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Listed by Lourdes Hernandezof Coldwell Banker Realty
$1,150,000
Est. payment /mo
10 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12655146
Style Greystone
Bedrooms 10
Year Built 1900
Annual Tax Amount $14,383
Tax Year 2024
Lot Dimensions 33x125
Property Sub-Type Two to Four Units
Property Description
A rare opportunity to own a solid, legal 4 Unit, income-producing Greystone in one of Chicago's most dynamic and fast-appreciating corridors. Whether you're an investor looking to grow your portfolio or an owner-occupant ready to live in one unit while your tenants pay your mortgage, this property delivers the bones, the location, and the upside. The building offers a strong unit mix: Garden unit: 5 rooms, 2 beds, 2 baths; 1st floor: 6 rooms, 2 beds, 1 bath; 2nd floor: 6 rooms, 3 beds, 1 bath; 3rd Fl: 7 rooms, 3 beds, 1 bath. Current monthly gross income is $9,100 with select units still presenting a clear value-add opportunity to bring rents to market rate and meaningfully increase cash flow. This building has been well maintained with meaningful capital improvements already completed. A full brickwork tuckpointing job was finished last year, along with new back porch siding, a new city ordinance-compliant front porch railing, new concrete on the north side of the building, and repaired concrete and railing at the garden unit's side entrance, plus a new extra-thick concrete back porch footing. The roof is 8-9 years old and in excellent condition. HVAC and all heating units are fully operational and have been regularly maintained. A new water heater was installed in the garden unit late last year. Select units present a clear value-add opportunity, giving the next owner the ability to bring rents to market rate and meaningfully increase cash flow. The location is the cherry on top. Situated one block from the iconic Humboldt Park and its 207 acres of green space, the building sits at the intersection of some of Chicago's most exciting neighborhoods, Wicker Park, Bucktown, and Ukrainian Village are all just minutes away, offering some of the city's best dining, nightlife, and culture. The Western and Damen Blue Line stops are easily accessible, making this a commuter-friendly address that keeps demand and rents strong.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Partially Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 3.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Stone
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com