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$950,000

Est. payment - /mo

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6 Beds

4 Baths

New

1214 W GRANVILLE AVE Chicago, IL 60660

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Gus Morquecho

mba@re-consultinggroup.com +1(219) 308-2266

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12284121

Style Contemporary

Bedrooms 6

Annual Tax Amount $12,131

Tax Year 2023

Lot Dimensions 40X122

Property Sub-Type Two to Four Units

Property Description

This all-brick two-flat in the heart of Edgewater is a fantastic investment opportunity with spacious living areas, modern updates, and excellent rental potential. The owner's unit (duplex up) offers 3 bedrooms, including 2 main-floor bedrooms and a lofted primary suite with a full master bath. The unit features hardwood floors throughout, a formal dining room, and an updated kitchen with granite countertops, stainless steel appliances, and a high-end Viking Pro stove. Enjoy a large front deck, perfect for outdoor relaxation. The HVAC and water heater were replaced just 2 years ago. The tenant's unit (duplex down) includes 3 bedrooms, 2 baths, a wraparound front deck, and a small back deck off the kitchen. A solid long-term tenant currently occupies the unit and would be happy to stay. While it could benefit from updates, it offers excellent rental potential. The property also features a 2-car garage and a driveway with a tandem spots that can accommodate 4 vehicles, providing a total of 6 parking spaces. A prime location just a block and a half from the Red Line, two blocks from the lake, two blocks from Whole Foods, steps from the public library, shopping, restaurants, and more this is a must see! Great amenities, strong income potential, and ample parking-this Edgewater two-flat is a rare find! Downstairs unit rents for $2,668.00/mo. Upstairs unit was periodically renting for $318/night.

Location

State IL

County Cook

Area Chi - Edgewater

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+

Equipment Intercom, Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.5

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Alexandre Stoykov • Compass

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Gus Morquecho

Broker Associate | License ID: RB140551680

+1(219) 308-2266