Bought with Lisa Vlk of Realty of America, LLC
$140,000
$159,900
12.4%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
SOLD DATE : 05/05/2026
Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12588252
Sold Date 05/05/26
Bedrooms 5
Year Built 1914
Annual Tax Amount $1,693
Tax Year 2023
Lot Dimensions 30X125
Property Sub-Type Two to Four Units
Property Description
Investor & Owner-Occupant Opportunity - Classic Chicago Brick 2-Unit with Massive Upside Attention investors, rehabbers, contractors, and savvy homebuyers looking to build serious equity. This solid brick 2-unit building offers an incredible opportunity for both experienced investors and owner-occupants looking to customize their dream home while generating rental income. The property features 5 total bedrooms and 3 full bathrooms and is ready for complete renovation giving the next owner the ability to redesign the property exactly how they want. Also, during the renovation the new owner will be able to add another bedroom to the second unit to make this a fabulous 6 bedroom 3 bathroom property. Perfect for Owner-Occupants Using Renovation Financing This property is also a rare opportunity for an owner-occupant to purchase a multi-unit property, renovate it to their personal taste, and create instant sweat equity. Buyers using renovation financing programs such as FHA 203(k) or HomeStyle Renovation loans may have the opportunity to: * Live in one unit and rent the second unit * Use rental income to help offset the mortgage * Build long-term equity while generating income * Over half of housing expenses could be offset by rental income from the second unit after renovation. Property requires a FULL GUT REHAB. Sold AS-IS "Seller will review highest and best offers within 7 days of listing date March 26, 2026."
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
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 None
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