Chicago, IL, 60641
$588,800
5 Beds
3 Baths
0 SqFt
0.08 Acres
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$588,800
Chicago, IL, 60641
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ATTENTION INVESTORS & OWNER OCCUPANTS! Outstanding opportunity to acquire a classic Chicago brick two-flat with tremendous upside potential on a WONDERFUL BLOCK in the heart of fantastic Belmont Cragin. Offered for the first time in many years, this well-maintained property features two spacious 2-bedroom, 1-bath apartments plus an additional 1 bed, 1 bath garden unit, creating excellent income-producing potential. The 1st and 2nd floor units retain much of their original Chicago charm, including beautiful hardwood floors, decorative fireplaces with original mantel, and rich vintage woodwork. The building has been well cared for over the years, offering solid mechanicals and a strong foundation for future improvements and increased rental income. Additional features include a 2 CAR GARAGE, common LAUNDRY FACILITIES, basement storage space, and a PRIVATE BACKYARD for tenants to enjoy. The garden unit is currently vacant and current rents are SIGNIFICANTLY BELOW MARKET, creating a compelling VALUE ADD OPPORTUNITY for investors seeking future income growth. The month-to-month status of the tenants further enhance flexibility for future plans. With strong rental demand throughout the neighborhood, this property represents an exceptional OPPORTUNITY TO BUILD EQUITY AND MAXIMIZE RETURNS. Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this classic Chicago multi-unit offers character, cash flow, and SUBSTANTIAL UPSIDE in a super-desirable Northwest Side location right off of Milwaukee Ave! Owner and Broker make no representations or warranties regarding the legal status, zoning compliance, or code compliance of the garden unit.

Property Details

Price:
$588,800
MLS #:
MRD12676395
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
chiirvingpark
Listed Date:
Jun 23, 2026
Year Built:
1921
Chi – Irving ParkChiirvingpark

Schools

School District:
299

Interior

Heating
Natural Gas, Steam

Exterior

Construction Materials
Brick
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

Maintenance Fee
$913
Net Operating Income
$21,900
Tax Year
2024
Taxes
$9,878
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Jun 24, 2026
1,409
Multi Family Listed
80
Avg DOM
$530,930
Avg List Price

Community

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Property Summary

    Chicago IL is a Multi Family for sale in Chicago, IL, 60641. It is listed for $588,800 To schedule a showing of MLS#mrd12676395 at in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Chicago, IL