7419 S Coles Avenue , Chicago, IL 60649
Chicago, IL 60649
Description
Phenomenal South Shore Multi-Family Gem - A Rare Find with Lake Views! An exceptional opportunity awaits in South Shore! This well-maintained, expansive 2-Flat exudes authentic charm and character, making it a perfect fit for an owner-occupant looking to build long-term equity or an investor seeking strong cash flow potential in one of Chicago's most sought-after neighborhoods. Each of the two legal units boasts formal living and dining areas + a sitting area, generously sized bedrooms with high ceilings, and striking coffered ceilings in the primary bedrooms. Kitchens are spacious enough to accommodate an eatery, and each unit features a full-size bathroom. The partially finished basement, featuring 7+ ft ceiling height, front and rear entry access, and ample space, presents an opportunity for a third-unit build-out or a duplex-down expansion. Alternatively, the space can be converted for storage and coin laundry to add passive income. Recent upgrades include a newer fully fenced backyard, a newer garage with a freshly poured concrete parking slab, and a recently improved rear porch offering second-level lake views. This property offers tremendous built-in equity and high rental upside that can be realized with just the right amount of TLC! Fully renovated 2-unit comps appraise at $431,333+, while converting the basement into an additional unit or duplexing down the first-floor unit could push valuations to $661,750+! Renovated 2-bed units in the area rent for $1,900+ per month! The spacious unit layouts allows for dining rooms to be converted into additional bedrooms, further increasing rental income potential, 3-bed units can generate $2,300+ per month! Conveniently located steps away from the lake, parks, shopping, dining, public transit, and major expressways, this property sits near the soon-to-be-completed Obama Presidential Library and a wave of exciting South Shore developments, making it primed for massive appreciation. Property sold as-is. Schedule your showing today and secure your piece of South Shore's future!
Details
| MLS# | 12292831 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 9 |
| Listing Provided By | Straight-A Realty, LLC | Michael Applegate |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| Garage | 2 |
| Basement | Y |
| Zoning | MULTI |
Market Activity 60649
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| School District | 299 |
| Elementary School | 299 |
| Middle School | 299 |
| High School | 299 |
| Listing VS Median (In 60649) | |
Price: $375,000 low | high Med: $109,950 On site: 9 low | high Med: 22.000000 | |