 10/24/2023

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11865331

Sold Date 10/24/23

Bedrooms 7

Year Built 1997

Annual Tax Amount $19,936

Tax Year 2021

Lot Dimensions 4424

Property Sub-Type Two to Four Units

Property Description

Great investment opportunity with this newer construction, updated, bright and fully rented 3 flat building on a quiet cul-de-sac street in the heart of Wicker Park. Unit 1, which is a duplex-down, features 2 full levels of living, 3 bedrooms plus den, 2 living spaces and 2 full baths making it perfect for an owner-occupied situation. Units 2 and 3 are simplexes and feature 2 large bedrooms and a full bath. All units feature condo quality finishes, open floor plans, high ceilings, central air and heat, hardwood floors throughout, newer and fully equipped island white kitchen with quartz countertops, stainless steel appliances, gas range, dishwasher, large living/dining rooms, great closet space, in-unit laundry, huge private patio and decks in the back. 3 parking spaces in the back and plenty of free street parking for guests. The building has a new roof. All HVAC units have been replaced within the last 7 years. Next to a quiet park, minutes to Jewel, Walgreens, restaurants, Blue Line, Divvy station and easy access to 90/94 highways. Apartments are easy to rent with almost 0 vacancy and potential to increase rents. Current total income is $9,290/month or $111,480/ year. Possibility of dividing duplex down into 2 units and make the building a 4 unit building which should boost income to a min of $120,000.

Location

State IL

County Cook

Area Chi - West Town

Rooms

Basement Finished, Daylight

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Building Description Brick,Block, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick,Block

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

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Midwest Real Estate Data (MRED) IDX
Listed by Al Zoubi of  Zoubi Realty LTD 
Bought with Greg Whelan of Redfin Corporation
Greg Whelan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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