- Status New
- Price $1,395,000
- Bed 7
- Bath 4
- Location Lakeview
Incredible Lakeview investment opportunity with RT-3.5 zoning, allowing for two-flats, townhouses, low-density apartment buildings, and single-family homes. Currently generating below market value $7,000/month in rental income with substantial upside through aesthetic renovations and rental increases, this property is being offered as a portfolio of three individual condo PINs, with the potential to convert to a single tax PIN. Constructed in 1994, the 4-story BRICK & BLOCK building features three units totaling 7 bedrooms and 4 bathrooms. Unit #3 is a spacious 3 bed/2 bath duplex-up with vaulted ceilings and streaming natural light - 1,862sqft, Unit #2 is a 2 bed/1 bath - 919sqft, and Unit #1 is a 2 bed/1 bath garden-level unit - 907sqft. ALL units feature private rear balconies and are individually metered and include in-unit washer and dryer, central HVAC, and individual water heaters. The property also offers a private fenced backyard and three rear parking spaces on a parking pad. Good long-term tenants who pay on time: Unit #3 rents for $3,300/month through 5/31/27, Unit #2 rents for $1,900/month through 4/30/27, and Unit #1 rents for $1,800/month through 8/31/26. Walk to Jewel Osco, Diversey Train and Buses. Rarely does a cash-flowing, value-add asset with flexible zoning, multiple exit strategies, and long-term redevelopment potential become available in one of Chicago's most sought-after neighborhoods!
General Info
- Property Type Two to Four Units
- Price $1,395,000
- Taxes $29,814
- Assessments Not provided
- Assessments Include Not provided
- Market Time 4 days
- Year Built 1994
- Square Feet Not provided
- Listed by Cory Tanzer Option Premier LLC
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms 17
- Bedrooms 7
- Bathrooms 4
Units
- Unit 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Laundry Hook-Up
- Rent $1,800/mo
- Tenant Pays Electric,Gas
- Lease Expires 8/26
- Unit 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Fireplace-Gas, Laundry Hook-Up, Hardwood Floors
- Rent $1,900/mo
- Tenant Pays Electric,Gas
- Lease Expires 4/27
- Unit 3
- Rooms 7
- Beds 3
- Baths 2.1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Fireplace-Gas, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors, Skylights/Windows, Walk-In Closet
- Rent $3,300/mo
- Tenant Pays Electric,Gas
- Lease Expires 5/27
Features
- Heat Natural Gas
- Air Conditioning Not provided
- Parking Not provided
- Age 31-40 Years
- Exterior Not provided
Based on information submitted to the MLS GRID as of 7/19/2026 12:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
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