1 month on rocket

2537 N Wayne Ave, Chicago, IL, 60614

$1,725,000

Home List Price

$10,000*

Closing Credit

11 Bedrooms
8 Baths
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

2537 N Wayne Ave, Chicago$1,725,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
HeatingNatural Gas
BasementYes
MLS #12003555
StatusActive

About 2537 N Wayne Ave

AAA+++ 4 unit investment property in Lincoln Park. Turnkey, fully updated in 2020. Rock solid building. Located one street east of Southport on one of the most desirable blocks in Lincoln Park. Offers easy access to world-class restaurants, bars, shopping and Red/Brown/Purple line transfers at nearby Fullerton stop. Great for commuting tenants. All units have been recently updated with large, modern kitchens and bathrooms, making them attractive to professional tenants with little to no vacancies historically. These units were formerly four separate condos with individual PINs. Each unit is a duplex/two-level apartment with individual central heat and AC, water heater, gas log fireplaces, and in-unit laundry, making them highly desirable to tenants. The property comes with two assigned outdoor parking spaces with the potential for a third parking space for a smaller car. The property also features a large rear yard, providing tenants with a private outdoor space. New Roof in 2022. Lincoln Park is a high-demand area with low vacancy rates, making this property an excellent investment opportunity. This property offers strong financial performance and potential for long-term appreciation. Rental income has been increasing annually. GRI $151K, NOI 113K GRM 11.4 puts this offering at a 6.56% CAP RATE return at full offer price well above Lincoln Park valuations. Formerly four separate condominiums with separate electric and HVAC. Viewings of the property require 48 hours tour notice due to tenant occupancy. Information deemed reliable but buyer should perform their own due diligence.

Property Details

Property Features

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (773) 472-0200
  • Listing Agent: James Gramata

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 11

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Lincoln Park High School, Public District Grades 9-12
  • Mayer Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Southport (1400W) to Wrightwood (2600N). East to Wayne (first street) then turn right (south) to property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,725,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Chicago, IL

City

Med. Sold Price

$346.4K

Med. Price/SqFt

$246

Avg. Days On Market

40

# of Sold Homes

1846

2537 N Wayne Ave vs Chicago

46 DAYS ON ROCKET

+6 Days

$1,725,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M 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: #12003555

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (773) 472-0200
  • Listing Agent: James Gramata

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

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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: 4/29/2024, 10:15:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,677

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,238

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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.

Elementary School

school-card-donut-3049980
9
/10

  • Mayer Elementary School

  • 2250 N Clifton Ave

  • 0.43 miles

  • Public District Grades PK-8

High School

school-card-donut-3049981
7
/10

  • Lincoln Park High School

  • 2001 N Orchard St

  • 1.05 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $185,112. The most common annual income of people living in Chicago, IL is $200k+. Typical family type is 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 2537 N Wayne Ave

What is the listing price of this property?

The listing price of 2537 N Wayne Ave property is $1,725,000.

What type of property is this?

The property 2537 N Wayne Ave is a house located in Chicago, Illinois, 60614.

Is this property for sale now?

Active Listing: 2537 N Wayne Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2537 N Wayne Ave are:
Mayer Elementary School: GreatSchools Rating 9/10
Lincoln Park High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 2537 N Wayne Ave has 11 bedrooms and 8 bathrooms.

Rocket Homes›Illinois›Cook County›Chicago›60614›2537 N Wayne Ave

This home is located at 2537 N Wayne Ave in Chicago, IL and zip code 60614 in the Lincoln Park neighborhood. Features: 11 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $1,725,000.

Chicago, IL housing market in March 2024 saw over 612 listings sold above listed price, more than 317 sold at listed price and over 916 sold below. Between February 2024 and March 2024, Chicago, IL real estate market has seen increase in the number of listings by 21.5%. In March 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $346,470.

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

More Resources