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Susan Dickman

Broker

  • Office 773-627-8176
  • Cell 773-627-8176
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1625 Morse Avenue, CHICAGO, IL – $1,599,000

  • $1.6M Price
  • .15 Acres
  • $1.6M Price
  • .15 Acres

1625 Morse Avenue

Great opportunity to own newer condo-quality 6 flat. Building consists of 2 simplexes and four duplex units and 6 garage parking spots. Fully Rented with income of $11,525 monthly. Building has been professionally managed since 2015 by a top notch company (City Habitat) and has a solid track record of consistent financial performance going back several years. Top of the line kitchen and baths. In-unit washer and dryer, all hardwood, fireplaces, tenant pays everything. 48 hour notice to show please. Property taxes were just successfully appealed (now estimated to be $16,100). Financials are a pro forma using 3-year averages for most expense projections. See attached Financial Statement showing past 3 years plus pro forma).

Essential Information

  • MLS® #10385506
  • Price$1,599,000
  • Acres0.15
  • Year Built2004
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusActive

Community Information

  • Address1625 Morse Avenue
  • AreaCHI - Rogers Park
  • CityCHICAGO
  • CountyCook
  • StateIL
  • Zip Code60626

Amenities

  • Parking Spaces6

Interior

  • HeatingCentral Heat/Indiv Controls
  • CoolingCentral Air
  • FireplaceYes
  • # of Fireplaces6
  • Stories3

Exterior

  • ConstructionBrick

Additional Information

  • ZoningMULTI

Listing Details

  • OfficePearson Realty Group
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Price Change History for 1625 Morse Avenue, CHICAGO, IL (MLS® #10385506)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $1,624,999 to $1,599,000 $25,999 (1.60%)
Status Changed from Price Change to Active
Status Changed from Active to Price Change
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Berkshire Hathaway HomeServices KoenigRubloff Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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 deemed reliable but not guaranteed.

Listing information last updated on September 17th, 2019 at 4:06pm CDT.