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Michael Kang

michael.kang@cbrealty.com +1(773) 344-0738

Listed by Cesar Sandovalof PAK Home Realty

$ 529,000

Est. payment | -/mo

6 Beds

Save

$ 529,000

Est. payment | -/mo

Save

6 Beds

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12607101

Bedrooms 6

Year Built 1960

Annual Tax Amount $7,133

Tax Year 2024

Lot Dimensions 50 X 125

Property Sub-Type Two to Four Units

Property Description

Solid all-brick legal LARGE 2-flat situated on a rare double lot (50' frontage), offering exceptional space, flexibility, and long-term upside. The main level features a spacious 3-bedroom, 1-bath unit, while the second floor offers a well-laid-out 2-bedroom, 1-bath unit-ideal for owner-occupants or investors seeking strong rental potential. In ADDITION , the property includes a highly desirable 3RD in-law unit with two completely separate entrances, providing excellent versatility for extended family living or additional income potential. A wide concrete driveway leads to a standout 2-story garage with interior stairs accessing a full second level-perfect for storage, workspace, or future value-add opportunities. Significant capital improvements have been completed, including full electrical panel and meter replacement, updated FURNACE SYSTEMS and water heaters, new sump pump, and extensive plumbing upgrades. Additional enhancements include a remodeled basement with expanded open floor plan living space, updated bathrooms, newer windows, roof repairs, foundation crack remediation, and multiple appliance replacements, delivering true turnkey confidence. The building offers favorable taxes and a good utility setup, with the second-floor tenant paying their own electric, while ownership covers gas and water. Located in a quiet, well-maintained community, residents benefit from unique local amenities including access to a free health clinic and dental care, low-cost park district gym membership, nearby parks and forest preserves, and convenient proximity to I-55, Archer Avenue, and Midway Airport. This is a rare opportunity to own a well-maintained, income-generating asset with multiple streams of potential revenue, strong infrastructure, and long-term appreciation upside.

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Rooms

Basement Finished, Exterior Entry, Concrete, Rec/Family Area, Storage Space, Walk-Up Access, Full, Walk-Out Access

Interior

Heating Steam, Baseboard

Fireplace N

Exterior

Garage Spaces 2.0

Utilities Available Cable Available

View Y/N true

Roof Type Asphalt

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Charles J Sahs Elementary School

Middle Schools Charles J Sahs Elementary School

High Schools Reavis High School

School District 110, 110, 220

Others

Ownership Fee Simple

Special Listing Condition None

NEARBY SCHOOLS & PROPERTIES

+1(773) 344-0738

michael.kang@cbrealty.com

676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States

4752 S Lotus Avenue Chicago, IL 60638