1623 North Mohawk Street
Chicago, IL 60610


 $925,000
3-Unit Income Property


 

*This property is no longer available.

 

3-unit income property located in the Old Town Historic District with a top floor, 2-level owner’s unit that lives like a luxury condo, complete with fully remodeled kitchen and baths, spacious common living areas, private master bedroom suite, an architecturally unique lofted 2nd sleeping area and a sensational skyline view from the roof top deck. Units 1 and 2 are clean and updated rental units with central heat and in-unit washer/dryer, that command market rents for the neighborhood. This is a well-maintained building with many capital improvements in recent years including a new tear off roof (2015), new gutters, a full exterior repaint and new windows for unit 2 (2017). Individual unit mechanicals have been updated or replaced as needed. Live-in and enjoy, buy/hold as an armchair investment or look into converting this building into a 3,000 + SF single family home.


Listing Details

  ESSENTIAL INFORMATION

Type:  Multi Unit 3-flat
Total Units: 3  
Total Rooms: 14
Total Bedrooms: 4 + 1 lofted bedroom

Total Baths: 4
Basement: None
Parking: Garage (2 spaces)
Lot Size: 24' x 70' (approx)

Year Built: 1876
Year Rehabbed: Unknown
Assessments: n/a
Taxes: $14,202 (2015)

  COMMUNITY INFORMATION

Address: 1623 North Mohawk Street
City: Chicago
Zip Code: 60610

Neighborhood: Lincoln Park
State: Illinois
Grade School Dist: Lincoln

Neighborhood/Subdivision: Old Town
Country: US
High School Dist: Lincoln Park High School

  FINANCIALS

Unit #1: 4 rooms / 2 bed / 1 bath. $1,942/mo
Unit #2: 4 rooms / 1 bed / 1 bath. $1,925/mo
Unit #3: 5 rooms / 1 bed + 1 loft bedroom / 2 bath. $2,450/mo (owner)
Parking: 2 garage spaces @ $150/mo - market rate

Potential Rental Income: $75,804
Net Operation Income: 
Potential Gross Income: $83,004

  FLOOR PLANS



Brent Hall
Licensed Associate Real Estate Broker
Phone: 312-725-6171
send email
425 W. North Ave Chicago, IL 60610

headshot.jpg