REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 565,000
Est. payment | /mo
9 Beds
3 Baths
$ 565,000
Est. payment | /mo
9 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12787657
Bedrooms 9
Annual Tax Amount $3,387
Tax Year 2023
Lot Dimensions 3600
Property Sub-Type Two to Four Units
Property Description
Legal 2-Unit Property with Potential to legalize existing Third Unit in Woodlawn! Excellent investment opportunity in Chicago's Woodlawn neighborhood, near the Obama Presidential Center and surrounding development. Currently recognized as a legal 2-unit property, the building features two main residential units plus an existing garden apartment with potential for conversion to a legal third unit. Located in an RM-5 zoning district, the property offers an opportunity to pursue legalization of the basement unit, subject to applicable building code requirements, permits, and City of Chicago approvals. The basement meets the height requirements exit door requirements and 4 gas and electrical meters. The top-floor unit is currently occupied by tenants paying $1,800 per month, providing rental income that can help mortgage payments while offering additional income potential. Renovations completed in 2024 include updates to plumbing, electrical systems, and HVAC, along with modern interior finishes. This property presents an attractive value-add opportunity for investors or owner-occupants seeking rental income and future upside in an evolving South Side neighborhood.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Fiske Elementary School
High Schools Hyde Park Career Academy Senior
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 Nayibe Garces of Prello Realty
NEARBY PROPERTIES
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Crest Hill, IL
- Homes For Sale in Woodridge, IL
- Homes For Sale in Romeoville, IL
- Homes For Sale in Joliet, IL
- Homes For Sale in Lisle, IL
- Homes For Sale in Yorkville, IL
- Homes For Sale in Bolingbrook, IL
- Homes For Sale in Fox Lake, IL
- Homes For Sale in Momence, IL
- Homes For Sale in Shorewood, IL
- Homes For Sale in Tinley Park, IL
- Homes For Sale in Wilmington, IL
- Homes For Sale in Lombard, IL
- Homes For Sale in Lockport, IL
- Homes For Sale in Elgin, IL
- Homes For Sale in Plano, IL
- Homes For Sale in Frankfort, IL
- Homes For Sale in Channahon, IL
- Homes For Sale in Coal City, IL
- Homes For Sale in Morris, IL
- Homes For Sale in Putnam, IL
- Homes For Sale in Naperville, IL
- Homes For Sale in Elburn, IL
- Homes For Sale in Aurora, IL
- Homes For Sale in Somonauk, IL
- Homes For Sale in Plainfield, IL
- Homes For Sale in Manhattan, IL
- Homes For Sale in Fairbury, IL
- Homes For Sale in Darien, IL
- Homes For Sale in Lemont, IL
- Homes For Sale in Minooka, IL
- Homes For Sale in Downers Grove, IL
- Homes For Sale in New Lenox, IL
- Homes For Sale in Orland Park, IL