1133 N Winchester Avenue
Chicago, IL 60622

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Description

Exceptional turn key property on one of the best blocks in East Village/Wicker park area. Two Beautiful buildings on one site that you will be proud to own. Comprised of six units between two buildings - four units in front and two units in rear. Great unit mix consisting of two 2 bed 2 bath, one 2 bed 1 bath, one 4 bed 2 bath duplexes, one 1 bed 1 bath, and one 1 bed 1 bath with a den. The vintage units received a complete gut renovation in 2022, but still retain their charm. Each apartment features new kitchens, bathrooms, hardwood floors, stainless steel appliances, HVAC, and in-unit laundry. Clean and cared for, thoughtfully managed with plenty upside left for next owner. Landmarked building on Landmarked block - East Village District. Located at just a stones throw to Division St and all the attractions that tenants love.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60622
• Year Built: 1916
• Stories: 3
• Units: 6 units
• Basement: Finished, Exterior Entry
• Zoning: MULTI
• # Of Dishwashers: 6
• # Of Dryers: 6
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 6
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.99
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Division & Damen. Damen south to Thomas go east to Winchester - go north.
• Electric: Circuit Breakers
• Electric Expense: 157
• Electric Expense Source: Actual
• Expense Year: 2025
• Foundation Details: Stone
• Fuel Expense Source: Actual
• Gross Income: 191340
• Gross Rent Multiplier: 10.8
• Heat/Ventilation: Forced Air, Gas, Separate Per Unit
• Insurance Expense: 4587
• Insurance Expense Source: Actual
• Janitor Expense: 982
• Known Encumbrances: None Known
• Land Amenities: Sidewalks
• Lot Size Square Feet: 3125
• Main Type: Commercial Sale
• Maintenance Expense: 3000
• Manager Expense: 9555
• Manager Expense Source: AC
• Misc Outside: Enclosed Porch, Patio, Storms and Screens (as exist)
• Operating Expense: 49932
• Other Expense: 1800
• Other Expense Source: Combination
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Broker Projection
• Roof: Composition, Rubber
• Roof Structure: Flat, Gable
• Sewer: Storm Sewer
• Tax Annual Amount: 27001
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 15945
• Township: West Chicago
• Type Multi-Family: Flats
• Unincorporated (Y/N): Yes
• Utilities: Water Available
• Water Expense Source: Actual
• Water Sewer Expense: 1950