Chicago, IL 60651 1516 N Keystone Avenue
$650,000



23 more
























Presented By: Compass
Home Details
Investor alert in West Humboldt Park! This classic brick building is a legal 3-flat with an additional fully renovated 2-bedroom, 1-bath garden unit featuring front and rear egress. Situated on an oversized lot, the three large 3-bedroom, 1-bath units each offer formal dining rooms, high ceilings, hardwood floors, original built-ins, and enclosed back porches. The garden unit is currently vacant and ready to rent at market rates between 1,500-1,700 dollars/month, while the three main units are occupied and generating steady income. Recent improvements include two new furnaces and AC units (servicing three units), sump pump and flood control system, partial sewer line replacement, new stainless appliances in the basement, unit 2, and unit 3, a walkout door added to the basement, extended HVAC into the laundry, new washer and dryer, electrical upgrades, and a garage door opener for the 3-car garage. Roof is approximately 8 years old. All units have gas-forced air, central AC, and separate utilities. Shared laundry in basement. Garage provides extra income. Property is being sold as-is. Seller and broker make no representations as to the legal status of the garden unit.
Presented By: Compass
Interior Features for 1516 N Keystone Avenue
Bedrooms
Bedrooms Possible11
Total Bedrooms11
Bathrooms
Full Baths Building4
Half Baths Building
Total Baths4
Other Interior Features
BasementFinished, Partially Finished, Partial
Total Number of Units4
Other Rooms
Room TypeEnclosed Porch
General for 1516 N Keystone Avenue
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyCook
DirectionsKeystone is one way headed north, property just south of North Ave.
Elementary School District299
Garage Spaces3
HeatingNatural Gas
High School District299
MLS AreaCHI - Humboldt Park
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofFlat
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount8912.71
Tax Year2023
Total Rooms22
TownshipWest Chicago
Waterfront Y/NNo
Year Built1912
ZoningMULTI
Exterior for 1516 N Keystone Avenue
Lot Dimensions37X126
Other EquipmentCO Detectors, Sump Pump
Parking FeaturesGarage Owned, Detached, Garage
Total Parking3
Water SourceLake Michigan, Public
Additional Details
Price History
