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Additional details
$ 849,900
Est. payment | /mo
10 Beds
4 Baths
$ 849,900
Est. payment | /mo
10 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12629812
Bedrooms 10
Year Built 1923
Annual Tax Amount $14,120
Tax Year 2025
Lot Dimensions 32 x 125
Property Sub-Type Two to Four Units
Property Description
Fully Renovated & High-Performing 3-Flat in Prime West Ridge Location. Turnkey investment opportunity in the heart of West Ridge! This fully renovated and high-performing 3-flat features true 3-bedroom layouts in all three units, an upgraded configuration that consistently commands strong tenant demand compared with typical vintage layouts in the area. The property offers a strong and diversified income profile, with current monthly rents of $2,620, $2,530, and $2,475, plus an additional $1,400/month from the garden unit. The 3-car garage provides further income potential at approximately $150 per space. Potential rent, including parking, is approximately $9,475/month or $113,700 annually. Units feature spacious floor plans, updated kitchens, hardwood floors, and functional living spaces designed to appeal to long-term tenants. Recent capital improvements include a new boiler/heating system, kitchen reconfigurations, commercial Speed Queen laundry, garage masonry improvements, pest remediation and sealing, two window replacements, and new stoves in two of the three units. The property has demonstrated leasing performance and benefits from strong tenant demand in a desirable West Ridge location near transportation, schools, shopping, dining, and everyday conveniences. The garden unit is non-conforming and currently provides an additional $1,400/month in rental income. A rare opportunity to acquire a renovated, income-producing multifamily property with strong rental performance, multiple income streams, and significant capital improvements already completed.
Location
State IL
County Cook
Area Chi - West Ridge
Rooms
Basement Finished, Full
Interior
Heating Steam, Radiator(s)
Fireplace N
Exterior
Garage Spaces 3.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Anel Bonfil of HomeSmart Connect LLC
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