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Melissa Garcia

melissagarcia@legacypropertiesil.com +1(630) 878-9868

$ 375,000

Est. payment | -/mo

7 Beds

5 Baths

Save

$ 375,000

Est. payment | -/mo

Save

7 Beds

5 Baths

Open House

Sat Aug 30, 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 12451898

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 West Garfield Park-delivered with full architectural plans, drawings, and permits-showcasing a brand-new roof, all-new electrical (city-passed), and all-new plumbing (awaiting final city approval). Each residence-4BR/2BA up and 3BR/2BA down-spans approximately 1,600 sq ft with soaring ceilings, gorgeous brand-new hardwood floors (paper-protected), new bathrooms, and in-unit laundry hookups (plus a hookup in the basement). Kitchens are new; cabinets/materials are on hand to finish the first-floor kitchen. The walkout basement is huge-approximately 2,100 sq ft-with 7.5-ft ceilings, a freshly poured level concrete floor, two exits, and a full bathroom already in place-excellent upside to add living space or pursue a legal third unit (subject to city approval). That would yield roughly 5,300 sq ft of finished living area-rare at this price point. Light cosmetics remain upstairs; finish those touches and you've got a turn-key building with immediate equity. Pro-forma rents: ~$2,400+ for renovated 4BR/2BA, ~$1,800+ for 3BR/2BA; complete the basement as a 2BR to command ~$1,800+ and reach ~$6,000/month across three units-or live in one and let the other two cover the lion's share of your mortgage and expenses (ideal for FHA 203(k)/renovation financing). ARV ~$486,000 based on nearby renovated sales. Bonus 2-car garage and easy access to I-290 and CTA; close to parks, the Garfield Park Conservatory, and a quick commute to the West Loop/Downtown. Seller isn't distressed-just focused on other projects-offering a savvy buyer the chance to finish quickly and capture serious upside.

Location

State IL

County Cook

Area Chi - West Garfield Park

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

Listed by Michael Applegate • Straight-A Realty, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(630) 878-9868

melissagarcia@legacypropertiesil.com

217 Capitol Dr, Sugar Grove, IL, 60554, USA

4339 W Monroe ST Chicago, IL 60624