2540 West Hutchinson Street

Offered for $575,000

*Take a Virtual 360 Tour HERE

Jump into Investing in the lowest priced 2 unit building for sale in North Center! Meticulously cared for extra wide, two unit brick construction in the coveted Waters Elementary School district. Owner/family occupied for over 45 years! First floor 2bd/1bth + den is the owner’s unit, featuring hardwood flooring throughout, updated kitchen and bath- plus direct access to a large back deck. Enjoy the front sun porch and rear den space. Opportunity to duplex down to expand the unit! Upstairs rental unit offers hardwood flooring and matches the layout to the lower unit. So many investment options: owner occupy and have a tenant help with the mortgage, update both units and flip for $700,000-$800,000 or convert to a single family home for a resale value of around $1 Million! Increase your monthly rental income by making updates to the units and pull in ~$4000+ monthly in rent! Close proximity to the 58-acre Horner Park offering extensive running paths, athletic facilities and a robust list of community programs. Just steps from the citizen-led Riverbank Neighbors Nature Trail and the 312 River Run, a new path that stretches for nearly two miles on the Chicago River, from Belmont to Montrose avenues. A short walk to the Brown Line Rockwell stop makes this an incredible location to invest!

Schedule a showing today! Contact team@oliviaschicago.com to learn more or to schedule a tour!

Olivia Carlson
team@oliviaschicago.com
773.888.3002

Riverbank Neighbors is a neighborhood organization whose mission is the preservation and investment in the North Branch Riverbank trails and the surrounding neighborhood. The group’s long time sponsor is Friends of the Chicago River, a 501(c)(3) non-profit organization.

This group spends time together:

  • Cleaning up the North Branch River trails making them easier to access and enjoy
  • Partnering with Waters Elementary Head of Ecology to plant native friendly flowers and grasses for the park area
  • Cultivating the common area gardens
  • Celebrating community with gatherings like the Equinox Gathering with games, food, music and fun!

Riverbank Neighbors and their community efforts make this the “best kept secret” neighborhood on the North Side. It is a beautiful, established, and secure community of people who love and are invested in where they live.

More information is found at riverbankneighbors.org

312 River Run, a new path that stretches for nearly two miles on the Chicago River, from Belmont to Montrose avenues!

 

Brick Two Flat in North Center + Waters Elementary

  • Extra wide two unit brick building
  • First floor offers 2bed, 1bath Owner’s Unit including sun room, den, updated kitchen, updated bathroom, decorative fireplace, hardwood floors and massive back deck
  • Second floor unit offers 2bed, 1bath rental unit with MTM tenants including sun room, den, retro kitchen and bath, decorative fireplace and hardwood floors 
  • Low monthly utilities with radiator heating
  • Free laundry room in basement with 2016 washer and dryer, income opportunity
  • 2017 updates include new windows, new silver coated on roof and tuckpointing
  • Massive unfinished basement with good ceiling heights–perfect for duplex down!
  • Two car detached garage new in 2011 offers parking for extra income opportunity
  • Current rent below market value
  • Owner occupied 45+ years = extensive history of updates and improvements upon request
  • Make updates to the units and pull in ~$4000+ monthly in rent! 
  • Update both units and flip for $700,000-$800,000. 
  • Convert to single family home for a resale value of around $1 Million! 
  • Located in the coveted 1+ Waters Elementary and 1+ Amundsen High School Districts
  • Close proximity to the 58-acre Horner Park offering extensive running paths, athletic facilities and a robust list of community programs
  • Steps from Riverbank Neighbors Nature Trail and the two mile long 312 River Run path!
  • 13 minute walk from the Brown Line at the Rockwell stop

2018 Taxes: ​$10,501.27 – no exemptions taken

2540 West Hutchinson Street has a Walk Score of 81 out of 100. This location is Very Walkable so most errands can be accomplished on foot. 2540 West Hutchinson Street is a 13 minute walk from the Brown Line at the Rockwell stop. This location is in the North Center neighborhood in Chicago. Nearby parks include Welles Park (with a huge swim program), Horner Park, and Paul Revere Park.

Rail LInes:

  • Brown Line 0.5 mi
  • UP-N Union Pacific North 1.2 mi

 

Bus Lines:

  • 78 Montrose 0.2 mi
  • 49 Western 0.3 mi
  • X49 Western Express 0.3 mi
  • 80 Irving Park 0.3 mi

 

Car Shares:

  • Zipcar: California/Berteau 0.3 mi
  • I-GO: 4101 N. California 0.3 mi
  • Zipcar: Irving Park/Oakley 0.5 mi
  • Zipcar: Leavitt/Montrose – On-Street 0.5 mi

 

Bike Shares:

  • Divvy Station 1.4 mi

 

Restaurants:

  • Celtic Crown Public House 0.3 mi
  • Armand’s Pizzeria 0.5 mi
  • Lizzy J Cafe 0.6 mi
  • Bad Apple 0.6 mi
  • Half Acre 0.6 mi
  • The Northman 0.7 mi
  • Cho Sun Ok 0.7 mi
  • Rocks 0.8 mi
  • Thai Room 0.8 mi
  • Sticky Rice 0.8 mi
  • Chicago Joe’s 0.8 mi
  • Chayhana 0.8 mi
  • O’Donovan’s 1.0 mi
  • Jerry’s Sandwiches 1.0 mi
  • Garcia’s 1.0 mi
  • Wasabi 1.1 mi
  • Brownstone 1.1 mi
  • Dovetail Brewing 1.2 mi
  • The Globe 1.3 mi
  • Orange Garden 1.4 mi
  • Begyle Brewing 1.4 mi

 

Grocery Stores

  • Aldi 0.4 mi
  • Horner Park Farmers Market 0.6 mi
  • Jewel 0.7 mi
  • Traders Joe’s 1.4 mi
  • Cermak Fresh Market 1.4 mi
  • Mariano’s 1.7 mi
  • Tony’s Fresh Market 1.8 mi
  • Whole Foods 2.3 mi

 

Retail Shops

  • Embellish Boutique 0.7 mi
  • Amadara 0.8 mi
  • Hazel Apparel 1.0 mi
  • Fleet Feet 1.0 mi
  • Genevieve 1.0 mi
  • Nadeau 1.2 mi

 

Coffee Shops

  • Lutz Cafe 0.3 mi
  • Dunkin’ Donuts  0.6 mi
  • Red Eyes Cafe 0.7 mi
  • Beans & Bagels 0.7 mi
  • Oromo Cafe 0.9 mi
  • Baker Miller 0.9 mi
  • Coffee Joint 1.0 mi
  • Starbucks 1.0 mi
  • Ritual Coffee 1.3  mi

 

Gyms

  • Anytime Fitness 0.5 mi
  • Revolution Fitness 0.8 mi
  • Lincoln Square Athletic Club 0.9 mi
  • Ravenswood Fitness Center 0.9 mi
  • Orange Theory 1.0 mi
  • Pure Barre 1.1 mi
  • CorePower Yoga 1.1 mi
  • Windy City Strength & Conditioning 1.9 mi
  • LA Fitness 1.7 mi

 

Public Transportation (info from google maps)

CTA Commute Times:

Door to Door…

  • 46 min to Macy’s on State
  • 40 min to The Merchandise Mart
  • 51 min to Union Station
  • 46 min to Willis Tower
  • 45 min to Lincoln Park Zoo
  • 51 min to John Hancock Center
  • 43 min to O’Hare Airport
  • 1hr 20 min to Midway Airport

Information provided on this site or any related marketing materials, including any oral representations of Olivia’s Chicago Real Estate, listing agent or showing agent is deemed reliable but no representation is made to accuracy and is submitted subject to errors, omissions, changes in price, prior sale and withdrawal without notice. Dimensions are approximate. Developer reserves the right to make changes in floor plans and specifications. Please contact listing agent for the most current information. Marketing materials are not to be used as an exhibit to or included in any way with the purchase contract.