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$ 889,000
Est. payment | /mo
7 Beds
5 Baths
$ 889,000
Est. payment | /mo
7 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12428126
Bedrooms 7
Annual Tax Amount $16,879
Tax Year 2023
Lot Dimensions 25 X 108
Property Sub-Type Two to Four Units
Property Description
Located in the vibrant and highly desirable Lakeview neighborhood of Chicago, this property presents a unique opportunity for both investors and owner-occupiers. It is a 3-flat with a coach house and a fifth unit available-though the legality of the additional unit is not confirmed. Currently, the first-floor space is rented as a one-bedroom, one-bathroom residence, but it has the potential to be converted into office space. Buyers should perform their own due diligence regarding the permitted use of this space. The first-floor unit offers flexible use potential, providing an excellent opportunity to significantly increase rental income. Long-term tenants are in place, and there is potential to raise rents with some updates and TLC. The building is being sold as-is, with some repairs and renovations needed. Situated in a walkable neighborhood, the property is close to parks, recreational areas, and iconic attractions like Wrigley Field. It is also conveniently located near major grocery stores, including Whole Foods and Jewel, within walking distance. The area is surrounded by boutique shops, popular restaurants, and vibrant nightlife, with excellent public transportation options nearby, including CTA trains and buses. With its versatile layout and prime location, this property offers substantial investment and development potential, making it an ideal choice for those looking to capitalize on the thriving Lakeview market.
Location
State IL
County Cook
Area Chi - Lake View
Zoning MULTI
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Heating Natural Gas, Radiator(s), Space Heater
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
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
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Olya Ellis of Coldwell Banker Realty
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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