$585,000
Est. Mortgage $3,263/mo Get Pre-Qualified
2455 W Lexington St
Chicago, IL 60612 (Tri-Taylor)
Active Contingent
$585,000
Est. Mortgage $3,263/mo Get Pre-Qualified

2455 W Lexington St Chicago, IL 60612

(Tri-Taylor)
  • 9 beds
  • 6 baths
  • 2,921 sqft lot size
  • Multi-Family
  • Active Contingent
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  • Moderate crime relative to the rest of Cook county.

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  • 90 Elementary Schools

    88 Middle Schools

    9 High Schools

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Home Details for 2455 W Lexington St


New construction (2000) red brick 3-flat gut rehabbed in (2016). Brand new everything top to bottom. Fully updated market rents of $1450 + $1500 + $1650 = $4600/mo. ($55,200 gross rents) Total expenses = $9758/yr i.e. Insurance $3000+/- Water $1200 +/- Total Net = $45,442/yr. Cap rate = 7.75%!!! There are about 100+ of these 3-flats W of Western Ave in the UIC West Campus "Tri-Taylor" neighborhood. They were all built between 1995-2005 or so. They are fantastic "dual purpose" buildings. The well designed 3 BR 2 BA units are almost the perfect rental product" and attract every type of re...nter. So they make solid easy to manage armchair investment pieces. They also allow for an owner-occupant to collect rent from two of the units and live in the remaining unit for $1000/mo!!! At FHA 3.5% down!!! ($4000/mo+/- PITI-MI and $3000/mo +/- rents). Walking distance to UIC West campus, Medical District and hospitals. Walking distance to Blue Line L and I-290. Minutes to downtown!
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Listing Info of this property

Information last updated on 05/07/2017 12:00 AM:
    • Price: $585,000
    • 9 Bedrooms
    • 6 full Bathrooms
    • Multi-Family
    • Refrigerator
    • Dishwasher
    • Microwave
    • Washer
    • Dryer
    • Air Conditioning
    • Status: Active Contingent
    • Parking Spaces: 3
    • Heating Fuel: gas
    • Lot Size: 2,921 sqft
    • Built in 2000
    • Neighborhood: Tri-Taylor

2455 W Lexington St Public Records


Official property, sales, and tax information from county (public) records as of 12/2016:
    • Multi-Family Dwellings (Generic, any combination 2+)
    • 3,864 sqft
    • A/C: Central
    • Construction: Masonry
    • Tax Rate Code Area: 77001
    • 6 Bedrooms
    • Lot Size: 2,921 sqft
    • Roof: Shingle (Not Wood)
    • Basement: Improved Basement (Finished)
    • 3 Bathrooms
    • Built In 2001
    • 3 Units
    • County: Cook
2455 West Lexington Street, Chicago IL
2455 W Lexington St
$585,000
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Additional Costs For 2455 W Lexington St


Price History & Trends


Price History for 2455 W Lexington St


Date Event Price Source Agents
10/29/2015 Sold view detail $197,000 Public records Public records  
  • Recording Date
    10/29/2015
  • Contract Date
    10/19/2015
  • Sale Price
    $197,000
  • Price Type
    Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
  • City Transfer Tax
    $2,069
  • County Transfer Tax
    $99
  • Total Transfer Tax
    $197
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    REO Resale
11/16/2007 Sold view detail $591,000 Public records Public records  
  • Recording Date
    11/16/2007
  • Contract Date
    08/15/2006
  • Sale Price
    $591,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $4,433
  • County Transfer Tax
    $296
  • Total Transfer Tax
    $591
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Warranty Deed
12/11/2003 Sold view detail $503,000 Public records Public records  
  • Recording Date
    12/11/2003
  • Contract Date
    10/22/2003
  • Sale Price
    $503,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $3,773
  • County Transfer Tax
    $252
  • Total Transfer Tax
    $503
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    REO Resale

Compare homes in the area

This Home
$585,000
VS
$162,500
$240,000
$261,500

Real Estate Trends in this area

Median sale price for all homes in this area $240,000 59% below listing price

Listing Provided by

Michael Ramstedt, Exit Strategy Realty, (312) 554-5478

Agent Phone: (312) 952-2894

EXIT Realty's team of experienced and knowledgeable professionals can help you find homes for sale in your ideal neighborhood, or help you to sell your current home. State-of-the-art technology including geolocation Smart Signs™, a comprehensive Digital Marketing Strategy and more give home sellers an edge. Our agents have access to the best training available including negotiation and personality profiles to achieve a win/win outcome for everyone involved. “The mission of a real estate professional is to establish good teamwork with all customers and clients. Working together with deliberate, harmonious intent produces the best results,” says Steve Morris, Founder and Chairman. When you buy or sell through us, a portion of every transaction fee received by EXIT Realty Corp. International is pledged to Habitat for Humanity and through our matching program, these funds are redirected back to the communities we serve. Prime career, franchise and regional opportunities available.