PRICED TO SELL! Prepare to be impressed - this is unlike anything you've ever seen before. Originally a small office and factory/warehouse built in 1925 (believed to be the original headquarters of Hal's Party Rental), this building was completely gut rehabbed and converted in 2017 and turned into two spectacularly unique apartments! Formerly commercial zoning, this is now multi-unit zoned (RT4, although buyer should verify with City - seller makes no guarantees). Unit 1 (front) is a huge apartment, with 17' ceilings, barrel ceilings, etc - featuring 3 bedrooms, 1.5 baths, and nearly 1400 square feet. Second (rear) unit is a 2 bedroom, 2 bathroom unit with wood-tone ceramic floors, 12'+ ceilings. Both units have in-unit laundry. 400 amp electric service. ENORMOUS 23x23 storage/garage space in rear of building. Sitting on a 163x25 lot (4, 500 square feet) - great option for developers, too. Rent roll: Front unit rented for $2000 through 02/01/25, Rear unit rented for $1695 through 06/01/2025, Garage is rented for $975 month-to-month (and would sign a full 1-year lease). Metra, CTA Brown line, and bus only a hop skip and jump away! Mariano's and Winnemac Park nearby. Lake is 10 minutes east. Both units feature their own dedicated and individually-controlled HVAC system and the building shares one XL water heater - all replaced within the last year. The roof was replaced 2 years ago. Come collect instant rental income, or collect while you plan your next project in this area which is bustling with new development. This is an estate sale, and will be conveyed in as-is condition. Showings only permitted after an executed contract.

Property Details

PRICE
$699,000
BEDROOMS
5
BATHROOMS
4
SQFT
N/A
YEAR BUILT
1925
PARKING SPOTS
2
MLS #
11944348
FULL ADDRESS
5011 5011 Ravenswood Avenue
CITY
Chicago, IL
ZIP
60640

Listing Details

Listing Office
Coldwell Banker Realty
Listing Agent
Joe Tyler Gerber
Contact
847-433-5400
Last Data Update
2024-12-16T16:52:19Z

Interior

BATHROOMS
4 Full Bathrooms

Schools

School District
299
Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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