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About the Listing 88403 - 884384,1014153
Solid all-brick legal LARGE 2-flat situated on a rare double lot (50' frontage), offering exceptional space, flexibility, and long-term upside. The main level features a spacious 3-bedroom, 1-bath unit, while the second floor offers a well-laid-out 2-bedroom, 1-bath unit-ideal for owner-occupants or investors seeking strong rental potential. In ADDITION , the property includes a highly desirable 3RD in-law unit with two completely separate entrances, providing excellent versatility for extended family living or additional income potential. A wide concrete driveway leads to a standout 2-story garage with interior stairs accessing a full second level-perfect for storage, workspace, or future value-add opportunities. Significant capital improvements have been completed, including full electrical panel and meter replacement, updated FURNACE SYSTEMS and water heaters, new sump pump, and extensive plumbing upgrades. Additional enhancements include a remodeled basement with expanded open floor plan living space, updated bathrooms, newer windows, roof repairs, foundation crack remediation, and multiple appliance replacements, delivering true turnkey confidence. The building offers favorable taxes and a good utility setup, with the second-floor tenant paying their own electric, while ownership covers gas and water. Located in a quiet, well-maintained community, residents benefit from unique local amenities including access to a free health clinic and dental care, low-cost park district gym membership, nearby parks and forest preserves, and convenient proximity to I-55, Archer Avenue, and Midway Airport. This is a rare opportunity to own a well-maintained, income-generating asset with multiple streams of potential revenue, strong infrastructure, and long-term appreciation upside.
Listing Highlights
Status
Pending
Days on Site
14
Property Type
Multi-Family
MLS ®
12607101
Year Built
1960
Total Square Footage
0
Lot/Acreage
50 X 125
County
Cook
Area
CHI - Garfield Ridge
School District
110
Elementary School
Charles J Sahs Elementary School
Middle School
Charles J Sahs Elementary School
High School
Reavis High School
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances: TV-Cable,Sump Pump
- Air Cond:
- Heating: Steam,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Exterior Entry,Concrete,Rec/Family Area,Storage Space,Walk-Up Access,Full,Walk-Out Access
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 50 X 125
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $7,134
- Taxes w/Assessments: N/A
- Tax/Property ID: 19091020250000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Questions About..
4752 S Lotus Ave Chicago, IL 60638
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