This well-maintained brick multifamily property presents a compelling investment opportunity with both strong in-place income and significant upside potential. The asset is currently configured as a 6-unit building with a 7th non-conforming unit (4R), which is presently duplexed into the 3rd-floor rear unit (3R), creating an expansive 4-bedroom, 2-bath residence. The remaining units offer a desirable unit mix, with two units already renovated, allowing investors to immediately benefit from increased rents while continuing to execute a value-add strategy across the balance of the property. Additional features include a 2-car garage, basement storage, and common laundry, further enhancing tenant appeal and operational efficiency. Located just steps from the CTA Pink Line, the property offers excellent accessibility and strong rental demand driven by proximity to public transit and surrounding neighborhood amenities. Ownership has secured approvals to expand the property to a total of 9 units, including the addition of two affordable units, providing a clear path to increased density and long-term value creation. With the ability to further renovate units and capitalize on the approved expansion, this offering represents an attractive opportunity for investors seeking both stabilized cash flow and meaningful upside in a transit-oriented location.

Listing Courtesy of MRED as distributed by MLS Grid of Sperry Van Ness



Based on information submitted to the MLS GRID as of 2026-04-26 04:42 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-04-26 04:42 PM UTC
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