$275,000 Price Analysis    ♡   Chicago, IL 60632 5 bed 2 bath unknown SqFt ($0/SqFt) Built 1890 Listed 2024-04-16, Taxes $2,129 | Ⓧ USDA Ineligible due to location near Chicago |
Welcome to this fantastic legal 2-flat located in the vibrant Gage Park neighborhood of Chicago.
* Has Contingent Offer *This property presents an excellent opportunity for both investors and homeowners looking for an income-generating property or a multi-generational living setup. Situated on a well-maintained street, this property boasts a newer roof as of 2021, providing peace of mind and long-term durability. Additionally, a new garage as of March 2022, offering secure parking and storage space for both units. One of the highlights of this property is the low property taxes, which makes it even more attractive for potential buyers. Enjoy the benefits of affordable ownership while taking advantage of the income potential from renting out the second unit.
The second unit in this 2-flat duplexes to the attic, creating a big and versatile living area. This layout allows for additional bedrooms, a home office or a recreational space, providing flexibility for different needs and preferences. The property is ready to welcome new occupants. Enjoy the convenience of nearby schools, parks, shops and rstaurants. With easy access to public transportation and major highways, commuting to other parts of Chicago is a breeze. Whether you're an investor seeking a profitable rental property or a homeowner looking for an income-generating home, this legal 2-flat in Gage Park is a remarkable opportunity. Schedule a showing today and explore the potential this property has to offer. SOLD BEFORE PRINT
Presented by Clarissa Vega at
RE MAX In the Village.
Property MLS #12030426 from MRED
Bedrooms Possible: 5
Basement Features: Partial
Basement Description: Unfinished
Full Bathrooms: 2
Garage Description: Detached
Garage Features: Transmitter(s)
Parking Total: 2
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsBedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 6
Unit 1 Total Actual Rent: 1100
Unit 2 Total Actual Rent: 1100
Source Listing Status: Active Under Contract
County: Cook
Directions: Take 55th St to Campbell Ave, S to property
Tax Year: 2021
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 19124050290000
Township: Lake
Property Subtype: Two to Four Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $9,944 + $2,656 $12,600 | $2,129 |
| 2019 | $11,996 + $2,656 $14,652 | $2,269 |
| 2018 | $11,996 + $2,656 $14,652 | $2,230 |
| 2017 | $12,930 + $2,343 $15,273 | $2,578 |
| 2016 | $13,909 + $2,343 $16,252 | $2,773 |
| 2015 | $13,909 + $2,343 $16,252 | $2,515 |
| 2014 | $12,087 + $2,187 $14,274 | $2,188 |
| 2013 | $12,087 + $2,187 $14,274 | $2,134 |
| 2012 | $12,087 + $2,187 $14,274 | $2,130 |
| 2011 | $16,242 + $2,812 $19,054 | $2,779 |
| 2010 | $16,242 + $2,812 $19,054 | $2,535 |
| 2009 | $16,242 + $2,812 $19,054 | $2,224 |
| 2007 | $22,276 + $3,749 $26,025 | $2,417 |
| 2006 | $22,276 + $3,749 $26,025 | $3,767 |
$275,000
MRED
Listing removed 2024-03-13
$279,999
MRED
Listed 2023-10-09
$279,999
MRED
Listing removed 2023-08-11
$285,000
MRED
Listed 2023-06-26
$285,000
MRED
Sold 2022-10-21
$239,000
MRED
Listed 2022-07-30
$239,900
MRED
Listing removed 2022-07-21
$249,900
MRED
Price Changed 2022-06-29
$249,900
MRED
Listed 2022-05-22
$259,900
MRED
Listing removed 2022-05-22
$264,900
MRED
Listing removed 2022-03-29
$279,900
MRED
Price Changed 2022-02-19
$264,900
MRED
Listing removed 2022-02-03
$279,900
MRED
Listed 2022-02-03
$269,900
MRED
Listed 2022-01-17
$279,900
MRED
Sold 2021-11-16
$185,000
MRED
Sold 2015-09-15
$70,000
MRED
Listed 2015-06-12
$74,900
MRED
Sold 1993-09-02
$82,000
Public Record
Property Age: 134
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.