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$779,900
Est. payment /mo
4 Beds
UPDATED:
10/26/2024 04:01 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Ravenswood Manor
MLS Listing ID 12175020
Style Brownstone
Bedrooms 4
Year Built 1900
Annual Tax Amount $12,649
Tax Year 2023
Lot Dimensions 30X125
Property Description
Prime Investment Opportunity in Ravenswood Manor! Discover the incredible rental income potential of this spacious brick 2-flat. This property is ideally located in the highly coveted Ravenswood Manor neighborhood and the top-rated Waters School District. Whether you're an investor seeking to leverage the robust rental market or a homeowner looking for extra income, this property offers unmatched versatility. Just steps from Horner Park and the Chicago River Walk, this well-maintained property features two expansive units. Both units boast 2 bedrooms plus a front sunroom, rear office/studio area, large formal dining room, and a full bath. The first-floor unit also features a custom gas heat-producing fireplace with new tile and built-ins, which adds both functionality and charm. The second-floor unit features exposed brick and a way cool retro 60's kitchen. The lower-level is perfect for family and out of town guests! The building's unique character is highlighted by its beautiful green Spanish-tiled roof. Built-in 1916, this property is also eligible for Ravenswood Manor Historical Status, adding potential historical significance and future value. Recent improvements include; 2022-Rebuilt north and south parapet walls, replaced roof flashing, resealed roof, and completed tuckpointing. 2020-Replaced all sidewalk and walkway concrete for enhanced curb appeal. 2019-Installed new electricity to the garage. 2022-Updated the first-floor kitchen with new cabinets, countertops, and stainless steel appliances. 2020-Renovated the basement in-law apartment to include one bedroom, a full bath, and a complete kitchen with new cabinets, countertops, and stainless appliances. 2019: Remodeled the first-floor bath. The lower-level in-law This is an excellent location near award-winning restaurants & shops, Horner Park, the Chicago River Walk, and Lincoln Square. And just a quick walk to the adorable Rockwell EL stop. This is the perfect opportunity to secure a solid income-generating property in one of Chicago's most desirable neighborhoods!
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Steam
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Rubber
Building
Lot Description Fenced Yard
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Karen Holt • @properties Christie's International Real Estate