ATTENTION INVESTORS & HOUSE-HACKERS! Incredible opportunity to own a solid, stately brick 2-unit situated in the heart of a rapidly appreciating development corridor. This property is perfectly positioned just blocks from the Grayland Metra station and is surrounded by high-end new construction projects that are fundamentally transforming the landscape of N Kostner Ave. Whether you are looking to add a high-yield asset to your portfolio or live in one unit while the other pays your mortgage, this building is a blue-chip find. Both levels feature expansive, light-filled layouts with high ceilings, separate utilities, and the kind of classic Chicago craftsmanship that is increasingly hard to find. The units are generously sized, offering the perfect canvas for modern cosmetic updates that will command top-tier market rents. For the visionary buyer, the full, high-ceiling unfinished basement represents a massive value-add opportunity. It is a blank slate perfectly suited for a sophisticated duplex-down conversion or for creating a sprawling common area and storage facility to further maximize your equity. The location is a commuter’s dream and a lifestyle destination in one. You are within easy walking distance to the sprawling greenery of Kilbourn Park, local favorites like Smoque BBQ and Old Irving Brewing, and offer effortless access to the 90/94 expressway and the Blue Line. With significant capital flowing into the immediate area via new residential and commercial developments, the appreciation potential here is undeniable. This is a rare, high-yield play in one of the city’s most resilient and growing pockets. The property is being sold as-is, offering the chance to capture immediate sweat equity. Don’t miss your chance to secure a stake in the future of Kilbourn Park-schedule your showing today and ride the wave of new development!
Property Details
Price:
$650,000
MLS #:
MRD12628340
Status:
Active
Beds:
6
Baths:
2
Type:
Multi Family
Subdivision:
Old Irving
Neighborhood:
chiirvingpark
Listed Date:
May 1, 2026
Year Built:
1958
Schools
School District:
299
Elementary School:
Scammon Elementary School
Middle School:
Scammon Elementary School
High School:
Schurz High School
Interior
Heating
Natural Gas
Exterior
Architectural Style
Bungalow, Georgian
Construction Materials
Brick
Parking Features
Off Street, Parking Lot, Yes, Owned
Parking Spots
4
Parking Total
4
Patio And Porch Features
Porch
Roof
Asphalt
Financial
Tax Year
2023
Taxes
$11,222
Listing Agent & Office
Ayman Khattab
Village Realty, Inc.
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Copyright 2026. All rights reserved.
3257 N Kostner Avenue
Chicago, IL


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