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$ 375,000
Est. payment /mo
Active Under Contract
7419 S Coles Avenue Chicago, IL 60649
4 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 12292831
Style Brownstone
Bedrooms 4
Year Built 1909
Annual Tax Amount $2,964
Tax Year 2023
Lot Dimensions 6,930
Property Sub-Type Two to Four Units
Property Description
Phenomenal South Shore Multi-Family Gem - A Rare Find with Lake Views! An incredible opportunity awaits in South Shore with this well-maintained, expansive 2-flat, perfect for an owner-occupant looking to build long-term equity or an investor seeking strong cash flow in one of Chicago's most sought-after neighborhoods. Each legal unit features formal living and dining areas, a cozy sitting area, spacious bedrooms with high ceilings and striking coffered ceilings in the primary bedrooms, large kitchens with space for an eat-in area, and full-size bathrooms. The partially finished basement with 7+ ft ceiling height and front and rear entry access offers tremendous potential-convert it into a third unit, duplex down the first floor, or utilize it for storage and coin laundry to generate passive income. Recent upgrades include a brand-new back porch (2024) with second-level lake views, a newer fully fenced backyard, a newer garage with a freshly poured concrete parking slab, a roof replaced in 2017, and a brand-new boiler (2018) with a new hot water tank. Investment potential is massive, with fully renovated 2-unit comps appraising at $431,333+ and values reaching $661,750+ with a basement conversion, while 2-bed units rent for $1,900+/mo, and 3-bed layouts can generate $2,300+. Conveniently located steps from the lake, parks, shopping, dining, public transit, and major expressways, this property is also near the soon-to-be-completed Obama Presidential Library and South Shore developments, making it primed for future appreciation. Property sold as-is-schedule your showing today and secure your piece of South Shore's future!
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
View Y/N true
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Applegate • Straight-A Realty, LLC