For Sale

Listed by Amy Duong from Compass

Source: Midwest Real Estate Data, LLC #11930719

1448 N Washtenaw Ave, Chicago, IL, 60622

$1,374,500

8
3
0.07 ac.

MultiFam

30+ days on the market

What's around 1448 N Washtenaw Ave

About this property

Completely reimagined 4,879 sq. ft. greystone 3-flat, featuring a duplex down and a 3-car port, nestled in the booming hot West Bucktown/Wicker Park area. Each unit has been thoughtfully revitalized to exude a seamless blend of contemporary elegance and timeless charm. Completely renovated in 2018, newer hardwood floors, newer expansive windows, and individual central heat/air systems make this building turnkey. The modern amenities include high-efficiency furnaces, tankless water heaters, in-unit washers/dryers, designer light fixtures, and lofty 10 ft ceilings, create an open and inviting ambiance. The living/dining areas effortlessly flow into a den, while the kitchens showcase Quartz countertops, Euro-style cabinets, and stainless steel Whirlpool appliances, including dishwashers, alongside breakfast bar counters. The sumptuous marble and porcelain baths boast cabinet-style vanities, mosaic tiles, and soaking tubs, complemented by fully built-out closets throughout. Each unit offers a private covered porch, designated parking, and a storage unit. The property has undergone a comprehensive transformation, including a new roof, electrical system, copper plumbing, water main to the street, PVC waste lines, facade, tuckpointing, and driveway, while preserving the original exterior historical allure. This low-maintenance investment property, when fully occupied, presents a compelling 7% cap rate with promising potential for further growth in one of the best value-add neighborhoods of Chicago. Easy access to I-94 expressway, short walk to the Damen Blue Line, and 200 feet S of the CTA's North & Campbell bus 72 stop, and located within the highly coveted Moos Elementary School District. On top of that, some of Chicago's best bars, restaurants and shops are a few blocks away.

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