6881 N Overhill Avenue Chicago, IL ^$ 3,500,000

6881 N Overhill Avenue

^$ 3,500,000

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6881 N Overhill Avenue

Chicago, IL, 60631

^$ 3,500,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 23,262

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Multi-Family Home for sale in Chicago, IL

for $3,500,000 with 3 bedrooms. This home was built in 1931.

The Unique One-of-a-Kind.. Location, Location, Location; Superbly maintained Edison Park 20 Unit multi-family apartment building same ownership since 1945. Unit mix consisting of 14 one-bedroom one-bathroom Units and 6 two-bedroom one- bathroom units. An Architectural significantly detailed full yellow brick building, copper gutters and down spouts, limestone, 10 year old roof, 10 year old tuckpointing well maintained back porches, on-site coin operate laundry, storage lockers and bike room. Updated and well-maintained Kewanee Co. boiler. Common yard, 2 car brick garage. Steps to Edison Park Metra, Northwest Hwy corridor of restaurants, shops, bars and Park Ridge. Massive Value-Add opportunity here to boost rents and value. These rarely hit the market, so don't miss out and get that cash flow. *Cash Offers Only or Funded Exchanges with POF Only*

Multi-Family Active

Price

^$ 3,500,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 25,417

Style

Multi-Family

Year Built

1931

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11798018

Features

General

Cooling Window Unit(s)

Utilities Sanitary Sewer Water to Site

Possession Closing

Roof Rubber

Zoning MULTI

Construction Materials Brick Stone

Year Built 1931

Electric Circuit Breakers

Tenant Pays Electricity

Stories 3

Township Jefferson

Tax Year 2021

Current Use Multi-Family

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 8828

Property Type Commercial Sale Multi Family 5+

Status Active

Directions Norhwest Hwy North on Overhill to 6881

City Chicago

NumberOfUnitsTotal 20

MLS Area CHI - Edison Park

Street Name Overhill

Tax Annual Amount 25417

Electric Expense 2819

Fuel Expense 0

Trash Expense 2758

Water Sewer Expense 7346

Additional Parcels Y/N N

Days on Market 337

Standard Status Active

Interior

Total Fireplaces 0

Street Suffix Avenue

Basement Unfinished Exterior Access Storage Space

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 79X118X83

Frontage Type City Street

Exterior Brick Stone Limestone

* Excluded Features

List By

Dream Town Real Estate

Broker

PeterF@dreamtown.com

Affordability Calculator

$25,380

Per Month

Monthly Principal & Interest: $23,262
Monthly Property Taxes: $2,118
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,097

Percent of Sale Price 82%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/15/2023	$3,500,000	-14.63%	Price Down
6/2/2023	$4,100,000		Listed Price

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6881 N Overhill Avenue, Chicago, IL, 60631 is a Multi-Family Home for sale at $3,500,000. 6881 N Overhill Avenue has 3 bedrooms, 0.0 baths, and was built in 1931. The property's zip code is 60631 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/11/2024.

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6881 N Overhill Avenue

Multi-Family Home for sale in Chicago, IL

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