523 E 41st Street Open House Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60653
OPEN HOUSE
Mon Jun 02, 4:00pm - 6:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12365141
Bedrooms 5
Year Built 1890
Annual Tax Amount $5,927
Tax Year 2023
Lot Dimensions 25X118
Property Sub-Type Two to Four Units
Property Description
Nestled in the heart of Chicago's highly desirable historic Bronzeville neighborhood, this lovely red brick 2 unit seamlessly blends historic character with modern functionality! On a lovely tree-lined street, this property is very unique as it was an original 1st floor, duplex up. The current owner has transformed the functionality to create additional income! There is a legal basement/garden unit, however the seller does not represent the legality of the 3rd unit. (Current rents: Garden $1360, 1st Flr $1225, 2nd Flr $1365) This building is an ideal choice for both an owner-occupant or savvy investor looking to make an investment in a booming area that is full of new developments! eeking rental income potential. The garden/basement unit features 2 good sized bedrooms, 1 full bath, in-unit laundry, a formal dining room, living room, and open-concept kitchen. The 1st Flr layout has a welcoming foyer that leads to a formal living room and dining room, both adorned with original hardwood floors and high ceilings that amplify the home's classic charm. The units have been thoughtfully updated and the building has been maintained very well over the years, blending classic details with modern amenities. Each unit presents an excellent opportunity for rental income or could be utilized as an Airbnb for short-term or mid-term stays. Separate utilities include: one boiler, two hot water heaters, and individual electric panels. Additionally, there is a concrete parking pad with potential for garage construction. This is the perfect location, just a 15-minute commute to downtown via bus or train; a 7-minute drive, and very close to Lake Michigan. Schedule your private tour today!
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished,Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Roof Type Flat
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick,Stone,Concrete
New Construction false
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany