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In-PersonVirtual Tour
$ 375,000
Est. payment | /mo
7 Beds
5 Baths
$ 375,000
Est. payment | /mo
7 Beds
5 Baths
Open House
Sat Nov 22, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12507038
Style Greystone
Bedrooms 7
Year Built 1903
Annual Tax Amount $2,117
Tax Year 2023
Lot Dimensions 25 x 139
Property Sub-Type Two to Four Units
Property Description
Classic Chicago Greystone two-flat in fast-rising West Garfield Park with RT-4 zoning and ADU eligibility-an exceptional, high-upside opportunity delivered with full architectural plans, drawings, and permits. Major improvements are already complete, including a newer roof with an added protective layer, all-new plumbing (city-passed), and all-new electrical (awaiting final approval). Each oversized unit-4BR/2BA up and 3BR/2BA down-offers approximately 1,600 sq ft with soaring ceilings, brand-new hardwood floors, updated bathrooms, and washer/dryer hookups in every unit, including the basement. The walkout basement (~2,100 sq ft with 7.5-ft ceilings and a full bath) is primed to become either a duplex-down, a fully legal third unit under existing RT-4 zoning (no upzoning required), or an ADU conversion unit for an owner-occupant. ARV is estimated at $456,000 as a two-flat and $505,000 as a three-unit, with strong rental comps showing demand for ~$2,350/month for 4BR/2BA units and ~$1,892/month for 3BR/2BA units. The home requires only minimal finishing work-with kitchen cabinets for Unit 1, bathroom tile, and drywall materials included on-site to complete the remaining finishes-and also features a two-car garage, convenient access to I-290 and CTA, and proximity to the rapidly expanding United Center redevelopment. The seller, a professional remodeling contractor, is not distressed and is offering a $10,000 closing credit, making this a rare, near-turnkey Greystone with tremendous equity and income potential for both investors and house hackers.
Location
State IL
County Cook
Area Chi - West Garfield Park
Zoning MULTI
Rooms
Basement Unfinished, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick,Stone, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick,Stone
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 of Straight-A Realty, LLC
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