Chicago IL 60649 MLS #MRD12606467

MLS #MRD12606467 image #0
Fantastic opportunity to own a turnkey three-flat in the elevated Jackson Park neighborhood in South Shore, perfect for an owner-occupant or investor. The building is HUGE on a double-wide lot with each unit being 2100 SF. Fully gut rehabbed in 2014 with all new plumbing, electrical, drywall and refinished floors. Each unit offers three spacious bedrooms and two full baths, along with expansive living and dining areas, a bright sunroom, and a large open kitchen featuring granite and stainless steel appliances each unit includes a “separate A/C, furnaces, hot water heaters, and in-unit W/D” ?. Enclosed walk up, three-car garage, and a sizable backyard. The full unfinished basement presents excellent potential for a 4th unit, with high ceilings, egress/ingress – an outstanding value-add opportunity. Ideally located on one of the nicest streets in Jackson Park, South Shore’s beautiful beaches and boat docks, the Museum of Science and Industry, and a variety of shopping and dining options. Convenient access to downtown via bus, train, or Lake Shore Drive. Adding to the area’s appeal, a new family entertainment center is scheduled to break ground in Spring 2026. All 3 units are currently rented at $1990-2100/unit, reflecting the quality level of finishes and location. Assumablie FHA Loan 2.75% Loan balance $358,109.00 PITI $2,777.00.

Property Details

Price:
$698,750
MLS #:
MRD12606467
Status:
Active Under Contract
Beds:
9
Baths:
6
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Apr 13, 2026
Year Built:
1917
Chi – South ShoreChisouthshore

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Community Features
Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
3
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
3
Parking Total
3
Patio And Porch Features
Porch
Window Features
Screens

Financial

Net Operating Income
$71,280
Tax Year
2024
Taxes
$5,100

Listing Agent & Office

George Ayling
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