Classic Chicago Greystone located on a quaint tree-lined street in beautiful West Ukrainian Village, located near highly-desirable Smith Park. This building is a perfect fit for a turnkey investor or an owner-occupant with strong rental income to substantially offset the mortgage. A multitude of options exist to enhance the property to fit your daily lifestyle and/or short-term and long-term investment goals: (1) Leave this existing trophy property in its current use as a 2-flat with a separate basement unit for maximum income. (2) Add back a single wall to make the first floor a 3 bed/ 1 bath, again, for maximum income potential. (3) Easily and inexpensively duplex down the main level to the basement for an incredible owner's unit and/or highly-desirable rental for maximum income. (4) Potentially convert to a single family down the road. A long-term, family-owned building with pride of ownership. Forced A/C and heat throughout, 9 ft ceilings, oak hardwood flooring, recessed lighting, solid wood cabinets, SS appliances, granite counters, enclosed rear porches, a sunny and spacious brick-paved patio for a daily oasis or entertaining, and a 2 car garage top off this highly sought-after piece of Chicago history with incredible curb appeal. The entire building, roof, concrete, masonry and windows have all been well-maintained along with updated plumbing, electric, and mechanicals. Gross rental income is estimated at market rates (currently owner-occupied) at $65, 400/yr - approximately a 6.25% CAP rate after tax exemptions are removed. Current tax exemptions include a homeowner exemption, senior exemption, and senior freeze. A truly smart and stable investment that serves many objectives in booming West Town!

Listing Courtesy of MRED as distributed by MLS Grid of Compass 773-466-7150



Based on information submitted to the MLS GRID as of 2023-03-28 08:30 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2023-03-28 08:30 PM UTC
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