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OLD TOWN TRIANGLE - VERY RARE OFFERING! 3 HOMES & 3 GARAGE PARKING SPOTS ON 2 SEPARATE BUT PARALLEL LOTS IN THE HEART OF OLD TOWN! 1721 N. FERN & 1718 N. SEDGWICK ARE BEING SOLD TOGETHER BUT THEY CAN BE DIVIDED (2 PIN #'S). THE MAIN RESIDENCE ON FERN CT. IS A ONE-OF-A-KIND HOME THAT WAS CONVERTED FROM A HORSE STABLE DATING BACK TO 1903 AND THE 2 OTHER HOMES CAN BE USED IN MANY WAYS: KEEP AS YEARLY RENTALS / IN-LAW / NANNY / AIRB&B / OFFICE / ART STUDIO. BOTH HOMES CURRENTLY RENTED WITH GROSS REVENUE OF $73K / YEAR. RENTS ARE LOW FOR AREA AND MARKET/PROJECTED GROSS IS CLOSER TO $90K+/YEAR. THE MAIN RESIDENCE OFFERS APPROX 3100 SQ FT ON 2 LEVELS WITH 3 BEDROOMS, 2 FULL BATHS & 2 1/2 BATHS. THIS GORGEOUS SUN-FILLED HOME IS RIGHT OUT OF ARCHITECTURAL DIGEST WITH IT'S STUNNING DE GIULIO KITCHEN, BUILT-IN BANQUETTE SEATING, 17 FT. VAULTED & WOOD BEAMED CEILINGS, SKYLIGHTS, EXPOSED BRICK WALLS, AND AN AMAZING YARD BY LANDSCAPE ARCHITECT HOERR SCHAUDT WITH BUILT-IN GRILL, WOODBURNING FIREPIT W/GAS START, CUSTOM LIGHTING & IRRIGATION SYSTEM. THE YARD HAS BEEN PHOTOGRAPHED AND PUBLISHED IN BETTER HOMES AND GARDENS. THE TWO ADDITIONAL HOMES THAT COMPLETE THIS RARE OFFERING ARE LOCATED ON AN OVERSIZED 25X144 LOT AT 1718 N. SEDGWICK. ONE HOME/BUILDING IS A 3 LEVEL VICTORIAN HOME WITH 3 BEDS 2 1/2 BATHS (RENT = $4175/MONTH) AND THE 2ND HOME/BUILDING IS A BRICK BUILDING WITH 1 BED & 1 BATH (RENT = $1925/MO). THESE TWO HOMES ARE CURRENTLY RENTED UNTIL AUG 2023 AND RENTS ARE LOW FOR AREA. TENANTS PAY THEIR OWN UTILITIES. SELLER HAS EXCLUSIVE USE OF YARD AND 3 GARAGE SPOTS. SELLER PREFERS TO SELL ALL 3 HOMES / 2 LOTS TOGETHER. AMAZING OPPORTUNITY!
Address |
1721 N FERN
Chicago, IL 60614 |
Listing Status | Active |
Asking Price | $3,750,000 |
Original Listing | $3,750,000 @ |
Property Type | Fee Simple |
Asssessment | N/A |
Square Footage | Not Disclosed |
Bedrooms | 3 |
Full Bathrooms | 2 |
Half Baths | 2 |
Directions | Sedgwick to Eugenie, West on Eugenie to Fern Ct. North on Fern Ct. to property. |
Neighborhood | Lincoln Park |
School District | Not Listed |
County | Cook |
Tax PIN | 14333240450000 |
Property Tax | $47,157 for the year 2021 |
Year Built | 1903 |
Laundry Location | In Unit,Laundry Closet |
Elevator | Not Listed |
Cooling | Space Pac, Zoned |
Heating | Indv Controls, Zoned |
Sewer/Septic | Public Sewer |
Fireplaces | Wood Burning,Gas Starter (3) |
Interior Features | Vaulted/Cathedral Ceilings, Skylight(s), Bar-Dry, Hardwood Floors, First Floor Bedroom, In-Law Arrangement, Second Floor Laundry, First Floor Full Bath, Built-in Features, Walk-In Closet(s), Bookcases, Beamed Ceilings |
Additional Parcels | No |
Appliances | Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood |
Association Fee Frequency | Not Applicable |
Basement | Partial |
High School District | 299 |
Living Area Source | Survey |
New Construction | No |
Platform | MRED |
AOR | |
MLS Number | MRD11738126 |
Courtesy of | @properties Christie's International Real Estate |
https://www.chicagotopcondos.com/MRD11738126
Style | Detached Single |
Material | Patio,Dog Run,Storms/Screens,Outdoor Grill,Fire Pit |
Lot Size | 25X144 |
Fencing | Not Listed |
Topography | Not Listed |
Swimming Pool | Not Listed |
Parking |
Total Spaces:
Garage Spaces: 3
Non-Garage Spaces:
0 -
|
View | Not Listed |