Open House Fri, Sep 18th 11:00 AM - 01:00 PM
Address
6449 N Lakewood Avenue, Chicago, IL
Price
$ 935,000
Property Attributes
- MLS#12761554
- TypeMulti-Family
- Listing Status New
- CountyCOOK
- CityChicago
- AreaCHI - Rogers Park
- NeighborhoodRogers Park
- Zip60626
- Style
- Year Built1920
- Taxes$ 11836
- Price$ 935,000
- Bedrooms8
- Full Bathrooms5
- Half Bathrooms2
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Exceptional investment opportunity in prime Loyola University location generating over $105,000 in annual rental income! This classic brick two-flat features two bright and spacious 3-bedroom, 1.5-bath apartments, plus a beautifully renovated 2-bedroom, 1-bath garden unit. The upper apartments offer generous room sizes, hardwood floors, abundant natural light, updated kitchens and baths, and charming front and rear sunrooms. The garden level was recently renovated with a modern kitchen, stainless-steel appliances, stylish bath, updated flooring, and recessed lighting. Fully rented with leases extending through May and June 2027. The building has a history of exceptional tenant demand with zero vacancy due to its proximity to Loyola University. Additional highlights include a two-car garage, flood-control system, new boiler and water heater, numerous capital improvements, and potential to add a fourth bedroom to the upper apartments for additional income. Ideally located near Loyola University, the Red Line, lakefront, restaurants, shopping and neighborhood conveniences. Garden unit is non-conforming; seller makes no representation regarding its legality. Licensed Illinois real estate broker has ownership interest in the property.
| Price History | |
|---|---|
| 9/17/2026 | Listed $935,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Steam |
| Possession | Closing |
| Zoning | MULTI |
| Garage Spaces | 2 |
| Construction Materials | Brick |
| Year Built | 1920 |
| Township | Rogers Park |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Gross Income | 105600 |
| County | Cook |
| Net Operating Income | 75579 |
| Insurance Expense | 3093 |
| New Construction | No |
| Property Type | Residential Income |
| MaintenanceExpense | 6250 |
| Total Rooms | 28 |
| Status | New |
| Directions | Sheridan to Arthur,west to Lakewood,south to property |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Rogers Park |
| Tax Annual Amount | 11836 |
| Electric Expense | 2522 |
| Fuel Expense | 3739 |
| Water Sewer Expense | 1349 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Partially Finished,Full |
|---|---|
| Total Bedrooms | 8 |
| Room Type | Sitting Room,Sun Room |
| Total Baths | 5 |
| Bedrooms Possible | 8 |
| Full Baths Building | 3 |
| Half Baths Building | 2 |
| Total Number of Units | 3 |
Exterior Features
| Parking Features | Yes,Garage Owned,Detached,Garage |
|---|---|
| Water Source | Lake Michigan |
| Total Parking | 2 |
| Lot Dimensions | 25X125 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60626
Price
Taxes
Year Built
