2 months on rocket

709 W Roscoe St, Chicago, IL, 60657

$1,650,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
5 Baths
House

Location

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709 W Roscoe St, Chicago$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1906
HeatingNatural Gas, Forced Air
BasementYes
MLS #12161902
StatusActive

About 709 W Roscoe St

This multi-family property offers an unbeatable combination of space, location, and investment potential. Whether you're looking for a spacious family home with income-generating possibilities or a pure investment opportunity, this property deserves your serious consideration. Don't miss out on the chance to own a trophy property in one of the most sought-after neighborhoods. Schedule your viewing today and prepare to fall in love with your new home or investment property! Boasting an impressive 3,972 square feet of living space on a 33 x 133 lot, this legal 4-unit property has an annual gross income of $134,460 a year. RM-4.5 zoning potentially allows for expansion opportunities in this prime location. The owner has lovingly restored and maintained the vintage character of this timeless Greystone while making modern updates. With its multiple bedrooms and bathrooms, this multi-family home presents an excellent opportunity for generating rental income and never has a vacancy. The Lakeview area is highly sought-after by young professionals, students, and families alike, ensuring a steady stream of potential tenants. Whether you choose to live in one unit and rent out the others or utilize the entire property as a rental, the possibilities for creating a lucrative income stream are substantial. Unit 1F is a 3-bedroom duplex down with 2 bathrooms currently rented for $4,590. It features 1 bedroom on the main floor with 10-foot ceilings and original woodwork with inlay floors and restored iron glass in the living room. The expansive renovated kitchen features endless quartz counters and built-in pantry and updated bathroom. The lower level has 7'8 foot ceilings and features two additional bedrooms including a large master bedroom with walk in closet. The large, updated bathroom has heated floors and includes in unit laundry. Unit 1R is a 2-bedroom apartment with 1 bathroom and long term tenants currently rented for $1,975. Unit 2F is a 2-bedroom apartment with 1 bathroom with long term tenants currently rented for $1,950. Unit 2R is a 2-bedroom apartment with 1 bathroom and an updated kitchen and bathroom that is currently rented for $2,690. All units have 10-foot ceilings with inlay floors and restored original woodwork. Step outside into the amazing backyard oasis featuring mature greenery and a paver patio with a firepit and multiple seating arrangements. The landlocked lot offers a quaint and private outdoor space that is serene and makes you forget you are in the center of a bustling city. All units are rented until spring/summer 2025 and the seller is willing to consider a lease buyout to allow for an owner-occupied buyer. There is a huge opportunity to increase rents by $700-$800 in two of the units by performing cosmetic updates. Potential expansion opportunity in the basement as over half of it is currently used for utilities and tenant storage rooms and it has a ceiling height of 7'8. Updated plumbing and flood control system installed 3 years ago. Common laundry for the remaining three units is located in the basement and leased out. Each unit has its own gas and electric meter with HVAC and the owner pays for common service which includes one hot water heater for all units. One of the most alluring aspects of this property is its prime location. Situated in the bustling Lakeview neighborhood, residents will find themselves at the epicenter of Chicago's dynamic urban lifestyle. The area is renowned for its eclectic mix of trendy boutiques, diverse dining options, award winning schools, and lively entertainment venues. Whether you're in the mood for a quiet coffee shop or a night out on the town, you'll find it all just steps from your front door. Imagine starting your day with a refreshing jog along the lakefront or enjoying a picnic in one of the many nearby parks. Located just a short stroll away is the Belmont CTA as well as the express buses on LSD. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Greystone
  • Year Built: 1906

Listing Office:

  • Office Name: Second City Real Estate
  • Office Phone: (312) 392-1650
  • Listing Agent: Brianna Zdravkovic

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Virtual/3D Tour

  • 3D Tour: 709 W Roscoe St
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Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: West on Belmont North on Broadway West on Roscoe

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000

Tax Information:

  • Annual Amount: $23,065
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

709 W Roscoe St vs Chicago

66 DAYS ON ROCKET

+34 Days

$1,650,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12161902

Listing Office:

  • Office Name: Second City Real Estate
  • Office Phone: (312) 392-1650
  • Listing Agent: Brianna Zdravkovic

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 5:15:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$23,065$114,802
2018$22,677$114,802
2017$19,160$89,008

History based on county public records data.

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$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-421757
9
/10

  • Skinner Elementary School

  • 111 S Throop St

  • 2.51 miles

  • Public District Grades PK-5

school-card-donut-421758
4
/10

  • Henry Elementary School

  • 4250 N Saint Louis Ave

  • 3.65 miles

  • Public District Grades PK-6

school-card-donut-421759
5
/10

  • Hibbard Elementary School

  • 3244 W Ainslie St

  • 3.74 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,529. Residents of Chicago, IL typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 709 W Roscoe St

What is the listing price of this property?

The listing price of 709 W Roscoe St property is $1,650,000.

What type of property is this?

The property 709 W Roscoe St is a house located in Chicago, Illinois, 60657.

Is this property for sale now?

Active Listing: 709 W Roscoe St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $23,065 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 709 W Roscoe St has 9 bedrooms and 5 bathrooms.

Which year was this property built?

The year of construction for 709 W Roscoe St is 1906.

Rocket Homes›Illinois›Cook County›Chicago›60657›709 W Roscoe St

This home is located at 709 W Roscoe St in Chicago, IL and zip code 60657 in the Boystown neighborhood. This home was built in 1906. Features: 9 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $1,650,000.

In October 2024 more than 539 listings in Chicago, IL were sold above the asking price. During the same period more than 337 listings were sold at asking price, while more than 919 were sold below. In October 2024 in Chicago, IL there were 14.5% more homes for sale than in September 2024. In October 2024 median list price was $360,336 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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