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1033 E 45th St

3 Unit Apartment Building $990,000 ($330,000/Unit) Chicago, IL 60653

Investment Highlights

  • mansion,2 ADU, side drive, acreage, privacy

Executive Summary

Experience the pinnacle of Prairie Style architecture with this stunning multi-unit development, perfectly situated in the historic North Kenwood neighborhood. This exceptional property seamlessly combines timeless elegance with modern conveniences, offering an unparalleled opportunity for discerning buyers. Boasting a total of 6 bedrooms, 4 bathrooms, and 4 fireplaces, this thoughtfully designed residence provides both comfort and luxury. The expansive third-floor grand ballroom/family room is a true standout, ideal for hosting gatherings or enjoying serene moments at home. Positioned on an oversized lot, the property offers ample space for outdoor entertaining, gardening, or future development. A distinctive feature of this property is its two ADUs (Accessory Dwelling Units), presenting a unique opportunity for generating rental income or accommodating extended family and guests. The first ADU features 3 spacious bedrooms and 1 well-appointed bathroom, providing a generous living space for families or groups. The second ADU is a cozy 1-bedroom, 1-bathroom unit, perfect for a comfortable living environment. Located just steps from the lakefront, residents can enjoy leisurely strolls along the water's edge with breathtaking views of Lake Michigan. The home is also just minutes from downtown, offering convenient access to Chicago's vibrant city life while maintaining the tranquility of this historic enclave. Surrounded by prestigious universities and world-class museums, you'll be immersed in the rich cultural tapestry of the area. Beyond its aesthetic appeal, this home has been meticulously maintained with numerous updates, including a new roof in 2017, a sump pump installed in 2022, and a Dunkirk boiler added in 2018. The windows were replaced in 2002, a 50-gallon Rheem hot water tank was installed in 2022, and a 200-amp circuit breaker was added in 2008. The basement, with its 7-foot ceiling height, offers additional potential for storage or future living space. Embrace the heritage and craftsmanship of Prairie Style design, characterized by clean lines, natural materials, and a harmonious connection to the environment. This property is not just a place to live but an embodiment of architectural excellence and your personal vision. Customize every detail to suit your lifestyle and make your mark in this vibrant community. Don't miss this extraordinary opportunity to own a piece of North Kenwood's architectural heritage. This version emphasizes the property's unique features and investment potential while enhancing readability and appeal. Let me know if there are any specific elements you'd like to further refine! (Lot square footage:11352, Frontage: 8448, ADU: 2904)

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $990,000
Price Per Unit $330,000
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.26 AC
Building Size 11,352 SF
No. Stories 3
Year Built 1894

Unit Amenities

  • Fireplace
  • Kitchen
  • Hardwood Floors
  • Lawn
  • Patio

Site Amenities

  • Fenced Lot
  • Picnic Area

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 2 $2,050 2,904
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34275603

  • Date on Market: 12/23/2024

  • Last Updated:

  • Address: 1033 E 45th St, Chicago, IL 60653

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