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$699,000
Est. payment /mo
5 Beds
UPDATED:
08/18/2024 05:07 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12131069
Bedrooms 5
Year Built 1910
Annual Tax Amount $9,081
Tax Year 2022
Lot Dimensions 30 X 94
Property Description
This exceptional two-flat property combines vintage charm with significant income potential, making it an excellent investment opportunity. Located in the highly sought-after Logan Square neighborhood, this residence is just minutes from a vibrant selection of restaurants, cafes, and boutique shops along Milwaukee Avenue. The Logan Square Farmers Market and Blue Line station are conveniently located just 0.4 miles away. Unit 1 features 2 bedrooms and 1 bath, with potential for conversion into a 3-bedroom unit. Unit 2 is a spacious 3-bedroom, 1-bath residence. Both units showcase preserved vintage details including hardwood floors, fireplace mantels, baseboards, window casings, doors, and built-in cabinets, complemented by updated kitchens and bathrooms. The building includes two sets of laundry machines in the basement (currently free for tenant use), updated separate electrical panels and meters, separate gas meters, two hot water heaters, and two furnaces. The unfinished basement and attic with stunning views provide additional opportunities for expansion, such as duplexing Unit 1 down and Unit 2 up. Off-street parking is available at the rear of the property, accessible from the alley. Additionally, the property is situated in an ADU (Additional Dwelling Unit) zoning district, offering the potential to add a coach house, attic or garden unit, which could help offset taxes and mortgage costs. Property being sold as-is.
Location
State IL
County Cook
Community Sidewalks, Street Lights
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Monroe Elementary School
Middle Schools Monroe Elementary School
High Schools Kelvyn Park High School
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Danny McGovern • RE/MAX Properties Northwest