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$ 624,900
Est. payment /mo
Active Under Contract
6032 S Michigan Avenue Chicago, IL 60637
7 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12269863
Bedrooms 7
Year Built 1963
Annual Tax Amount $8,253
Tax Year 2022
Lot Dimensions 0.184
Property Sub-Type Two to Four Units
Property Description
Looking for a great home with rental income or just a fantastic investment? Welcome to 6032 South Michigan Avenue, a unique, modern multi-unit nestled along a vibrant, classic Chicago Street. This expansive, 5,850 square feet, 2 unit building offers a harmonious blend of contemporary design and functional, open plan living spaces. This gut rehab still needs finishing touches throughout and basement needs to be finished. Enter the heavy, wooden, double front doors and up a flight of stairs to the lower unit which greets you with an open concept kitchen, dining and living space. This multi-purpose room has been updated with hardwood floors and all new floor to ceiling windows which flood the space with natural light during the day. After dark, abundant down lighting creates a bright, contemporary feel. The kitchen has been upgraded with all new stainless steel appliances, sleek cabinets, granite countertops and a cooktop island with an overhang perfect to accommodate kitchen stools. The spacious primary bedroom includes a walk-in closet and en suite, completely updated bathroom. Two other bedrooms, each with walk-in closets share a full, updated bathroom complete with steam shower. The upper unit has an identical floor plan as the lower level. This apartment includes an efficiency kitchen and den or office off the primary suite. Windows and both bathrooms have been updated. The ground level includes 3 unfinished rooms and a half bath which could be that could be fashioned into a separate, third unit or an additional office, bedroom, media room or storage space for the lower unit. Each unit has their own utilities. The ground level, built in garage can accommodate two vehicles and an additional two car garage is situated at the back of the 8,019 square foot lot. The outdoor spaces that surround the impeccably maintained brick exterior offers endless possibilities for outdoor entertainment. Located a few blocks from Washington Park and near multiple forms of public transit, either or both of these updated, spacious units will easily rent for market rate offering the homeowner or investor a high cap rate and impressive return on investment.
Location
State IL
County Cook
Rooms
Basement Partial
Interior
Heating Electric
Fireplace N
Exterior
Parking Features Attached, Detached
Garage Spaces 4.0
View Y/N true
Building
Water Lake Michigan
New Construction false
Schools
Elementary Schools Carter Elementary School
High Schools Phillips Academy High School
School District 299, 130, 299
Others
Ownership Fee Simple
Special Listing Condition In Foreclosure
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Listed by Baird Smart • Compass