7419 S Coles Avenue Chicago IL 60649 MLS #MRD12292831

Phenomenal South Shore Multi-Family Gem – A Rare Find with Lake Views! An exceptional opportunity awaits in South Shore! This well-maintained, expansive 2-Flat exudes authentic charm and character, making it a perfect fit for an owner-occupant looking to build long-term equity or an investor seeking strong cash flow potential in one of Chicago’s most sought-after neighborhoods. Each of the two legal units boasts formal living and dining areas + a sitting area, generously sized bedrooms with high ceilings, and striking coffered ceilings in the primary bedrooms. Kitchens are spacious enough to accommodate an eatery, and each unit features a full-size bathroom. The partially finished basement, featuring 7+ ft ceiling height, front and rear entry access, and ample space, presents an opportunity for a third-unit build-out or a duplex-down expansion. Alternatively, the space can be converted for storage and coin laundry to add passive income. Recent upgrades include a newer fully fenced backyard, a newer garage with a freshly poured concrete parking slab, and a recently improved rear porch offering second-level lake views. This property offers tremendous built-in equity and high rental upside that can be realized with just the right amount of TLC! Fully renovated 2-unit comps appraise at $431,333+, while converting the basement into an additional unit or duplexing down the first-floor unit could push valuations to $661,750+! Renovated 2-bed units in the area rent for $1,900+ per month! The spacious unit layouts allows for dining rooms to be converted into additional bedrooms, further increasing rental income potential, 3-bed units can generate $2,300+ per month! Conveniently located steps away from the lake, parks, shopping, dining, public transit, and major expressways, this property sits near the soon-to-be-completed Obama Presidential Library and a wave of exciting South Shore developments, making it primed for massive appreciation. Property sold as-is. Schedule your showing today and secure your piece of South Shore’s future!