2032 W Pierce Avenue, CHICAGO IL 60622 Photo 1 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 2 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 3 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 4 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 5 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 6 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 7 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 8 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 9 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 10 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 11 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 12 2032 W Pierce Avenue, CHICAGO IL 60622 Photo 13
Listing Courtesy of Compass

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2032 W Pierce Avenue - These are a pair of eight unit buildings in a truly unbeatable Wicker Park location. Located in the Historic District, all 16 units are 3 bed 2 bath of approximately 1600 square feet. The all-brick buildings were built in 1999 and are still owned by the original builder. Carefully maintained and professionally managed, both buildings had new roofs installed in 2017, and more than half of the HVAC systems and water heaters are new within the last 3 years. Newer rear deck system with steel frame. Large units with great layouts. Wood burning fireplaces, in unit washer and dryer, granite counters. Fantastic rental units, never vacant. Turn key property, but some upside for future owner if they want to do cosmetic updates and increase rents. The seller has never allowed pets, so the units have stayed in fantastic condition. The properties share a 24 car parking lot, with the parking included in the rents.

Listing information

  • MLS® ID: 10378849
  • Status: Active with Contingency
  • New Construction: No
  • Lot Size: 100X162
  • Style: Multi-Family
  • Stories: 4
  • Foreclosure: No
  • Estimated Annual Taxes: $49,378
  • Year Built: 1998
  • Parking Type Description: None 0 cars
  • Lot Area: 0.37 Acres
  • County: Cook

Features

Air Conditioning Central Air
Approximate Age 16-25 Years
Basement Description Finished
Built Before 1978 (Y/N) No
Construction Brick
Contingency Flag Attorney/Inspection
Current Use Residential-Multi-Family
Exterior Building Type Brick, Limestone
Foundation Concrete
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Forced Air, Gas
Information 48-Hr Notice Required, List Broker Must Accompany
Other # Of Dishwashers - 16, # Of Disposals - 16, # Of Dryers - 16, # Of Ranges - 16, # Of Refrigs - 16, # Of Units - 16, # Of Washers - 16, # Of Window/Ac - 0, Electricity Expense - 7574, Expense Year - 2018, Fuel Expense - 0, Gross Rent Multiplier - 13.9, Gross Rental Income $ - 610200, Insurance Expense - 18000, Janitor Expense - 14212, Net Oper Income $ - 46317, Net Operating Income Year - 2018, Other Expenses - 0, Repairs-Decor Expense - 5290, Scavenger Expense - 2350, Tax Year - 2017, Total Annual Exp - 128722, Total Annual Income - 610200, Total Monthly Income - 50850, Township - West Chicago, Water Expense - 1514, Zoning Type - Multi
Outdoor Parking 19-30 Spaces
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Tenant Pays Electric, Heat
Type Multi-Family Other
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Compass