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Maksym Haruk

mharuk.realestate@gmail.com +1(773) 691-7614

$ 375,000

Est. payment | -/mo

4 Beds

2 Baths

Save

$ 375,000

Est. payment | -/mo

Save

4 Beds

2 Baths

OPEN HOUSE

Sun Mar 23, 1:00pm - 2:30pm

Sun Mar 30, 1:00pm - 2:30pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12292831

Style Brownstone

Bedrooms 4

Year Built 1909

Annual Tax Amount $2,964

Tax Year 2023

Lot Dimensions 6,930

Property Sub-Type Two to Four Units

Property Description

Phenomenal South Shore Multi-Family Gem - A Rare Find with Lake Views! An exceptional opportunity awaits in South Shore! This well-maintained, expansive 2-Flat exudes authentic charm and character, making it a perfect fit for an owner-occupant looking to build long-term equity or an investor seeking strong cash flow potential in one of Chicago's most sought-after neighborhoods. Each of the two legal units boasts formal living and dining areas + a sitting area, generously sized bedrooms with high ceilings, and striking coffered ceilings in the primary bedrooms. Kitchens are spacious enough to accommodate an eatery, and each unit features a full-size bathroom. The partially finished basement, featuring 7+ ft ceiling height, front and rear entry access, and ample space, presents an opportunity for a third-unit build-out or a duplex-down expansion. Alternatively, the space can be converted for storage and coin laundry to add passive income. Recent upgrades include a newer fully fenced backyard, a newer garage with a freshly poured concrete parking slab, and a recently improved rear porch offering second-level lake views. This property offers tremendous built-in equity and high rental upside that can be realized with just the right amount of TLC! Fully renovated 2-unit comps appraise at $431,333+, while converting the basement into an additional unit or duplexing down the first-floor unit could push valuations to $661,750+! Renovated 2-bed units in the area rent for $1,900+ per month! The spacious unit layouts allows for dining rooms to be converted into additional bedrooms, further increasing rental income potential, 3-bed units can generate $2,300+ per month! Conveniently located steps away from the lake, parks, shopping, dining, public transit, and major expressways, this property sits near the soon-to-be-completed Obama Presidential Library and a wave of exciting South Shore developments, making it primed for massive appreciation. Property sold as-is. Schedule your showing today and secure your piece of South Shore's future!

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 2.0

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Applegate • Straight-A Realty, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 691-7614

mharuk.realestate@gmail.com

1700 W Higgins Rd STE 240, Plaines, IL, 60018

7419 S Coles AVE Chicago, IL 60649