$550,000
523 E 41st Street
Chicago, IL, 60653
Nestled in the heart of Chicago’s highly desirable historic Bronzeville neighborhood, this lovely red brick 2 unit seamlessly blends historic character with modern functionality! On a lovely tree-lined street, this property is very unique as it was an original 1st floor, duplex up. The current owner has transformed the functionality to create additional income! There is a legal basement/garden unit, however the seller does not represent the legality of the 3rd unit. (Current rents: Garden $1360, 1st Flr $1225, 2nd Flr $1365) This building is an ideal choice for both an owner-occupant or savvy investor looking to make an investment in a booming area that is full of new developments! eeking rental income potential. The garden/basement unit features 2 good sized bedrooms, 1 full bath, in-unit laundry, a formal dining room, living room, and open-concept kitchen. The 1st Flr layout has a welcoming foyer that leads to a formal living room and dining room, both adorned with original hardwood floors and high ceilings that amplify the home’s classic charm. The units have been thoughtfully updated and the building has been maintained very well over the years, blending classic details with modern amenities. Each unit presents an excellent opportunity for rental income or could be utilized as an Airbnb for short-term or mid-term stays. Separate utilities include: one boiler, two hot water heaters, and individual electric panels. Additionally, there is a concrete parking pad with potential for garage construction. This is the perfect location, just a 15-minute commute to downtown via bus or train; a 7-minute drive, and very close to Lake Michigan. Schedule your private tour today!
Property Details
Price:
$550,000
MLS #:
MRD12365141
Status:
Active
Beds:
5
Baths:
3
Address:
523 E 41st Street
Type:
Multi Family
Neighborhood:
CHI – Grand Boulevard
City:
Chicago
Listed Date:
May 30, 2025
State:
IL
ZIP:
60653
Year Built:
1890
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick, Stone, Concrete
Roof
Flat
Financial
Tax Year
2023
Taxes
$5,927
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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523 E 41st Street
Chicago, IL
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