$289,900 Price Analysis 6926 S Michigan AveChicago, 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 |
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
Year | Assessments 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 |
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.