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Michael Bempah

The Bempah Group

mike@thebempahgroup.com +1(630) 206-9116

$ 899,000

Est. payment | -/mo

6 Beds

4 Baths

3,049 Sqft Lot

Save Virtual Tour

$ 899,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

3,049 Sqft Lot

OPEN HOUSE

Sat May 10, 1:00pm - 3:00pm

Sun May 11, 12:00pm - 1:30pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

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

Lot Dimensions 25 X 125

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

Rooms

Basement Finished, Full

Interior

Heating Sep Heating Systems - 2+

Equipment CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

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

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Virtual Tour https://real.vision/1535-west-barry-avenue?o=u

Listed by George Tully • @properties Christie's International Real Estate

GET MORE INFORMATION

Michael Bempah

Broker | License ID: 475.175881

mike@thebempahgroup.com

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA

1535 W Barry AVE Chicago, IL 60657

Michael Bempah

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1535 W Barry AVE