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 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Michael Hall Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 11/13/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 2:39 PM UTC, 11/13/2024

 

 

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