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1623 W Grace Street

Chicago, IL 60613
  • $4,500,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 11219499
UPDATED: 66 min ago
$4,500,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:

School Ratings & Info

Description

Originally built in 1914 for Federal Leagues Chicago Whales, Wrigley Field is one the oldest still-operating stadiums in the MLB. It was renamed Wrigley Field in 1926 by then-owner William Wrigley Jr., a chewing gum manufacturer. Of course, there's more to Lakeview than baseball. From the luxury high-rise apartments along Lake Shore Drive to the tree-filled streets and single-family homes in Graceland West, there's something for everyone in Lakeview. This large neighborhood consists of several smaller enclaves, including Wrigleyville, Boys town, and North Halsted. Lakeview features several theaters, such as the Music Box Theater and the Playground Theater, as well as music venues and shops. On the south end of the neighborhood, Lincoln Park is home to the Lincoln Park Zoo, a nine-hole golf course, a dog beach, and jogging trails. This gorgeous 14-unit building in the heart of Lakeview stands out for its clean lines and a great location. Located on the corner of Grace & Marshfield offers boosts an updated roof, newer windows, and an excellent value add opportunity with high upside. The location of this building is one block from Ashland Avenue in a neighborhood that is perfect for almost any type of tenant. The masonry-constructed building with brick veneer that was built in 1929 has stood the test of time and allowed it to become a classic neighborhood structure. Located across from a park and walking distance to everything you'll need as a resident. Financials reflect proforma income.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T09:59:28.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1623 W Grace Street Chicago, IL 60613

  • Price: $4,500,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 66 min ago
  • MLS #: 11219499
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1929
Built
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Property Description
Originally built in 1914 for Federal Leagues Chicago Whales, Wrigley Field is one the oldest still-operating stadiums in the MLB. It was renamed Wrigley Field in 1926 by then-owner William Wrigley Jr., a chewing gum manufacturer. Of course, there's more to Lakeview than baseball. From the luxury high-rise apartments along Lake Shore Drive to the tree-filled streets and single-family homes in Graceland West, there's something for everyone in Lakeview. This large neighborhood consists of several smaller enclaves, including Wrigleyville, Boys town, and North Halsted. Lakeview features several theaters, such as the Music Box Theater and the Playground Theater, as well as music venues and shops. On the south end of the neighborhood, Lincoln Park is home to the Lincoln Park Zoo, a nine-hole golf course, a dog beach, and jogging trails. This gorgeous 14-unit building in the heart of Lakeview stands out for its clean lines and a great location. Located on the corner of Grace & Marshfield offers boosts an updated roof, newer windows, and an excellent value add opportunity with high upside. The location of this building is one block from Ashland Avenue in a neighborhood that is perfect for almost any type of tenant. The masonry-constructed building with brick veneer that was built in 1929 has stood the test of time and allowed it to become a classic neighborhood structure. Located across from a park and walking distance to everything you'll need as a resident. Financials reflect proforma income.
Exterior Features

Parking Total 0

Interior Features

Cooling Window Unit(S) Heat Ventilation Central Bldg HeatRadiant Number Of Dishwashers 14 Number Of Dryers 7 Number Of Washers 7

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Electric Separate Meters Gross Income 410400 Gross Scheduled Income 398980 Insurance Expense 8255 Maintenance Expense 2400 Net Operating Income 319696 Operating Expense 79283 Tax Annual Amount 37088 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 33248 Township Lake View Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of 5M Re, Inc..


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T09:59:28.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Bloomington IL, 61704