Under contract
Contingent
1742 W Foster Avenue
Chicago IL, 60640
$1,225,000
Under contract
Contingent
11 Beds
7 Baths
Multi-family
Built in 1997
Courtesy of Peter Drossos Real Estate
This property has two solid strategies. First, you can live in one unit and rent out the other three units. Why buy a $400,000 condominium when you can buy this 4-unit building and live for practically free? Second, you can just keep the entire building as an investment property! May I add: this building is immaculately maintained, and it makes money! This is a legal, 4-unit building and each unit has a rare bedroom and bathroom count. There are three above-grade units, and there is a garden unit. The three above-grade units consist of three bedrooms and two full bathroom units. These three above-grade units are also spacious, well-lit and impressive! All three above-grade units feature hardwood floors, tall ceilings, an open concept floor plan accentuated by a beautiful kitchen, recessed lighting and many windows for that natural, crisp sunlight followed by three spacious bedrooms with a lot of closet space and two full bathrooms; there is one full, common bathroom and the primary bedroom features a primary bathroom for that extra sense of convenience and privacy. You will love each unit! You will also love the garden unit; it features two bedrooms, and a full bathroom; it is spacious and functional and just right. And, it is equally impressive! There is a common, coin-operated laundry facility in the rear, lower level and there is a rear, 3-car detached garage that can easily accommodate additional cars if the garage door remains open on both sides. This beautiful building is close to it all: shopping, schools, transportation, notable Side Practice Coffee and minutes away from Andersonville! It is a must see. It is a true armchair investment. A 10!
12182138
MLSⓇ ID
October 7, 2024
Listed
November 13, 2024
Updated
Map
1742 W Foster Avenue
Chicago IL, 60640
Interior Features
Bedrooms
11
Total Bathrooms
7
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.08 Acres
Exterior Features
Storms/Screens
Roof
Flat
Sewer
Public Sewer
School Information
School District
299
Other Property Details
Area Name
CHI - Edgewater
Taxes
$15,399
Tax Frequency
Annually
Days on Market
38
Garage
Yes
Garage Spaces
3
Parking
Unassigned
Parking Total
6
View
No
County
Cook
Municipality
Lake View
Water Source
Lake Michigan
Pool
No
Zoning
MULTI
Listing History
Date | Event | Price |
---|---|---|
11/13/2024 | Under contract | — |
Courtesy of Peter Drossos Real Estate, Peter Drossos,
Listing Contact: 773-593-5626
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Data last updated 2:39 PM UTC, 11/13/2024