REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 375,000
Est. payment | /mo
3 Beds
$ 375,000
Est. payment | /mo
3 Beds
OPEN HOUSE
Sat Apr 26, 11:00am - 12:30pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12223081
Bedrooms 3
Year Built 1926
Annual Tax Amount $3,615
Tax Year 2023
Lot Dimensions 30X127
Property Sub-Type Two to Four Units
Property Description
Discover a rare investment opportunity in South Shore, a massive, golden brick three-flat offering over 4,000 square feet of living space. Each spacious unit features three bedrooms, original hardwood floors, and separate living and dining rooms, providing a solid foundation for strong rental income or an owner-occupant setup. Major upgrades have already been completed, including a brand-new back porch (2025, city-approved), two new furnaces (2024), all-new copper water lines (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system was updated in recent years, and two attic condensers offer the potential for central air installation. While additional renovations are needed to bring the property to its full potential, the full basement presents a huge opportunity, with 7-foot ceilings, front and rear exits, and existing plumbing, making it ideal for conversion into a legal two-bedroom, one-bath garden unit. With potential gross monthly rental income reaching $7,700 and after-repair values averaging $525,000+, this property offers significant equity upside. Additionally, the seller is currently addressing a minor furnace violation, ensuring the property will be delivered free of code violations at closing. The owner has taken key steps to set a buyer up for success, making this an ideal project for an investor or savvy homeowner looking to add value. Located just minutes from Lake Michigan, Jackson Park Golf Course, the Obama Presidential Library, public transit, and major highways, this South Shore gem is priced to sell-schedule your showing today! Property sold AS-IS.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
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 Michael Applegate • Straight-A Realty, LLC