$559,000

5 Bed, 3 Bath, Approx - Sq Ft

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Excellent opportunity to invest in a well maintained and managed, all brick turn key 2 Unit building with several simple value add options to realize the property's true potential. The property has been professionally managed and maintained since 2006. The building was completely remodeled in 2008, although many updates have been made since then. Building features a double dormer, allowing for a quaint 2/1 on the top floor with hardwood flooring, stainless kitchen and a nice enclosed porch. The main floor features 2 bedrooms and 1 full bathroom, high ceilings, hardwood flooring, exposed brick walls, open floor plan and a large stainless kitchen w/ granite & 42" maple cabinets. When combined with the basement this unit will rent as a 3 bed/2 bath in a duplex configuration. The basement currently has 6'6" of ceiling height. The value add options are to dig down the basement for a conventional duplex down, build out the lower level as a 3rd unit, leveraging the existing separate lower level entrance or convert the property to a spacious single family home. Enjoy wide open spaces flooded with natural light with very large windows and full light from 3 sides of the property. Basement also feature laundry room with 2 sets of washer/dryers. The fully secured property consists of both a small front landscaped area and back yard with both a small grass lawn and a wonderful paver stone patio. Units have completely separated meters and tenants paid all utilities. Many upgrades to the property include an all new concrete pad & garage (2008), new central HVAC (2008), all new bronze aluminum windows (2008), new hot water tanks (2018), freshly refinished hardwood floors on both levels, full main floor bathroom remodel and paint throughout (2020). The taxes have been successfully appealed for 2019 & 2020 and will be reduced by $1488/year for both 2019 and 2020. Great area, close to everything! Located on an excellent block of Artesian Ave, just one block west of Western! Steps from CTA bus to downtown or walk north to catch blue line El stop at Wester & Armitage. Just a few blocks west of all that Wicker Park & Bucktown have to offer. Only a few blocks South of the 606. And just a few blocks East of Humboldt Park, one of Chicago's most beautiful, amenity filled city parks. Seller is licensed IL broker. Easy to show day or night.

Status: CLSD

Partner Agent

Tom Brown

Phone: 312-502-8213

Email: tb@sparrowrealty.us