1151 West Waveland Avenue, Chicago

$1,350,000

10 Beds
0 Baths
0 Sqft
.07 Acres
2 Garages

BRICK 4-UNIT BUILDING in an A+ LOCATION in the HEART OF WRIGLEYVILLE! This building is a money making machine! With current approximate rents of over $127,800 per year and a 7.4 CAP Rate! All units are large and have recently updated kitchens and baths and building has a new roof installed in 2019. Unit 2 is a licensed AirBnb and generates $48,000 in yearly income alone! AirBnB applications are pending on remaining units with estimated potential gross rents of $184,000 per year or more. Garage is rented via Spot Hero and generates on average $750 per month and could be turned into outdoor space parking to increase the number of rentable spaces and further increase revenues from parking. Great management company in place already for the building and AirBnB rentals and they would remain in charge of building is so desired. Fantastic location! Steps from restaurants, shopping, Wrigley and just 3 Blocks to the Redline "L" and a short distance to the Lakefront and express bus to downtown you can't have a more easy-to-rent location than this! All units are currently furnished and furnishings would be included. Private, gated backyard and on-site laundry! Great turnkey investment owned by long-term owner wishing to retire from business.

Essential Information
MLS® #10528295
Price$1,350,000
Bedrooms10
Bathrooms0.00
Acres0.07
Year Built1920
TypeResidential
Sub-TypeTwo to Four Units
StatusActive
Community Information
Address1151 West Waveland Avenue
AreaCHI - Lake View
CityChicago
CountyCook
StateIL
Zip Code60613
Amenities
Parking Spaces2
# of Garages2
GaragesGarage Door Opener(s)
Amenities

Curbs/Gutters, Gated Entry, Sidewalks, Street Lights, Street Paved

Interior
BasementOther
Heating

Gas, Forced Air, Hot Water/Steam, 2+ Sep Heating Systems

Exterior
ExteriorBrick, Limestone
Exterior FeaturesPatio
RoofRubber
School Information
ElementaryBlaine Elementary School
MiddleBlaine Elementary School
HighLake View High School
Additional Information
ZoningMULTI
Listing Details
OfficeBaird & Warner
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Listing information last updated on October 14th, 2019 at 12:21am CDT.