Chicago, IL 60640 1260 W Winnemac Avenue
$1,649,900



28 more





























Presented By: Jakubco Development, Inc
Home Details
Generational Opportunity to Purchase a South Andersonville Brick and Stone Multi-Family Residential Property with a Move-In Ready Owner's Three Bedroom 2 Bath Triplex Unit with Four Additional Income Producing Rental Apartments located in the City of Chicago ADU Pilot Program for additional permitted rental unit!!!! Oversized Lot with 2 Car Garage and Additional Carport for easy come and go!!!!! Owner's Unit contains gas forced air/central air, modern open floorplan with breakfast island, dining room, living room and private deck on the main level. The gourmet kitchen includes oversized Thermador stainless steel refrigerator, range and hood appliances!!! There are 2 Bedrooms on upper level with jacuzzi tub and separate shower and on the lower level there is a large family room, additional bedroom, full bathroom and owner's laundry room. Included with the sale are four additional apartments consisting of 2 Two Bedroom One Bathroom and 2 One Bedroom One Bathroom apartments with all current leases set to expire for opportunity to increase rental rates!!! The location for this property is 10 out of 10 with walking distance to the Andersonville Shopping and Nightlife Corridor, Argyle Red Line Train Stops, Aragon and Riviera Entertainment Venues and the Lakefront and Foster Beach!!!! Common areas include an expansive basement with Tenant's Coin Laundry Room and access to mechanicals!!! There is an additional vacant Live/Work space with separate entryway for the Owner...see remarks!!!! A little TLC to the apartments would substantially increase the rent roll for the property benefiting the next owner!!! Operate this property as an Owner Occupied Investment or operate as a full rental asset to obtain substantial income in this very high Tenant demand rental location!!!
Presented By: Jakubco Development, Inc
Interior Features for 1260 W Winnemac Avenue
Other Interior Features
Total Fireplaces1
General for 1260 W Winnemac Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick, Stone
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsNorth or South on Broadway to Winnemac, West on Winnemac to 1260.
ElectricCircuit Breakers
Electric Expense960
Fuel Expense4000
Gross Income63660
Insurance Expense4800
Lot Size Square Feet5440
MLS AreaCHI - Uptown
MaintenanceExpense
ModificationTimestamp2025-04-17T05:07:12.580Z
Net Operating Income33239
Number Of Units Total5
Operating Expense31421
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount16861
Tax Year2023
Tenant PaysElectricity
TownshipLake View
Trash Expense1800
UtilitiesSewer Connected
Water Sewer Expense3600
Year Built1900
ZoningMULTI
Exterior for 1260 W Winnemac Avenue
Lot Dimensions40X136
Water SourceMunicipal Water
Additional Details
Price History
