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$ 375,000
Est. payment /mo
Open 3/23 1PM-2:30PM
7419 S Coles AVE Chicago, IL 60649
4 Beds
2 Baths
OPEN HOUSE
Sun Mar 23, 1:00pm - 2:30pm
Sun Mar 30, 1:00pm - 2:30pm
UPDATED:
03/11/2025 04:03 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12292831
Style Brownstone
Bedrooms 4
Year Built 1909
Annual Tax Amount $2,964
Tax Year 2023
Lot Dimensions 6,930
Property Sub-Type Two to Four Units
Property Description
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!
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Applegate • Straight-A Realty, LLC
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