Investment Overview
Rare value-add opportunity featuring a seven-unit brick apartment building with a spacious duplex coach house on an oversized lot. Its location along an alley allows for abundant natural light, while the property’s well-designed floor plans and numerous updates make it an attractive investment.
The classic Chicago red-brick front building features beautiful faux gas lanterns, an impressive grand entryway, and separate center and rear entrances serving the rear units. The apartments are in excellent condition, with functional layouts and numerous improvements throughout. Additional amenities include shared laundry on the main level and a large, unfinished attic with 12' height at the peak, offering potential for future duplex expansions or an additional unit, subject to zoning and municipal approval.
The updated coach house is configured as a spacious three-bedroom, two-bathroom duplex. It features an open-concept second floor, in-unit laundry, and numerous recent improvements.
With current rents well below market, the property offers meaningful income-growth potential. The oversized lot also includes one rear parking space, providing an additional convenience for residents.
Investment Highlights
- Large Brick 7-Unit Building
- Duplexed Coach House
- Oversized Lot on Alley (145' Deep)
- Parking Space in Rear
- Steps to Morgan, Halsted & 35th Street Retail Corridors
- Value-add Opportunity
- Numerous Updates