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2738 W Balmoral Avenue

Chicago, IL 60625
  • $719,900
  • STATUS: Active Under Contract
  • ON SITE: 85 Days
  • MLS #: 11939746
Under Contract
UPDATED: 220 min ago
$719,900
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

School District:
299

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.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-02-24T23:58:02.89 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2738 W Balmoral Avenue Chicago, IL 60625

  • Price: $719,900
  • Status: Active Under Contract
  • On Site: 85 Days
  • Updated: 220 min ago
  • MLS #: 11939746
8
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
Neighborhood:
Chi - Lincoln Square
County:
Cook
Area:
Chi - Lincoln Square
School District:
299
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.
Exterior Features

Exterior Building Type Brick Exterior Features Storms/Screens Is Parking Included In Price Yes Lot Features SidewalksStreetlights Lot Size Oversized Chicago Lot Multi Family Type 2 Flat Parking Details Space/s Parking Features AssignedOff AlleyAlley Access Parking Onsite Yes Parking Ownership Owned Parking Total 3 Roof Asphalt Waterfront YN No

Interior Features

Basement Partially FinishedExterior AccessBathroom Rough-InEgress WindowStorage Space Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 8 Full Baths In Building 5 Half Baths In Building 0 Heating Natural GasForced AirBaseboardSep Heating Systems - 2+ Rooms Total 19

Property Features

Additional Parcels YN No Age 71-80 Years Built Before1978 YN Yes Community Features ParkCurbsSidewalksStreet Lights Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information None Gross Income 31920 Mls Actual Status Contingent Net Operating Income 13920 New Construction YN No Other Equipment IntercomMultiple Water Heaters Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 13173.04 Tax Year 2022 Total Numberof Unitsin Building 2 Total Rental Income 31920 Township Jefferson Type Two to Four Units Water Source Lake Michigan Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Procure Realty Group: 847-324-4857.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-02-24T23:58:02.89 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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