$5,250,000
14 Beds
Bath
SqFt
Acre Lot
Sqft Lot
Status Active
Property Type Two To Four Units
Price Type
Year Built 2020
Neighborhood
Days on Website 120

Property Map

$5,250,000 – 530 West Dickens Avenue, Chicago, IL 60614

Street View

Courtesy of Compass.

Description

Outstanding extra-wide new construction four-unit elevator property by award winning builder. Annual Gross Rental Income of $351,000. Made up of 3 and 4 bedroom units, this fully leased and occupied building offers the ideal armchair investment building with an option for an owner-occupied unit. Built as four luxury condos, the property is now selling as a trophy apartment building. Each unit includes private outdoor spaces, custom Arclinea cabinetry, Wolf and Subzero appliances, oversized islands, Ann Sachs tile, custom window treatments, spray foam insulation and Mitsubishi high efficiency HVAC systems . The site includes an oversized four stall garage. Private elevator access to units 3 and 4 provide a seamless entry. Located on one of East Lincoln Park’s premier blocks, steps to Oz Park and close to Lake Michigan.

Property Details and Features

Listing

  • Source: Midwest Real Estate Data, LLC
  • 2020-08-03
  • Exclusive Right To Sell

Bedrooms

  • 14 bedrooms
  • 4 bedrooms in unit 1
  • 3 bedrooms in unit 2
  • 3 bedrooms in unit 3
  • 4 bedrooms in unit 4

Bathrooms

  • Whirlpool
  • Separate Shower
  • Steam Shower
  • Double Sink
  • Soaking Tub
  • Full/half bathrooms: 0
  • 10 full bathrooms in building
  • 3 full bathrooms in unit 1
  • 2 full bathrooms in unit 2
  • 2 full bathrooms in unit 3
  • 3 full bathrooms in unit 4
  • 4 half bathrooms in building
  • 1 half bathroom in unit 1
  • 1 half bathroom in unit 2
  • 1 half bathroom in unit 3
  • 1 half bathroom in unit 4

Location

  • 530
  • CHI – Lincoln Park
  • Cook

House

  • Built in 2020 (approximate)
  • 4 units in building
  • 47 rooms
  • 13 rooms in unit 1
  • 10 rooms in unit 2
  • 10 rooms in unit 3
  • 14 rooms in unit 4
  • NEW Ready for Occupancy

Amenities

  • Curbs/Gutters
  • Sidewalks
  • Street Lights
  • Street Paved

Property

  • Two to Four Units

Lot

  • 25X128X37X128
  • Oversized Chicago Lot

Appliances and Equipment

  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Garage/Space
  • Laundry Hook-Up
  • Range Hood
  • Hardwood Floors
  • Walk-In Closet
  • Cooktop
  • Oven/Built-in
  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Garage/Space
  • Laundry Hook-Up
  • Range Hood
  • Hardwood Floors
  • Walk-In Closet
  • Cooktop
  • Oven/Built-in
  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Garage/Space
  • Laundry Hook-Up
  • Range Hood
  • Hardwood Floors
  • Walk-In Closet
  • Cooktop
  • Oven/Built-in
  • Stove
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Microwave
  • Disposal
  • Central Air Conditioner
  • Garage/Space
  • Laundry Hook-Up
  • Range Hood
  • Hardwood Floors
  • Skylights/Windows
  • Walk-In Closet
  • Cooktop
  • Oven/Built-in

Garage

  • Garage Door Opener(s)
  • Heated
  • 7 Foot or more high garage door
  • Detached
  • 4 garage spaces

Parking

  • 4 cars
  • Garage

Heating

  • Gas
  • Forced Air
  • Radiant

Utilities

  • Electricity expense: $3,250
  • Sewer-Public
  • Lake Michigan

Exterior Features

  • Brick
  • Balcony
  • Deck
  • Patio
  • Roof Deck
  • Brick Paver Patio

Roof

  • Flat Roof

Schools

  • Elementary school: Lincoln Elementary School
  • Elementary school district: 299
  • Middle school district: 299
  • High school district: 299

Taxes

  • NEW
  • Tax year: 2018

Miscellaneous

  • Intercom
  • Gross expenses: $4,000
  • Insurance cost: $4,498
  • Janitorial cost: $1,600
  • Unit 1 rent: $6,950
  • Unit 2 rent: $6,000
  • Unit 3 rent: $6,100
  • Unit 4 rent: $9,999
  • Unit 1 security deposit: 6950
  • Unit 2 security deposit: 0
  • Unit 3 security deposit: 6100
  • Unit 4 security deposit: 9999
  • Electric
  • Gas
  • Heat
  • Electric
  • Gas
  • Heat
  • Electric
  • Gas
  • Heat
  • Electric
  • Gas
  • Heat

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