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3552 N Oleander Avenue , #204

Chicago, IL 60634
  • $147,500
  • STATUS: Active Under Contract
  • ON SITE: 39 Days
  • MLS #: 11256061
Under Contract
$147,500
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,000
    SQFT
  • $148
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1960
County:

School Ratings & Info

School District:
299

Description

Welcome home to a rarely available, top-floor unit in an excellent area! Walk into a very spacious living room area highlighted by large, south facing windows for that crisp, natural sunlight as well as a private balcony: all while overlooking a pretty courtyard! Relax on your balcony. Or barbeque on it. Furthermore, the living room area opens up to a large, galley kitchen with a comfortably sized eat-in area characterized by north facing windows for additional light exposure. This unit also features two very spacious bedrooms with ample closet space. There is a full bathroom nestled between both bedrooms, which adds to this intelligently designed floor plan. There is also a spotless laundry room facility on the first floor and there is hardly ever a waiting line to use the washer or dryer; all machines are coin-operated at just $0.75 per load. This unit also comes with one exterior unassigned parking space and there is ample parking on Oleander and/or Addison at no additional cost. Own for less than rent! You can also rent this unit without restriction. FINANCING: Put down a 5% (or $7,750) at a $155,000 purchase price for a payment of approximately $1,203 per month at a 3% interest rate given a 740+ FICO score; this mortgage payment of $1,203 per month is based on a realistic and worst-case scenario property tax bill of $2,875 per year with a homeowners exemption along with a $266 monthly HOA payment, a $35 per month insurance bill and a $42 per month mortgage insurance premium. Or, put down 20% (or $31,000) for an approximate $1,063 mortgage payment. Please consult your loan officer for confirmation. RENTALS: A 2-bedroom, 1-bathroom unit at 7817 Belmont (Unit 2) rented for $1,395 per month. Please ask your agent to pull MLS# 10688173. Additionally, a 2-bedroom, 1-bathroom unit at 7701 Belmont (Unit 1) rented for $1,395 per month. Please ask your agent to pull MLS# 10954931. In short, you can easily expect to rent this unit for $1,400 per month after its rehab and earn nearly $175 per month in free cash flow, which comes out to $2,100 per year in positive cash flow. Easy to show. Close to plentiful shopping and restaurants, Kennedy Expressway, O'Hare Airport and much more. Easy to show!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2021-12-04T23:58:37.23 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3552 N Oleander Avenue , #204 Chicago, IL 60634

  • Price: $147,500
  • Status: Active Under Contract
  • On Site: 39 Days
  • MLS #: 11256061
2
Beds
1
Baths
0
½ Baths
N/A
Acres
1,000
SQFT
$148
$/SQFT
1960
Built
Neighborhood:
Belmont Heights
County:
Cook
Area:
Chi - Dunning
School District:
299
Property Description
Welcome home to a rarely available, top-floor unit in an excellent area! Walk into a very spacious living room area highlighted by large, south facing windows for that crisp, natural sunlight as well as a private balcony: all while overlooking a pretty courtyard! Relax on your balcony. Or barbeque on it. Furthermore, the living room area opens up to a large, galley kitchen with a comfortably sized eat-in area characterized by north facing windows for additional light exposure. This unit also features two very spacious bedrooms with ample closet space. There is a full bathroom nestled between both bedrooms, which adds to this intelligently designed floor plan. There is also a spotless laundry room facility on the first floor and there is hardly ever a waiting line to use the washer or dryer; all machines are coin-operated at just $0.75 per load. This unit also comes with one exterior unassigned parking space and there is ample parking on Oleander and/or Addison at no additional cost. Own for less than rent! You can also rent this unit without restriction. FINANCING: Put down a 5% (or $7,750) at a $155,000 purchase price for a payment of approximately $1,203 per month at a 3% interest rate given a 740+ FICO score; this mortgage payment of $1,203 per month is based on a realistic and worst-case scenario property tax bill of $2,875 per year with a homeowners exemption along with a $266 monthly HOA payment, a $35 per month insurance bill and a $42 per month mortgage insurance premium. Or, put down 20% (or $31,000) for an approximate $1,063 mortgage payment. Please consult your loan officer for confirmation. RENTALS: A 2-bedroom, 1-bathroom unit at 7817 Belmont (Unit 2) rented for $1,395 per month. Please ask your agent to pull MLS# 10688173. Additionally, a 2-bedroom, 1-bathroom unit at 7701 Belmont (Unit 1) rented for $1,395 per month. Please ask your agent to pull MLS# 10954931. In short, you can easily expect to rent this unit for $1,400 per month after its rehab and earn nearly $175 per month in free cash flow, which comes out to $2,100 per year in positive cash flow. Easy to show. Close to plentiful shopping and restaurants, Kennedy Expressway, O'Hare Airport and much more. Easy to show!
Exterior Features

Driveway Concrete Exterior Building Type Brick Exterior Features BalconyStorms/Screens Foundation Details Concrete Perimeter Is Parking Included In Price Yes Lot Features Corner Lot Parking Details Space/S Parking Features Assigned Parking Onsite Yes Parking Ownership Owned Parking Total 1 Roof Rubber Stories Total 3 Unit Floor Level 3 Waterfront YN No

Interior Features

Appliances RangeRefrigerator Approximate Finished Sq Ft 0 Basement None Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 2 Cooling Window/Wall Units - 2 Fireplaces Total 0 Heating Natural GasSteamBaseboard Interior Features Storage Laundry Features Common Area Room Type No Additional Rooms Rooms Bedroom 2 (Main) Dining Room (Main) Kitchen (Main) Laundry (Lower) Living Room (Main) Master Bedroom (Main) Rooms Total 5 Total Sq Ft 0 Unfinished Sqft 0

Property Features

Additional Parcels YN No Age 61-70 Years Association Amenities Coin LaundryStorage Association Fee 266 Association Fee Frequency Monthly Association Fee Includes HeatGasInsuranceExterior MaintenanceLawn CareScavengerSnow Removal Built Before1978 YN Yes Can Owner Rent Unit YN Yes Contingency Financing Continue To Show Yes Corporate Limits Chicago Currently Leased No Disability Access And Or Equipped No Electric Circuit Breakers General Information None Master Association Fee Frequency Not Required Master Association Fee YN No Max Pet Weight 99 New Construction YN No Other Equipment Intercom Ownership Condo Pets Allowed Cats OkDogs OkNumber Limit Pets Allowed YN Yes Rebuilt YN No Rural No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 89.34 Tax Year 2020 Total Numberof Unitsin Building 14 Township Jefferson Type Attached Single Type Attached CondoLow Rise (1-3 Stories) Water Source Lake Michigan

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Peter Drossos Real Estate.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2021-12-04T23:58:37.23 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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