5823 N NICOLET AVE

CHICAGO, IL 60631
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5 bd, 4 ba | 3,800 sqft | Built in 1879

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List Price
$949,000

Initial Investment

$258,603

Purchase Price

$949,000

Down Payment

25%

Rent

$4,070

Total Return

-$42,916

Annualized Return

-2.8%

Cap Rate

2.2%

Gross Yield

5.1%

Cash Flow

-$32,593

Appreciation

2.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

22,176

HOA

None

Flood Risk

Not Required

Historic Gem in Old Norwood Park: Step into a piece of Chicago's rich history with this well maintained Victorian-era home on 3 city landscaped lots, nestled in the heart of Old Norwood Park. Built in the mid-1800s, this residence seamlessly blends timeless elegance with modern amenities. As you enter this home you are greeted by a grand staircase that leads to the 2 upper bedroom levels. The home is flooded with light from 4 directions and original ornate architectural details. The main level consisting of a sitting room with a beautiful fireplace and adjacent sun room that faces west, north and south that captures sunlight all day long. The formal living room boasts a 2nd fireplace and is adjacent to the private dining room. The large eat in kitchen is well equipped for today's home chef with granite counters, stainless appliances and windows on 2 sides, leading to a porch and butler's pantry. The 2nd level has 3 bedrooms and 2 bathrooms (1 ensuite) as well as a 2nd sun room, and the 3rd level is a primary suite featuring a dressing room, 2 walk in closets, large windowed bathroom with separate shower and vessel tub, primary bedroom as well as a smaller additional bedroom. The basement features a mechanical room, laundry room, storage rooms and a potential 6th bedroom/recreation room. The property is completed by a free standing 2 car garage that is accessed by private driveway as well as an additional building that is perfect for outdoor entertaining and relaxation. The extraordinary landscaped grounds feature raised gardens, patio areas, fire pit and mature trees. Old Norwood Park has the feel of a small town with lovely tree lined streets that circle the intimate parks and green spaces...yet in the city, steps away to Metra/El and easy access to the city as well as northern suburbs.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$46,398

Expenses

-$8,259

Property Taxes

-$19,140

Loan Payments

-$51,593

Net Cash Flow

-$32,593

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Marc Kaufman
Agent License 475192724
Baird & Warner
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12294846
Last Updated: 03/19/2025 19:03
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