3707 S MICHIGAN Avenue
Chicago, IL 60653

Status: Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $369,900
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About this home

DON'T MISS AN OPPORTUNITY TO PURCHASE A LEGAL 2-UNIT BUILDING WITH AN ADDITIONAL GARDEN UNIT IN A RED HOT AREA. EACH UPDATED UNIT IN THIS BUILDING IS RENTAL READY AND FEATURES 3 BEDROOMS AND 1 FULL BATH. LOTS OF RECENT EXTERIOR / INTERIOR IMPROVEMENTS. THE GARDEN UNIT CAN BE USED TO RENT OUT FOR ADDITIONAL INCOME OR USED FOR IN-LAW LIVING AS WELL. SEPARATE UTILITIES INCLUDING 2 CENTRAL AC UNITS EACH FOR 1ST AND 2ND FLOOR UNITS. INVESTMENT RETURN ON ILLINOIS INSTITUTE OF TECHNOLOGY STUDENT APARTMENTS IS EXTREMELY HIGH! IT'S ALSO A LUCRATIVE BUSINESS OPPORTUNITY FOR AIRBNB. PROPERTY IS CLOSE TO THE RED LINE AND GREEN LINE, GUARANTEED RATE FIELD - CHICAGO WHITE SOX, SOLDIER FIELD - CHICAGO BEARS, MCCORMICK PLACE, SHEDD AQUARIUM, ADLER PLANETARIUM, CHINATOWN, AND ALL MAJOR BEACHES. LOW REAL ESTATE TAXES.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 71-80 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1948
Exterior Building Type Brick
Exterior Property Features Porch
Parking None
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Douglas
Zoning Type MULTI
Corporate Limits Chicago
Directions CORNER OF MICHIGAN AVENUE AND EAST 37TH STREET.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township South Chicago
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 3
Full Baths in Building Count 3
Total Rooms 12
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 1
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 1
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions 46X48
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 17343150070000
Special Assessments N
Taxes $3,950
Tax Exemptions None
Tax Year 2022
$369,900 Listing Price:
MLS # 12004132
Investment Profile Residential Income
Listing Market Time 51 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking None
List Date 03/14/2024
Year Built 1948
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