2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
2513 W Walton Street
VIEW PHOTOS
$725,000

2513 W Walton Street

7 Beds 3 Baths

Description

Classic Chicago Greystone located on a quaint tree-lined street in beautiful West Ukrainian Village, located near highly-desirable Smith Park. This building is a perfect fit for a turnkey investor or an owner-occupant with strong rental income to substantially offset the mortgage. A multitude of options exist to enhance the property to fit your daily lifestyle and/or short-term and long-term investment goals: (1) Leave this existing trophy property in its current use as a 2-flat with a separate basement unit for maximum income. (2) Add back a single wall to make the first floor a 3 bed/ 1 bath, again, for maximum income potential. (3) Easily and inexpensively duplex down the main level to the basement for an incredible owner's unit and/or highly-desirable rental for maximum income. (4) Potentially convert to a single family down the road. A long-term, family-owned building with pride of ownership. Forced A/C and heat throughout, 9 ft ceilings, oak hardwood flooring, recessed lighting, solid wood cabinets, SS appliances, granite counters, enclosed rear porches, a sunny and spacious brick-paved patio for a daily oasis or entertaining, and a 2 car garage top off this highly sought-after piece of Chicago history with incredible curb appeal. The entire building, roof, concrete, masonry and windows have all been well-maintained along with updated plumbing, electric, and mechanicals. Gross rental income is estimated at market rates (currently owner-occupied) at $65,400/yr - approximately a 6.25% CAP rate after tax exemptions are removed. Current tax exemptions include a homeowner exemption, senior exemption, and senior freeze. A truly smart and stable investment that serves many objectives in booming West Town!

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Location

2513 W Walton Street, Chicago, IL 60622

Status

Sold
Mark Icuss

Mark Icuss

TITLE

TEAM LEAD/BROKER

Property Amenities

View additional property information below.
Interior
Total Bedrooms: 7
Area & Lot
MLS® ID 11687816
Year Built 1905
School District 299
Architecture Styles Greystone
Type Residential
Status Sold
Exterior
Heat type Natural Gas, Forced Air
Water Source Lake Michigan
Garage Space 2.5
Sewer Public Sewer
Other Exterior Features Porch, Porch Screened, Brick Paver Patio, Storms/Screens
Lot Features Fenced Yard
Roof Asphalt
Finance
Sales Price $725,000
Real Estate Tax $4,276 yearly

WORK WITH US

Icuss Group is able to provide an integrated approach to real estate, taking the time to understand your needs, and to deliver the best options available. They understand not only the value of a property, but also the value of their client’s time, comfort, and input.