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Ro Malik

ro@chicagohomes360.com +1(312) 208-1184

$ 1,274,900

Est. payment -/mo

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Active

1742 W School ST Chicago, IL 60657

5 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12642046

Bedrooms 5

Year Built 1891

Annual Tax Amount $16,640

Tax Year 2024

Lot Dimensions 25x125

Property Sub-Type Two to Four Units

Property Description

This is a rare opportunity to own a legal 3-unit building in the heart of Roscoe Village. Featuring a stately facade and impressive curb appeal, the property sits on a beautiful, tree-lined block in one of Chicago's most desirable neighborhoods-offering the perfect blend of stability and upside for investors or owner-occupants alike. Each unit offers a well-designed layout with in-unit washer and dryer, individual heating and cooling expenses, separate hot water tanks, and private outdoor space-highly desirable features that attract and retain quality tenants. The building is consistently easy to rent, with thoughtfully structured leases that include detailed riders and built-in rent increases. As leases turn over, there is additional opportunity to further enhance income, as they are currently rented below market value. Rents listed are estimated market values. Current rents are $2695 for unit 1, $2375 for unit 2 including parking, and $2790 for unit 3, plus $165/month for the additional parking spot. The property also includes a backyard and a 2-car garage. For those seeking an owner-occupied option, the unique two-level top-floor unit presents an exceptional opportunity to live comfortably while generating income below.

Location

State IL

County Cook

Area Chi - Lake View

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air, Steam

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Hamilton Elementary School

High Schools Lake View High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Laura Topp of Berkshire Hathaway HomeServices Chicago

Ro Malik

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+1(312) 208-1184

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Ro Malik

1742 W School ST Chicago, IL 60657

Key Details

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Rooms

Interior

Exterior

Building

Schools

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1742 W School ST