1541 W Barry Ave

Chicago, IL 60657 View Map $950,000 Schedule a Tour
Beds6
Baths3
Acres0.08
Year1918

Leigh Marcus

(312) 796-7530

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Status: Pending - Under Contract
Property Type:Multi Family- 2-4 Units
MLS #:12039163
On Site:30 Days
Lot Size:0.08 Acres
County:Cook
Incredible opportunity to assume a 2.75% interest rate! Owner occupants can take over the current owner's VA loan with all its favorable terms. This gorgeous lakeview building boasts almost all new appliances in the last 3 years! Two units rented through 2025 and one becoming available in July 2024. Features include hardwood flooring, vintage trim, large kitchens, a bonus sunroom on the top floor, and a garden unit with fresh paint and a renovated bathroom. The lucrative 3-unit property offers three tandem parking spaces (six spots total that can be rented at $100 each), shared laundry, and a small outdoor space with a community BBQ. Located in bustling Lake View near the Belmont/Ashland/Lincoln intersection, enjoy incredible dining, shopping, entertainment, and fitness options around every corner. This well-managed, turnkey property currently generates $81,600/year in gross income making it an exceptional opportunity for any investor! Garden fridge, stove, & dishwasher: 2024, AC: 2024, Washer: 2024, Dryer: 2023, Furnace: 2023, 2nd floor stove: 2023, 1st floor stove & microwave: 2022, Boiler & pump: 2022, Roof repairs: 2022.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1541 W Barry Ave, Chicago, IL 60657
Area:Lake View
County:Cook
City:Chicago
Township:Lake View
Zip Code:60657

School Information

School District:299
High School:Lake View High School
Middle School:Burley Elementary School
Elementary School:Burley Elementary School

Architecture

Bedrooms: 6
Bathrooms: 3
Year Built:1918
Exterior Construction Type: Vinyl Siding, Stone
Total # Units in Building: 3
Age Range: 100+ Years
Roof: Asphalt
Foundation: Brick/Mortar
Basement: Partially Finished, Exterior Access
Basement Type: Full
Parking Features: Off Alley
Parking On Site: Yes
Parking: Space/s
Parking Ownership: Owned

Features / Amenities

Rooms: Den, Foyer
Exterior Features: Patio
Parking Total: 6
Heat Source / Type: Radiator(s)
Total Rooms:18

Property Features

Lot Size: 0.08 Acres
Lot Dimensions:Oversized Chicago Lot
Sewer: Public Sewer
Water: Public
Transportation: Commuter Bus
Open House Count: 0
Open House Update: 2024-05-22T20:28:02
Zoning:MULTI
Directions:ASHLAND TO BARRY ONE WAY STREET ON RIGHT

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $18,219.24
Ownership: Fee Simple
Contingency: Attorney/Inspection
Gross Income: $81,600

Schools

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1541 W Barry Ave Chicago,  IL 60657
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1541 W Barry Ave Chicago, IL 60657
 
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Listing provided courtesy of @Properties Christie's International Real Estate.

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of June 20, 2024 9:45 AM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Properties displayed may be listed or sold by various participants in the MLS