3 level - Owner's Unit 4 Bedroom / 4.5 Bath with 2 Bedroom / 1 Bath apartment
When the apartment is used to generate income, 25% of the property expenses can be used as a write off for income taxes.
Property taxes and mortgage interest are expenses
25% of the property taxes=$7,747.28, net property tax of $23,241.85.
With 10% down and an interest rate of 4.65% with a 30 year fixed, the first 5 years annual mortgage interest will average to approximately $68K.
25% of that is deductible, that translates to approximate savings of $17,000 per year.
Over $24K in tax savings!
Annual income is $27,600, nearly covering current property taxes OR with 20% down @ 4.65% about 20% of your monthly mortgage paid!
American walnut & cherry kitchen with Sub Zero refrigerator, Wolf double oven & gas cooktop with Ventahood & Miele dishwasher. Adjacent Butler's Pantry and Wet Bar.
Ask for details on this kitchen make over.
Homes features include:
Indiana limestone facade & full masonry w/triple pane Marvin windows
Rock solid foundation with exterior drain tiles
Roof top Trex deck with pergola and full kitchen with sink, wired for sound and heat
Crown molding and custom panel doors with Baldwin hardware throughout
Custom staircase built on site and elevator which goes to top floor.
Control 4 Smart Home with audio & central vacuum
Gas powered backup generator
English garden apartment with private entrance features:
Beautiful condo quality 2 bedroom / 1 bath
High ceilings, large windows and engineered floors
Spacious living/dining room with fireplace
Granite kitchen with GE Profile appliances
Two ample bedrooms with generous closets
Marble and granite bathroom
Laundy room and storage
Living the life of luxury doesn't have to cost you a fortune.
Come see this thoughtfully designed beautiful home!
Maureen is a real estate broker committed to successful results for her clients, consistently ranking in the top 1% of Realtors over the past 20+ years.
Maureen is keenly aware that the need to buy and sell real estate is most often associated with other significant changes in a client’s life, and she does all she can to make the process less stressful. Keeping the client’s goals at the center Maureen promises:
High level of service and integrity. Data driven assessments and candid advice. Timely communication, advocacy and discretion. Whether working for a Buyer or a Seller, Maureen understands they approach the process differently. Maureen’s goal is to have a satisfied clients.
Maureen loves to share her appreciation of the benefits of city living, whether new to Chicago, to growing a family or preparing for a new stage in life. Maureen specializes in single family, townhome and condominium home sales and purchases on Chicago’s Near North Side: Gold Coast, River North, West Loop, Lincoln Park, Lakeview, Bucktown, and from the South Loop to North Center.