- List Price $949,900
- Price / Unit $949,900
- Property Type Other
- Units 1
- Current Rents $84,000
- Pro Forma Rents $90,000
- In Place NOI $61,350
- Projected NOI $66,800
- Target CAP Rate 6.4%
- Market CAP Rate 5%
- Today's Market Value $949,900
- Value w/Market Rents $1,336,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 3
- 3.5
- 2650
- 2016
- 0%
- 2
- 3
- Forced Air
- Central Air
- In Unit, Free
3
3.5
2650
- 2016
- 0%
- 3
- 3
- Forced Air
- Forced Air
- In Unit, Free
About the property
Modern Luxury Townhome living in Bucktown/Wicker Park’s ”The Row”. Developed in 2016, this 3-Bedroom + Den, 3.1-Bath townhouse offers modern style and convenience just steps from The 606. The third-floor primary suite features custom closets and an ensuite bath, and the first-floor den can be converted to a 4th bedroom. This home is equipped with top-of-the-line smart-home technology including, Lutron lighting, MyQ garage automation, SimpliSafe security and Eufy surveillance systems. Soundproof windows and walls limits noise from the CTA. Enjoy incredible city views from the rooftop deck, equipped for grilling and outdoor entertaining. 2-car garage with easy street parking for guests. Located in one of Chicago’s most vibrant neighborhoods near top-tier shopping, dining, and entertainment. Homes on this row rarely become available. Don’t miss out, book your showing today!
About the neighbourhood
- Wicker Park, located on Chicago's near northwest side, is one of the city's most vibrant and sought-after neighborhoods for real estate investors. Known for its blend of historic charm and modern appeal, Wicker Park is a thriving area with a dynamic mix of residential properties, trendy restaurants, boutique shops, and a flourishing arts scene. The neighborhood's prime location, just minutes from downtown, combined with its excellent public transportation options, makes it attractive for both renters and homeowners.Investors are drawn to Wicker Park for its strong rental demand, particularly among young professionals, creatives, and families seeking an urban lifestyle with a neighborhood feel. The housing stock ranges from vintage greystones and brick walk-ups to newly constructed luxury condos, offering diverse investment opportunities. Property values in Wicker Park have seen steady appreciation, driven by the area's ongoing gentrification and influx of high-end developments.Wicker Park’s unique blend of culture, convenience, and community continues to make it a hotspot for real estate investors looking to capitalize on Chicago's booming market. Whether considering multifamily units, rehab projects, or commercial spaces, Wicker Park offers a promising return on investment for those looking to be part of one of Chicago's most dynamic neighborhoods.
Municipality - Investor Guide
Chicago
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: Y | Cost: $7.50 / $1000 | Required: No | Required: Yes |
| Seller: Y | Cost: $3.00 / $1000 | Cost: $0 | Cost: Varies |
| Notes | |||
| All rental buildings with 4 or more units must be registered with the city; Inspection may occur upon notice from Building Department. Call City to confirm if inspection is needed prior to closing. | |||
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
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Mortgage Calculator
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Utility Table
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
| 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| Tax Amount | $8,988.03 | $16,341.88 | $17,304.83 | $16,952.95 |
| YOY Tax Change ($) | -$7,353.85 | -$962.95 | +$351.88 | +$346.59 |
| YOY Tax Change (%) | -45.00% | -5.56% | +2.08% | +2.09% |
| Current Assessed Value | $81,000 | Source - Public Record For more information on assessments, property taxes, and tax appeals visit: Property Taxes | Assessed - Land | $8,752 | Assessed - Improved | $72,248 |
For more information on assessments, property taxes, and tax appeals visit: Property Taxes
Walkscore
Nearby
- Arts & Entertainment
-
CMM Framing (0.07 mi)
-
Spa Soak (0.08 mi)
-
Candle Castle & Co (0.11 mi)
- Education
-
Candle Castle & Co (0.11 mi)
-
Children's Learning Place (0.16 mi)
-
Heather McCullough, CPM (0.17 mi)
- Food
-
Ipsento 606 (0.1 mi)
-
Irazú Costa Rican Restaurant & Catering (0.17 mi)
-
Crespo Foods (0.2 mi)
- Health & Medical
-
Anne F Locatelli, MD (0.03 mi)
-
Robert J Connelly, MD (0.04 mi)
-
Lynn Sage Breast Screening Center Bucktown (0.04 mi)
Contact Information
- List Price $949,900
- Property Type Other
- Current Rents $84,000
- In Place NOI $61,350
- Target CAP Rate 6.4%
- Today's Market Value $949,900
- Price / Unit $949,900
- Units 1
- Pro Forma Rents $90,000
- Projected NOI $66,800
- Market CAP Rate 5%
- Value w/Market Rents $1,336,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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