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1244 N Cleaver
Chicago, IL 60642 Wicker Park

$1,450,000 USD

Apartments For Sale • 3,600 SF

Property Details

Property Type Apartments
Total Building Size 3,600 SF
Lot Size 0.07 AC
Building Class C
Year Built 1886
Cap Rate 6.44 %
Zoning RT-4

76 Transit Score

96 Walk Score

                
                    Highlights
                
                                Appealed property taxes with the Board of Review and the assessed value for 2023 has been reduced from $120,621 (2022) to $96,056. 
                            
                                Assumable loan allows for additional cash flow year 1 with a rate of 4.65% and maturity date of 8/1/2025 with a balance of $815,000. Loan is with FNMA
                            
                                Unfinished Attic. Potential to duplex up.

Property Flyers

Offering_Memorandum-145

Financial Summary (Proforma)

Net Operating Income: $93,362 USD (2024)

Cap Rate:	6.44 %
Total Expenses:	$38,202 USD

Amenities

Air Conditioning
Courtyard
Dishwasher
Washer/Dryer
Heating
Granite Countertops
Hardwood Floors
Stainless Steel Appliances

Public Transportation

Commuter Rail	Drive	Walk	Distance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	19 min	1.0 mi
Western Avenue Station (Md-N/Md-W/Ncs) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	2.4 mi
Transit/Subway	Drive	Walk	Distance
Division Station (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	4 min	0.2 mi
Chicago Avenue Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	15 min	0.8 mi
Damen Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Chicago Midway International	20 min	-	11.0 mi
Chicago O'Hare International	24 min	-	15.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Surface
Included in Rent:	Yes

Julia Cullhaj 312-312-9844 Peak Realty

1244 N Cleaver Chicago, IL 60642 Wicker Park