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$289,900   Price Analysis
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6926 S Michigan Ave
Chicago, IL 60637
5 bed 2 bath 1,616 SqFt ($179/SqFt)
3,975SqFt lot. Built 1903
Listed 2024-05-31, Taxes $2,212
Ⓧ USDA Ineligible
due to location

near Chicago

Explore the perfect blend of timeless elegance and modern functionality in this beautifully maintained 2-unit brick home

* Has Contingent Offer *

Held by the same meticulous owner for over two decades. This property showcases exceptional care and quality, presenting a compelling opportunity for both homeowners and investors. First-floor unit: 2 bedrooms, 1 bathroom Second-floor unit: 3 bedrooms, 1 bathroom Comfort and Efficiency: Each unit is equipped with its own furnace and water heater, ensuring efficient, individualized control of heating and water usage. Convenience: Both units feature in-unit laundry hook-ups, adding to the ease of daily living. Expansion Potential: Consider the possibility of transforming the garden space into a third unit, enhancing income potential. Dual Income Strategy: Ideal for those looking to occupy one unit while leasing the other, this property offers a smart approach to managing expenses and generating income.

Flexible Rental Options: Perfect for both short-term and long-term rental arrangements, providing various investment possibilities. Long-Term Quality: Two decades of diligent maintenance ensure the property's longevity and reliability. Architectural Charm Meets Modern Amenities: Enjoy the best of both worlds with classic design and contemporary features. Basement Improvements: Recent updates include newly poured concrete complete with drain tiles and a sump pump. Fresh Interiors: Contemporary carpeting in both units adds a fresh and inviting touch. Embrace the opportunity to own a unique property that marries historical charm with practical living solutions. Whether as a stable investment or a personal residence with versatile living options, this 2-unit gem stnds ready to meet your needs.


Presented by Jennifer Bell at
Fulton Grace Realty.


Property MLS #12071318 from MRED

Bedrooms: 5
Bedrooms Possible: 5

Total Rooms: 11
Basement Features: Full, Walkout
Basement Description: Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: Natural Gas

Lot Size Acres: 0.0912534
Lot Size Dimensions: 25X159
Lot Size Square Feet: 3975

Parking Features: Off Street
Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0

High School District: 299

Brownell Elementary School is a public elementary school located approximately 0.2 miles away.
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Deneen Elementary School is a public elementary and middle school located approximately 0.4 miles away.
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Chicago Sda Elementary School is a private elementary and middle school located approximately 0.1 miles away.
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YCCS-Progressive Leadership Acad is a public high school located approximately 0.5 miles away.
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Bedrooms in Unit-1: 2
Bedrooms 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 Square Feet: 808
Unit-2 Square Feet: 808

Annual Tax Amount: 2262.53
Source Listing Status: Active Under Contract
County: Cook
Directions: 71st or 67th east or west to Michigan, south or north to property address.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 20223130290000
Township: Hyde Park
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$6,000 + $5,000
$11,000
$2,212
2020$8,451 + $5,000
$13,451
$2,996
2019$10,286 + $5,000
$15,286
$3,071
2018$10,286 + $5,000
$15,286
$3,019
2017$12,749 + $4,400
$17,149
$3,691
2016$12,749 + $4,400
$17,149
$3,434
2015$12,749 + $4,400
$17,149
$3,142
2014$11,047 + $3,600
$14,647
$2,717
2013$11,047 + $3,600
$14,647
$2,663
2012$11,047 + $3,600
$14,647
$2,628
2011$14,015 + $4,800
$18,815
$3,048
2010$14,015 + $4,800
$18,815
$3,061
2009$14,015 + $4,800
$18,815
$2,933
2007$16,523 + $3,680
$20,203
$2,869
2006$16,523 + $3,680
$20,203
$2,900

Listed 2024-05-31
$289,900
MRED
Listing removed 2024-03-07
$279,900
MRED
Listed 2024-02-13
$279,900
MRED

Year Built: 1903
Foundation Details: Concrete Perimeter
Property Age: 121
Roof: Rubber

Sewer: Public Sewer
Water Source: Lake Michigan, 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.