6926 S Michigan Avenue
Chicago, IL 60637

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $289,900

About this home

Explore the perfect blend of timeless elegance and modern functionality in this beautifully maintained 2-unit brick home, held by the same meticulous owner for over two decades. This property showcases exceptional care and quality, presenting a compelling opportunity for both homeowners and investors. First-floor unit: 2 bedrooms, 1 bathroom Second-floor unit: 3 bedrooms, 1 bathroom Comfort & Efficiency: Each unit is equipped with its own furnace and water heater, ensuring efficient, individualized control of heating and water usage. Convenience: Both units feature in-unit laundry hook-ups, adding to the ease of daily living. Expansion Potential: Consider the possibility of transforming the garden space into a third unit, enhancing income potential. Dual Income Strategy: Ideal for those looking to occupy one unit while leasing the other, this property offers a smart approach to managing expenses and generating income. Flexible Rental Options: Perfect for both short-term and long-term rental arrangements, providing various investment possibilities. Long-Term Quality: Two decades of diligent maintenance ensure the property's longevity and reliability. Architectural Charm Meets Modern Amenities: Enjoy the best of both worlds with classic design and contemporary features. Basement Improvements: Recent updates include newly poured concrete complete with drain tiles and a sump pump. Fresh Interiors: New carpeting in both units adds a fresh and inviting touch. Embrace the opportunity to own a unique property that marries historical charm with practical living solutions. Whether as a stable investment or a personal residence with versatile living options, this 2-unit gem stands ready to meet your needs.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1903
Parking Total 2
Exterior Building Type Brick
Foundation Concrete Perimeter
Parking Features Off Street
Garage On-Site Yes
Parking Space/s
Rehab Year 2015
Roof Type Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Greater Grand Crossing
Corporate Limits Chicago
Directions 71st or 67th east or west to Michigan, south or north to property address.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full ,Walkout
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 808
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 6
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 808
Property / Lot Details
Lot Dimensions 25X159
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

ElectricExpense 1436
Electric Expense Source Actual
Financing FHA
Fuel Expense $1,436
Fuel Expense Source Actual
Gross Rental Income $1,515
Insurance Expense $2,327
Insurance Expense Source Actual
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20223130290000
Special Assessments N
Taxes $2,263
Tax Exemptions None
Tax Year 2022
$289,900 Listing Price:
MLS # 12071318
Investment Profile Residential Income
Listing Market Time 84 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 05/31/2024
Year Built 1903
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...