Bought with Michael Scanlon of eXp Realty, LLC
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Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12294432
Sold Date 06/09/25
Bedrooms 12
Annual Tax Amount $23,490
Tax Year 2023
Lot Dimensions 125X25
Property Sub-Type Two to Four Units
Property Description
Prime Investment Opportunity - Legal 4-Unit with Strong Upside Potential! Investors and owner-occupants, take notice! This legal 4-unit property with a 6/3/2 unit mix offers significant value-add potential with below-market rents and ample opportunity to enhance the units for maximum rental income. The front building features three spacious units, each with 3 bedrooms, 2 baths, central air, and heat, while the rare 2-level, 3 bedroom, 2 bath coach house provides additional income or an ideal owner-occupied living space. With tenants covering their own utilities and on-site coin laundry for extra revenue, this property presents an investment opportunity with strong cash flow potential. Located just steps from Humboldt Park, this is a prime opportunity to renovate, reposition, and maximize returns. For owner-occupants, live in the coach house, enjoy a single-family home feel, and let rental income offset your mortgage. Seize this opportunity to invest in a high-demand rental market with strong value-add potential and room for growth!
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Michael Scanlon
Team leader | License ID: 475.188240
Team leader License ID: 475.188240




