0 Beds

$1,585,000

1509 W Thomas Street, Chicago IL, 60642

Built in1891

Property typeMulti-family

Bought with Non Member with NON MEMBER and Listed by Erik Gimbel with eXp Realty 888-574-9405

Overview

Sold

Closed

Listed Apr 18, 2025

Updated May 29

Incredibly Maintained Six Unit, Cash Flowing Property on a fantastic tree-lined street! Fully Rented out with excellent tenants. Classic Brick Building with beautiful architectural details. First and Second floors feature 4 - 1 Bedroom/1 Bath units w/ exposed brick and high ceilings. Kitchens boast ample cabinetry, lots of prep and dining space, and stainless steel appliances. Large Living Rooms, Nice sized Bedrooms and updated Bathrooms. Ceiling fans and climate control. Top Level feat. Two Spacious Duplex ups that play like a home! Main Floor have oversized kitchens, islands, lots of storage space, eat-in area, and large living rooms with tons of natural light. Full Bathrooms. The top floor of duplex feat. bedroom w/ large closets, and flex space ideal for fitness, office and more! Rear units w/ private back decks and stunning courtyard patio in front of building! Coin Operated laundry on 3rd floor dormer. The following updates have been made by the current owners: First floor furnaces ('22), First floor A/C front unit ('22), Second floor front unit furnace ('16), Second floor rear unit A/C ('23), Third floor front unit A/C ('20), All Hot Water Heaters replaced in '17, Flat Dormer of Roof ('22) and Pitched Roof ('13). All units have kitchen appliances replaced between 2017-2021, and Duplex Ups Dishwashers between 2020-2022. Gut Rehab between 1998-2000 - All new windows, electrical wiring, plumbing, central air. 220 line circuit breakers in each unit. Fantastic location close to Blue Line, Shopping, Restaurants, Parks and so much more. This is a phenomenal opportunity. HOME RUN!

Other Property Details

Taxes: $25,116
Tax Frequency: Annually
Maintenance Expense: $2,880

Bought with Non Member with NON MEMBER and Listed by Erik Gimbel with eXp Realty 888-574-9405

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