1640 N Talman AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60647
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12482267
Bedrooms 8
Year Built 1897
Annual Tax Amount $13,984
Tax Year 2022
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Incredible opportunity to own a fully rebuilt 4-unit building bordering Chicago's West Town and Humboldt Park just one block from the 606 Trail. Perfect for an owner-occupant or investor, this 2021 complete gut renovation with new roof, gutters, drain tile waterproofing, all-new electrical, plumbing, HVAC, and luxury finishes throughout. Each of the four 2 bed, 2 bath units is equipped with in-unit laundry, stainless steel appliances, individual furnaces, hot water heaters, and central air. The two first-floor units are duplex-downs, while the upper floors are spacious simplexes. Tenants pay utilities: Gas & Electricity. A new concrete parking pad in the rear provides three parking spaces, along with brand-new steel and wood decking creating an inviting outdoor space for dining, relaxing, or entertaining. Just steps away, the 606 Trail offers a vibrant example of urban reuse-transforming an old rail line into an elevated green-way that connects several neighborhoods through miles of trails, parks, and public art, promoting a healthy, active lifestyle in the heart of the city. Enjoy strong rental income, low taxes, and low maintenance expenses in a high-demand location walking distance to the Blue Line and some of the city's best dining, shopping, and green space. Ideal for owner-occupants looking to leverage rental income from three additional units, or for investors seeking a property with a solid cap rate.
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Rooms
Basement Finished,Full
Interior
Heating Natural Gas,Forced Air
Fireplace N
Exterior
Exterior Feature Lighting
Community Features Curbs,Sidewalks,Street Lights,Street Paved
Roof Type Asphalt
Building
Lot Description Level
Dwelling Type Two to Four Units
Building Description Vinyl Siding,Frame, Yes
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding,Frame
New Construction false
Schools
Elementary Schools Moos Elementary School
Middle Schools Clemente Community Academy Senio
High Schools Moos Elementary School
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard