About this home
Incredible opportunity to own a unique and architecturally stunning asset in the heart of coveted Irving Park! Ideally situated on an extra-wide lot on a beautiful tree-lined street, this high-performing and completely turnkey 3-unit property has so much to offer. The curb appeal of the classic brick & limestone façade leads the way to an interior where you will find the perfect combination of carefully preserved vintage character, thoughtful updates, and functional living space. The main house, featuring a gorgeous oak staircase and original mosaic tile work, comprises two oversized 2-bedroom, 1-bathroom units and a large basement with laundry facilities and a full bathroom, awaiting your ideas. Both 2-bedroom units feature spacious living rooms with decorative fireplaces, gorgeous sunrooms that flood the space with natural light, separate dining rooms with built-in storage, generous bedrooms with deep closets, eat-in kitchens with pantries, high ceilings, hardwood floors, covered rear porches, and separate boilers and water heaters. The picturesque backyard boasts a lush garden and a beautiful courtyard with a stone patio that leads to the new (2021) coach-house and 2.5-car garage. This truly special and extremely eco-friendly build features a thoughtfully designed all-brick façade with custom, hand-carved solid doors and scarce solar panels on the roof that can be transferred with the home for an additional $15,000 (a $ 30,000+ investment, offering incredible energy savings). The 2-bedroom, 1-bathroom coach house unit features an in-unit Bosch washer/dryer, a separate office nook, numerous built-ins, hardwood floors, and energy-efficient mechanicals throughout, including a tankless water heater, heat pump, and mini-split A/C system. The full basement of the main house also offers a significant value-add opportunity, with good ceiling height throughout and a full bathroom with a shower already in place. Additional recent updates to the property include new thermal pane windows throughout (all but three), new support on the back porch (2021), cosmetic updates to the first-floor bathroom and kitchen, and a new second-floor furnace, stove, and refrigerator (2020-2023).
Friendly and rapidly appreciating neighborhood, conveniently located near parks, transit, expressways, and numerous excellent dining options – units here rent quickly and easily! Unit 1 is owner-occupied with the option to rent back at a market rate of $ 2,200 per month. Unit 2 is rented below market for $ 1,900 through June 2025 (market rate approximately $ 2,200). The coach house unit is rented below market for $ 1,500 through June 2025 (market rate approx. $ 1,700-$ 1,800). See “Additional Information” in the MLS for detailed financial information. The property is in excellent condition and has been very well maintained, but is being sold “as-is”. Buy & hold for an immediate and low-maintenance return on your investment, bring your creativity and take advantage of multiple value-add opportunities, or move into one unit while your tenants pay down the mortgage on your fabulous new home. The options for this one-of-a-kind property are truly endless!
25 hours on Redfin
Multi-family (2-4 unit)
Built in 1914
3,750 sq ft lot
2 garage spaces
2.5% buyer’s agent fee
Project Details
- Category: Real Estate
- Client: RCS
- Location: USA
- Year Of Complited: 2024
- Project Value: 789K
- Architect: RCS
