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$2,700,000

Sale Pending
3745 N Lakewood Ave, Chicago, IL 60613
5 Beds
4 Baths
5,100 Square Feet
0.00 Acres Lot
Built in 1903
Sale Pending
Units n/a
Checked: 12 hours ago
Updated: Jul 18, 2025 at 03:49AM

Investment Summary


Monthly Cash Flow
-$9,050
Cap Rate
1.7%
Cash-on-Cash Return
-17.5%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-12.9%

Property Description


0.00 Acres Lot
Built in 1903
Sale Pending
Units n/a

Architecturally stunning, completely custom 5 Bedroom | 3.1 Bathroom greystone on an extra-wide 30' lot, situated on one of the Southport Corridor's most idyllic, one-way streets within 2 blocks from coveted Blaine School District. This extraordinary residence features over 5100 sqf and was completely overhauled with superior attention to detail that includes wide-plank white oak flooring, detailed millwork and built-ins, one-of-a-kind lighting and draperies throughout. An imported, oversized front door leads to an open floor plan with large living room with vintage marble fireplace, separate dining area that is perfectly situated near the completely upgraded De Guilio Kitchen that offers a massive island, 60" Wolf double range, oversized SubZero fridge and wine refrigerator, Miele dishwasher, warming drawer and microwave and inlay cabinetry with built-in Siematic organization throughout. The kitchen overlooks a large family room that is flanked with a custom floor to ceiling window wall allowing for incredible natural light, cerused oak built-ins, gas fireplace with limestone surround and a separate built-in desk/homework station. A full, separate mudroom with organized closets plus bench and powder room with lacquered walls complete this level. The top floor features a primary suite oasis complete with an oversized bedroom, spa-like bathroom with Ann Sachs marble tile, oversized shower and separate soaking tub and a huge walk-in closet with separate spaces and built-in washer/dryer. A gorgeous office is attached to the primary suite and features 2 walls of windows, custom lacquered built-ins and library lighting and opens to a lovely 2nd floor rear terrace. 2 additional large bedrooms and a full bathroom with Ann Sachs tile and tub complete this level. The lower level offers a massive recreation room with soaring ceiling height, tons of natural light, radiant heat and is perfect for entertaining and features a separate nook ideal for workout equipment or play space. 2 additional large bedrooms including a front bedroom with a custom window seat, full bathroom with floor-to-ceiling porcelain tile and large shower, separate laundry room and an abundance of storage. The front and back yards were designed and landscaped by Chalet Landscaping feature boxwood gardens, blue stone pavers and a turfed backyard with room for an oversized trampoline. The garage rooftop deck was customized with a steel pergola, outdoor television, firepit and separate dining, lounging and sports/recreation spaces. All perfectly located within a few blocks from the Southport Corridor's retail, award-winning restaurants, coffee shops, grocery stores and transportation and a short stroll to numerous parks including Gallagher Way, Juniper Park and Blaine field. Impeccably updated and maintained, this home is ideal for the most discerning buyer who appreciates incomparable design elements with a functional floor plan set in an ideal location!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Exterior Entry, Full, Daylight
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1420117007
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Greystone
  • Year Built: 1903

Tax Information

  • Annual Tax: $37,241

Utilities

  • Heating: Natural Gas, Forced Air, Zoned
  • Cooling: Central Air, Zoned

Location

  • County: Cook

Listing Details


Listed by:
Jeffrey Lowe
Compass
(312) 883-3030

Source:
Midwest Real Estate Data (MRED)
MLS#: 12390259
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$9,050
Cap Rate
1.7%
Cash-on-Cash Return
-17.5%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-12.9%

Purchase Details

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Purchase price:
$2,700,000
Amount financed:
-$2,160,000
Down payment:
$540,000
Closing costs:
$81,000
Rehab costs:
$0
Initial cash invested:
$621,000
Square feet:
5,100
Cost per square foot:
$529
Monthly rent per square foot:
$1.94

Financing Details

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Loan amount:
$2,160,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$12,777
Property tax:
$3,104
Insurance:
$693
Private mortgage insurance (PMI):
$0
Monthly payment:
$16,574

Operating Income

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% Rent Monthly Yearly
Gross rent:
$9,900 $118,800
Vacancy loss: (6%)
6% -$594 -$7,128
Operating income:
$9,306 $111,672

Operating Expenses


% Rent Monthly Yearly
Property taxes: (31%)
31%-$3,104-$37,242
Insurance: (7%)
7%-$693-$8,316
Property management: (8%)
8%-$792-$9,504
Repairs & maintenance: (5%)
5%-$495-$5,940
Capital expenditures: (5%)
5%-$495-$5,940
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (56%)
56%-$5,579-$66,942

Cash Flow


Monthly Yearly
Net operating income:
$3,727 $44,724
Mortgage payments:
-$12,777 -$153,324
Cash flow:
$9,050 $108,600