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[email protected] +1(630) 491-4615

$ 1,399,888

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1640 N Talman AVE Chicago, IL 60647

8 Beds

8 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12482267

Bedrooms 8

Year Built 1897

Annual Tax Amount $13,984

Tax Year 2022

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

Incredible opportunity to own a fully rebuilt 4-unit building bordering Chicago's West Town and Humboldt Park just one block from the 606 Trail. Perfect for an owner-occupant or investor, this 2021 complete gut renovation with new roof, gutters, drain tile waterproofing, all-new electrical, plumbing, HVAC, and luxury finishes throughout. Each of the four 2 bed, 2 bath units is equipped with in-unit laundry, stainless steel appliances, individual furnaces, hot water heaters, and central air. The two first-floor units are duplex-downs, while the upper floors are spacious simplexes. Tenants pay utilities: Gas & Electricity. A new concrete parking pad in the rear provides three parking spaces, along with brand-new steel and wood decking creating an inviting outdoor space for dining, relaxing, or entertaining. Just steps away, the 606 Trail offers a vibrant example of urban reuse-transforming an old rail line into an elevated green-way that connects several neighborhoods through miles of trails, parks, and public art, promoting a healthy, active lifestyle in the heart of the city. Enjoy strong rental income, low taxes, and low maintenance expenses in a high-demand location walking distance to the Blue Line and some of the city's best dining, shopping, and green space. Ideal for owner-occupants looking to leverage rental income from three additional units, or for investors seeking a property with a solid cap rate.

Location

State IL

County Cook

Area Chi - West Town

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Exterior Feature Lighting

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Level

Dwelling Type Two to Four Units

Building Description Vinyl Siding,Frame, Yes

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding,Frame

New Construction false

Schools

Elementary Schools Moos Elementary School

Middle Schools Clemente Community Academy Senio

High Schools Moos Elementary School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

Listed by Lynn Reidl of Forza Advantage Realty

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