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$ 775,000
Est. payment | /mo
9 Beds
3 Baths
3,049 Sqft Lot
$ 775,000
Est. payment | /mo
9 Beds
3 Baths
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12359856
Bedrooms 9
Year Built 1908
Annual Tax Amount $8,909
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 24 X 127
Property Sub-Type Two to Four Units
Property Description
There is an assumable loan at a rate of 3.125 with a maturity date in July of 2051 for a new buyer to take advantage of. Please inquire for full details. This striking red brick three-unit building underwent a full gut renovation in 2018, completed with permits and attention to every detail. Modern upgrades include central air conditioning, new plumbing and electrical systems, fully redesigned kitchens and bathrooms with contemporary finishes, new flooring throughout, and tankless water heaters. Spacious new master bedrooms, private outdoor spaces, and a shared rear patio offer residents an elevated living experience. The building also features on-site parking for 2-3 vehicles, a premium amenity in the area. The current ownership intends not to renew the Unit 2 lease, providing an ideal opportunity for an owner-occupant to move in and enjoy the property while collecting rental income from the remaining two units. With rents currently positioned below market rates, new ownership has significant potential to increase income through rent adjustments. This is a rare opportunity to acquire a beautifully renovated, income-producing asset with both immediate and long-term upside.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
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
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angelo Labriola • Sperry Van Ness
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Sarah Leonard
Broker | Owner