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1742 W Foster Avenue

Chicago, IL 60640
  • $1,225,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 12182138
UPDATED: 53 min ago
$1,225,000
  • 11
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1997
County:
Area:

School Ratings & Info

School District:
299

Description

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!

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© 2024 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Charles Rutenberg Realty. Based on information submitted to the MRED as of 2024-11-08T22:00:48.63 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1742 W Foster Avenue Chicago, IL 60640

  • Price: $1,225,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 53 min ago
  • MLS #: 12182138
11
Beds
0
Baths
0
½ Baths
0.08
Acres
1997
Built
Neighborhood:
Andersonville
County:
Cook
Area:
Cook
School District:
299
Property Description
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!
Exterior Features

Exterior Building Type Brick Exterior Features Storms/Screens Foundation Details Concrete Perimeter Garage Details Garage Door Opener(s)Transmitter(s) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 4 Flat Parking Details GarageSpace/s Parking Features Unassigned Parking Onsite Yes Parking Ownership Owned Parking Total 6 Roof Flat Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 11 Full Baths In Building 7 Half Baths In Building 0 Heating Natural Gas Room Type Enclosed Porch Rooms Total 22

Property Features

Additional Parcels YN No Age 26-30 Years Built Before1978 YN No Community Features ParkCurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information None Gross Income 105324 Mls Actual Status Active New Construction YN No Other Equipment CO Detectors Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 15398.72 Tax Year 2023 Total Numberof Unitsin Building 4 Total Rental Income 105324 Township Lake View Type Two to Four Units Water Source Lake Michigan Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Peter Drossos Real Estate: 773-593-5626.


© 2024 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Charles Rutenberg Realty. Based on information submitted to the MRED as of 2024-11-08T22:00:48.63 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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