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Susan Dickman

Broker

  • Office 773-627-8176
  • Cell 773-627-8176
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6314 North Lakewood Avenue, Chicago, IL – $975,000

  • $975k Price
  • 25 DOM
  • $975k Price
  • 25 DOM

6314 North Lakewood Avenue

The investment property you've been waiting for, 6314 N. Lakewood has proven cash flow and even more cash flow potential. This cash cow boasts 3 legal units totaling about 6000sf above grade. Lot measures 50'x120' in the heart of Edgewater. Current CAP rate of 6.1% and the potential for 7.8% with annual rents over $100,000. Units 2 and 3 are identical 2000sf, 4 bed/2 bath units with huge formal dining rooms and expansive living spaces. The vacant owner unit on the 1st floor boasts 3 bedrooms/2 bathrooms, formal dining and living spaces, in-unit laundry and a breakfast area. Kitchen has Corian countertops, 42" custom cabinetry and SubZero refrigerator. This unit also has a private side yard that expands almost the entire depth of the lot. 4car brick garage that is also fully rented. Incredible investment opportunity whether you're an off-site investor or a live-in landlord. Formal appraisal done in October 2020 came back @ $1,125,000 so this building is priced to move. (Estate Sale so sold As-Is)

Essential Information

  • MLS® #10921381
  • Price$975,000
  • Acres0.00
  • TypeResidential Income
  • Sub-TypeTwo to Four Units
  • StatusContingent

Community Information

  • Address6314 North Lakewood Avenue
  • AreaCHI - Edgewater
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60660

Exterior

  • ExteriorBrick
  • FoundationConcrete Perimeter

Exterior Features

Deck,Patio,Storms/Screens,Cable Access

School Information

  • District299
  • ElementaryHayt Elementary School
  • MiddleHayt Elementary School
  • HighSenn High School

Additional Information

  • Days on Market25

Listing Details

Office

Berkshire Hathaway HomeServices Chicago

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Price Change History for 6314 North Lakewood Avenue, Chicago, IL (MLS® #10921381)

Date Details Change
Status Changed from New to Contingent

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 November 24th, 2020 at 7:45pm CST.