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$399,900

Est. payment - /mo

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8 Beds

5 Baths

Active Under Contract

2901 W Arthington ST Chicago, IL 60612

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12296266

Bedrooms 8

Year Built 1907

Annual Tax Amount $4,953

Tax Year 2022

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

Legal 3-unit (8 bed, 3.1 bath) with additional framed out basement for future added value. Great for an investor or a homeowner paying down their mortgage with rental income. Love the charm of East Garfield Park with this captivating, extra-long brick 3-flat nestled on a corner lot. Boasting versatility for both investors and homeowners, this property presents an exceptional opportunity in a burgeoning neighborhood. The second floor, an ideal owner's retreat, spans the entire length of the building, offering 4 beds & 1.5 baths. The first floor is ingeniously divided into two legal units, each featuring 2 beds & 1 bath, with front & side access for added convenience. Unlock the full potential of the expansive basement, already framed and plumbed for a bathroom, providing an additional 1,900 sqft of space. With front and rear exits, envision the possibility of creating a 4th unit or a duplex down for each of the 1st floor units. Adding to the allure, a detached 2-car brick garage ensures hassle-free off-street parking. Recent exterior enhancements include full tuckpointing and restoration of the brickwork, while newer windows installed within the last decade enhance energy efficiency and aesthetic appeal. Though requiring some tender care to restore its original splendor, the architectural beauty of this property shines through. Situated on a serene block with proximity to I-290 and adjacent to an Elementary & High School, it offers seamless access to downtown Chicago, the Medical District, and Rush Hospital. Convenience is key with local amenities including stores, public transportation, restaurants, supermarkets, and parks mere moments away. Zoned RT-4, this property brims with potential to become a lucrative investment. Don't miss out on this golden opportunity to make your mark in East Garfield Park! What will stay with the sale: 2 stoves, 2 fridges, 2 hot water heaters, 1 boiler. No A/C units will be transferred to next owner.

Location

State IL

County Cook

Area Chi - East Garfield Park

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Radiator(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Building

Lot Description Corner Lot

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Edward Grochowiak • @properties Christie's International Real Estate

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Realty Executives Premier

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+1(219) 405-3647