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Listed by Benyamin Lalezof Compass
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Est. payment | /mo
5 Beds
5,000 Acres Lot
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Est. payment | /mo
5 Beds
5,000 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12736003
Bedrooms 5
Annual Tax Amount $7,861
Tax Year 2024
Lot Size 5000.000 Acres
Lot Dimensions 40X125
Property Sub-Type Two to Four Units
Property Description
COMING SOON! A rare combination of space, flexibility and income potential, this well-kept Hermosa 2-flat sits on an extra-wide 40 x 125-foot lot and offers the kind of versatility that is increasingly hard to find in Chicago, it offers a flexible setup for an owner-occupant or investor looking to generate rental income. With 2 updated Flats, a finished basement, and ample parking, the property combines functional living space with strong income-producing potential.The first and second floor units were remodeled in 2015, with each offering 2 bedrooms, 1 bathroom, a spacious living room, formal dining room, updated kitchen and generous storage. Both apartments receive excellent natural light, while Unit 2 offers the added convenience of a private in unit washer and dryer. The finished basement, completed in 2019, includes a non-conforming 1-bedroom garden unit with a living room, bathroom, updated kitchen and its own washer and dryer. The additional space provides flexibility for extended family, guests, a home office or potential use.Outside, the property offers a 2 car covered garage along with 4 additional exterior parking spaces, providing a total of 6 parking spots for more potential income. A rear deck adds convenient outdoor space. Unit 1, Unit 2, and the basement are serviced by one central furnace equipped with a Nest thermostat. Recent Updates, Include a newer roof 2022, two tankless water heaters 2022 and Freshly painted 2024. Current rental income includes $1,850/month for Unit 1 and $1,900/month for Unit 2 (Under market value) Conveniently located near schools, transportation, shopping, and everyday amenities, With multiple living spaces, substantial parking, and an extra-wide lot, the property offers several ways to maximize its use and long-term value. Whether you're house hacking, building your portfolio, or searching for a move-in-ready multi-unit, this one stands out with its clean design, solid updates and strong long-term upside. This is a true turnkey opportunity in Chicago you won't want to miss.
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Frame
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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