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1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
1541 W Barry Ave
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$950,000

1541 W Barry Ave

6 Beds 3 Baths

Description

Incredible opportunity to assume a 2.75% interest rate! Owner occupants can take over the current owner's VA loan with all its favorable terms. This gorgeous lakeview building boasts almost all new appliances in the last 3 years! Two units rented through 2025 and one becoming available in July 2024. Features include hardwood flooring, vintage trim, large kitchens, a bonus sunroom on the top floor, and a garden unit with fresh paint and a renovated bathroom. The lucrative 3-unit property offers three tandem parking spaces (six spots total that can be rented at $100 each), shared laundry, and a small outdoor space with a community BBQ. Located in bustling Lake View near the Belmont/Ashland/Lincoln intersection, enjoy incredible dining, shopping, entertainment, and fitness options around every corner. This well-managed, turnkey property currently generates $81,600/year in gross income making it an exceptional opportunity for any investor! Garden fridge, stove, & dishwasher: 2024, AC: 2024, Washer: 2024, Dryer: 2023, Furnace: 2023, 2nd floor stove: 2023, 1st floor stove & microwave: 2022, Boiler & pump: 2022, Roof repairs: 2022.

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Location

1541 W BARRY Avenue, Chicago, IL 60657

Status

Sold

Let's Find Your Next Home

Leigh Marcus

Leigh Marcus

TITLE

Co-Founder | Team Leader | Real Estate Professional

Property Amenities

Interior
Total Bedrooms: 6
Area & Lot
Lot Area 3,484.8 Sq.Ft.
MLS® ID 12039163
Year Built 1918
School District 299
High School Lake View High School
Middle School Burley Elementary School
Elementary School Burley Elementary School
Type Multi-Family
Status Sold
Exterior
Heat type Radiator(s)
Water Source Public
Sewer Public Sewer
Other Exterior Features Patio
Parking Off Alley
Roof Asphalt
Finance
Sales Price $950,000
Real Estate Tax $18,712 yearly

Lakeview

Chicagoans will find more than a few of their favorite things in Lakeview, one of the largest neighborhoods on the city’s North Side. For starters, there’s Lakeview’s proximity to the beach and public transit, quiet residential streets, thriving restaurant and bar scene, and Wrigley Field. Then there’s the neighborhood’s historic theaters and notable architecture. The Music Box Theater has been operating since it opened in 1929, originally showing silent films accompanied by a live organ player...

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