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Chicago 60631 Edison Park
6863 North NORTHWEST Highway #1A
$231,058*
Condo - Off Market

6863 North NORTHWEST Highway #1A

Chicago, IL 60631
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1000 Sqft
$146,000 - $178,000
Reference Base Price*
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Welcome home to a very well-maintained, first floor, corner, condo unit condo in an excellent area!  Walk into freshly painted unit with warm grey tones and a sun drenched unit dotted with south and west windows for that natural, crisp sunlight exposure accentuated by a functional floor plan.  The living room refreshingly opens up to a balcony and a beautiful kitchen area with its honey colored kitchen cabinets, an impressive counter-top, s/s appliances and a large space designated for a breakfast table.  Each bedroom is very spacious and it boasts huge closets; this unit has three additional closets for extra space too - plus a storage facility in the basement (Storage Unit #1A).  And, as we know, the area is phenomenal: walk a few blocks west to downtown Park Ridge or walk a few blocks east to Edison Park - and enjoy the lively scene!  Rentals OK.  Pets OK.  The following section consists of pertinent information to the unit/building.  MONTHLY HOA DUES: The HOA dues are $383.83 per month.  However, you only pay for electricity and cable/internet.  The current owner just paid a special assessment and this covered a new roof, heated gutters and downspouts for the building.  The roof now is about 2 months old.  There is also discussion among the unit owners to lower the monthly HOA bills but it has not been confirmed yet.  PROPERTY TAXES: The current, 2018 property tax bill is $3,071 per year without a homeowner's exemption on this unit.  Your property tax bill will be about $678 less with a homeowner's exemption, which will reduce your property tax bill from $3,071 per year to about $2,393 per year.  PARKING: This unit comes with an assigned spot (Parking Space #4) and the Association is working with an attorney to possibly convert the assigned space into a deeded parking space; the Association is have a meeting in a couple of weeks about this very topic.  There is also a ton of street parking in front of the building on Northwest Highway and one block south on Olmstead Avenue.  RENTALS: You can rent this unit!  The Association allows up to four (4) units to be rented.  Presently, only one (1) unit is rented.  Your prospective tenant will need a 680+ FICO score, per HOA rules, and the tenant will need to be approved by the Association.  You can easily rent this particular unit for about $1,500 per month and, hence, capture $18,000 in gross rental income per year.  Rental comparables can be proven at MLS #10276197 ($1,525) or MLS #10302315 ($1,550).  LAUNDRY: There is also a coin-operated washer ($1) and dryer ($1) in the basement.  Show and sell.  A 10!

The manager has listed the unit size as 1000 square feet.
Unit Size
1,000Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
Condo
Property Taxes
$3,009
HOA Dues
$32
Year Built
-

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Sep 22, 2020 In contract -
In contract
May 24, 2020 No longer available -
No longer available
May 17, 2020 No longer available -
No longer available
May 7, 2020 No longer available -
No longer available
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200307 Unit 1A
03/07/2020
1A
2 Bed
1 Bath
1000 ft²
$162,500
bedrooms
2 Bed
bathrooms
1 Bath
square feet
1000 ft²
-
-
-
-
20190722 Unit 3A
07/22/2019
3A
2 Bed
1 Bath
800 ft²
$110,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
800 ft²
-
-
-
-

Building Info

6863 North Northwest Highway 6863 North Northwest Highway, Chicago, IL 60631
More about this Building
6863 North Northwest Highway
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About Northwest Side


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