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$ 950,000
Est. payment /mo
Sold on 06/18/2025
1535 W Barry AVE Chicago, IL 60657
6 Beds
4 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12356736
Bedrooms 6
Year Built 1886
Annual Tax Amount $15,356
Tax Year 2023
Lot Size 3,049 Sqft
Property Sub-Type Two to Four Units
Property Description
Incredible opportunity for a savvy buyer. This well maintained 3-flat can be a turnkey investment. Or an owner occupant can have most of their monthly expenses covered by tenants. Current monthly income of $6,300/month and a 6% cap rate. The top floor duplex up features three bedrooms, 2 full bathrooms . The large eat-in kitchen leads out to a back deck perfect for grilling and entertaining. The second level has TONS of extra storage and a bonus office/work space. This large unit lives like a single family home. ($2,650/month - Unit 2 improvements: AC 2022, furnace 2023, water heater 2021). First floor unit is a 2 bed,1 bath with a large eat-in kitchen and a back deck. ($2,100/month - Unit 1 improvements: AC 2022, furnace 2018, fridge 2020, bathroom renovated 2019). Garden unit is a 1 bed, 1 bath. ($1,550/month - renovated bathroom 2018). TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Common laundry in the basement. 2 car garage. Owners have taken excellent care of the property and IMPROVEMENTS INCLUDE new siding 2017, new electric panels 2019, new front windows 2021, new washer/dryer 2022, new water pump 2023, new fence & landscaping 2025. The unit is currently fully rented. Units G & 2 rented through May 2026. Unit 1 will be vacant as of June 1 2025 and could be an owner occupant or easily rented at an INCREASED RATE from its current $2100 month (estimated new rental rate would be $2300-$2400). LOCATION CANNOT BE BEAT. Just steps from Whole Foods, Target, Brown Line L, and all the shops and restaurants of Lakeview.
Location
State IL
County Cook
Area Chi - Lake View
Zoning MULTI
Interior
Heating Sep Heating Systems - 2+
Equipment CO Detectors, Ceiling Fan(s)
Exterior
Garage Spaces 2.0
Building
Building Description Frame, No
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
Elementary Schools Burley Elementary School
School District 299 , 299, 299
Others
Special Listing Condition List Broker Must Accompany
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by George Tully • @properties Christie's International Real Estate
Bought with Gregory Smith • Coldwell Banker Realty
Bought with Gregory Smith • Coldwell Banker Realty
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