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Serene Realty, Inc

info@serenerealtyinc.com +1(312) 650-7940

$ 395,000

Est. payment | -/mo

8 Beds

3 Baths

Save

$ 395,000

Est. payment | -/mo

Save

8 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12732919

Bedrooms 8

Year Built 1898

Annual Tax Amount $2,753

Tax Year 2023

Lot Dimensions 3500 sq ft

Property Sub-Type Two to Four Units

Property Description

Welcome to the charming, income-generating 2-unit building in South Shore offering 8 bedrooms, 3 bathrooms, and a 2-car garage with a party door. The property features a 3-bedroom upper-level unit currently rented for $1,300/month, providing immediate rental income and strong potential for growth. The first-floor unit is duplexed to the basement and offers an expansive 5-bedroom, 3-bathroom layout with spacious bedrooms, hardwood floors, and stainless steel appliances. The first-floor unit has an estimated rental potential of $2,500-$2,700/month, making this an attractive opportunity for an investor or owner-occupant looking to maximize the property's income potential. With ease of access to Obama Presidential Center, University of Chicago, Jackson Park Hospital, the Illinois Tollway, Lake Shore Drive, Metra, and several commuter bus routes including 6, 28, 71, and 75, this may be the most convenient (and attractive) choice for you and/or your future tenants. The property is being offered as-is with a premium warranty covering major systems, appliances, correction of code violations, permits and modifications. The owner will address lender-required repairs as needed to facilitate financing. This is a solid opportunity for buyers seeking space, rental income, and long-term upside in a highly coveted location. If you're serious about taking the next step, contact me to schedule your showing today.

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

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

Interior

Heating Natural Gas

Equipment Ceiling Fan(s), Sump Pump

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Madison School

High Schools Chicago Vocational Career Acad S

School District 151 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Alisha Harris of Ellison Parker Realty

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States

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7422 S Blackstone AVE Chicago, IL 60619