MULTIPLE OFFERS RECEIVED, HIGHEST & BEST DUE 01/29/26 AT 10 AM. Classic all-brick Chicago two-flat offering solid construction, generous room sizes, and meaningful long-term upside. Located on a 36 x 126 lot, the property includes a two-car detached garage and a rear yard, providing valuable off-street parking and outdoor space. Both units feature traditional, well-proportioned layouts with separate living and dining rooms, hardwood floors, original wood trim, and excellent natural light throughout. The kitchens offer eat-in space, and the bedrooms are comfortably sized, making the layouts functional today while presenting clear opportunities for cosmetic updates and future rent growth. Original architectural details remain intact, preserving the character typical of classic Chicago masonry construction. The partially finished basement includes recreation space, multiple storage rooms, workshop and utility areas, and an additional bathroom. The lower level offers flexibility and potential to be incorporated into a duplex-down configuration or explored as a future garden-level unit, subject to zoning, permits, and buyer due diligence. The property currently provides stable income with built-in flexibility. Unit 1 is leased at $1,400 per month on a month-to-month basis, while Unit 2 is leased at $1,400 per month with a lease in place through September 2026. Total monthly income is $2,800, or $33,600 annually, allowing a buyer to generate cash flow while planning future improvements or occupancy. The property is being offered for sale in as-is condition. Conveniently located near parks, public transportation, restaurants, and neighborhood amenities, with easy access to surrounding North Side communities.
Property Details
Price:
$649,000
MLS #:
MRD12545636
Status:
Active Under Contract
Beds:
4
Baths:
3
Type:
Multi Family
Neighborhood:
chiirvingpark
Listed Date:
Jan 15, 2026
Year Built:
1925
Schools
School District:
299
Elementary School:
Cleveland Elementary School
Middle School:
Cleveland Elementary School
High School:
Schurz High School
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Parking Features
Yes, Detached, Garage
Parking Spots
2
Financial
Tax Year
2024
Taxes
$10,885
Listing Agent & Office
Lance Lukose
Compass
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