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Gisela Attlan

[email protected] +1(312) 804-0112

$ 799,000

Est. payment -/mo

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Open Sat 10:30AM-12PM

1541 W Highland AVE Chicago, IL 60660

6 Beds

4 Baths

OPEN HOUSE

Sat Jun 07, 10:30am - 12:00pm

Sun Jun 08, 12:30pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12371418

Bedrooms 6

Year Built 1910

Annual Tax Amount $8,162

Tax Year 2023

Lot Dimensions 25X110

Property Sub-Type Two to Four Units

Property Description

Incredible opportunity for a savvy buyer. This well maintained 2-flat can be a turnkey investment. Or this building could be an amazing alternative in the super competitive single-family home market. Current total monthly income of $5,750/month and a 7% cap rate. BUY IT NOW, EARN INCOME AND MOVE IN NEXT YEAR. Unit #2 is a beautifully remodeled top floor duplex that features 4 bedrooms, 2 full bathrooms ($4000/month). It's an owner's unit that truly lives like a SINGLE FAMILY HOME. The central staircase entering the unit opens to an expansive and bright living and dining room. This huge open concept living space with custom wood molding offers both flow and flexibility with plenty of room for a separate dining area, family room, office or reading nook. The first floor hallway leads to a full bathroom across from the 4th bedroom, which can easily double as a home office. The large eat-in kitchen has plenty of counter space and has been tastefully remodeled. The laundry room private to unit 2 also has plenty of storage. The second floor features three bedrooms and a full bathroom with custom cabinetry. The unit was renovated in 2013 to have modern functionality while maintaining its original charm. Unit #1 is a duplex down ($1750/month) with long-term tenants that features 2 bedrooms and 2 bathrooms. The unit entrance opens into a large living/family room. The primary bedroom is across from the first full bathroom. At the rear of the unit is a large eat-in kitchen. The lower level is a sprawling family room that the current tenants use as another bedroom with a full ensuite bathroom. TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Each unit has their own laundry room. Lots of storage! CENTRAL AC/HEAT for both units. 2-car garage. Owner has taken excellent care of the property. Both units are leased through August 2026. See additional details for projections of cash flows. With 20%+ down payment, the building will have immediate POSITIVE CASH FLOW. Buy now, earn a return, move in 2026. The location is fantastic. Close to the new Metra Station, 22 bus, CTA Red line. A fifteen minute walk down to ANDERSONVILLE and a fifteen minute walk to the lake. Cozy Corner, Devon Market, Sauce and Bread Kitchen and tons of other charming neighborhood spots are right outside your door. Welcome home!

Location

State IL

County Cook

Area Chi - Edgewater

Zoning MULTI

Rooms

Basement Finished, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Frame, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Frame

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://real.vision/1541-west-highland-avenue/tour?o=u

Listed by George Tully • @properties Christie's International Real Estate

Gisela Attlan

Real Estate Advisor | License ID: 475180654

+1(312) 804-0112

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