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Listed by Dalila Arellanoof A List Homes Realty
$419,000
Est. payment /mo
5 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12614581
Bedrooms 5
Year Built 1915
Annual Tax Amount $2,411
Tax Year 2024
Lot Dimensions 3125
Property Sub-Type Two to Four Units
Property Description
Grand Crossing | 2-Unit Greystone | Airbnb Income | Third Unit Potential A rare opportunity to acquire a fully stabilized, income-producing grey stone two-flat in one of Chicago's most connected and fast-evolving neighborhoods. Meticulously maintained and recently remodeled throughout, this property delivers immediate above-market cash flow - with a third unit conversion opportunity that sets it apart from the competition. Both units are generously sized, featuring open-concept living areas, modern flooring, updated bathrooms, and functional kitchens with contemporary finishes. Currently performing as short-term rentals, the units are producing compelling above-market yields from day one - making this an attractive, financeable asset for investors and owner-occupants alike. The building itself is built to last and ready to perform: classic grey stone construction, separate utility meters, a 2-car garage, and zero known deferred maintenance. No surprises. No heavy lifting. Just a truly turn-key investment. Ideally situated near public transit, neighborhood retail, and major corridors, with effortless access to South Shore Cultural Center, Lake Michigan, and the Loop. Whether you're a seasoned investor looking to grow your portfolio or an owner-occupant this grey stone delivers on every front.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Full, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com