2458 E 74th Place
Chicago, IL 60649

Status: Active Under Contract
Multi Family
12 beds
0 baths
0 sq.ft
Listing Price: $499,000

About this home

This multi-family property is calling your name! Nestled in the heart of the highly sought-after South Shore neighborhood, this impressive 3-unit building presents a rare and exciting opportunity for both investors and first-time home buyers alike. Comprising of two occupied units and one vacant unit, this property offers the perfect blend of immediate cash flow and potential for moving in the garden unit or additional income. Each spacious unit boasts an expansive layout featuring 4 bedrooms and 2 bathrooms, ensuring ample space for tenants or a growing family. The entire building has been upgraded with new HVAC systems, promising year-round comfort and efficiency. The garden unit stands out, having been completely rehabbed to feature modern finishes and fixtures, presenting an attractive option for renters or as a luxurious owner's unit. Located just moments from public transportation, shopping amenities, and the scenic Lake Shore Drive, this property not only offers convenience but also the lifestyle that the vibrant South Shore neighborhood is known for. Whether you're taking a short drive to the lakefront or enjoying the local cuisine and shopping options, this location does not disappoint. Don't miss your chance to schedule a showing today and explore the potential of this unique property.

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 27X132
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 16-20 Years
3 Bedroom Unit in Building Yes
Approx Year Built 2004
Parking Total 3
Exterior Building Type Brick,Frame
Exterior Property Features Balcony ,Deck
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Lake, Sidewalks, Street Lights, Street Paved
Area Major CHI - South Shore
Zoning Type MULTI
Corporate Limits Chicago
Directions 74th St West to Phillips East to 74 Place
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township South Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 12
Bedrooms Possible 12
Baths Count 6
Full Baths in Building Count 6
Total Rooms 21
Units
unit 1
Beds Total 4
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 2
Lease Expiration Date N/A
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 4
Baths Total 2
Actual Rent 1715
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 2
Lease Expiration Date N/A
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 4
Baths Total 2
Actual Rent 1460
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 2
Lease Expiration Date N/A
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 3

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21301160290000
Special Assessments N
Taxes $5,759
Tax Exemptions None
Tax Year 2022
$499,000 Listing Price:
MLS # 11988663
Investment Profile Residential Income
Listing Market Time 46 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 03/15/2024
Year Built 2004
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