Prime Investment Opportunity - Legal 4-Unit with Strong Upside Potential! Investors and owner-occupants, take notice! This legal 4-unit property with a 6/3/2 unit mix offers significant value-add potential with below-market rents and ample opportunity to enhance the units for maximum rental income. The front building features three spacious units, each with 3 bedrooms, 2 baths, central air, and heat, while the rare 2-level, 3 bedroom, 2 bath coach house provides additional income or an ideal owner-occupied living space. With tenants covering their own utilities and on-site coin laundry for extra revenue, this property presents an investment opportunity with strong cash flow potential. Located just steps from Humboldt Park, this is a prime opportunity to renovate, reposition, and maximize returns. For owner-occupants, live in the coach house, enjoy a single-family home feel, and let rental income offset your mortgage. Seize this opportunity to invest in a high-demand rental market with strong value-add potential and room for growth!
Listing Courtesy of Midwest Real Estate Data / Coldwell Banker Realty / Lourdes Hernandez
$2,100 / mo
Chicago Area Rental Home
Active
1338 W Irving Park Road 1 Chicago, IL 60613
0 Bed
1 Baths
800 sqft
MLS# 12349247
Fresh Opportunity in Prime Lakeview/Wrigleyville Location! Looking for a flexible space to live, work, or launch your next venture? This unique unit offers the best of both worlds - ideal for creative studios, boutique businesses, wellness services, or simply a modern live/work lifestyle. Formerly a wellness spa, the space features an open layout ready to be tailored to your vision. Situated steps from the vibrant Southport Corridor and right across from the Post Office, visibility and convenience are unmatched. Plus, a brand-new 31-unit residential building is currently under construction just nearby - set to bring even more energy, foot traffic, and potential clients to the neighborhood. Daily exposure already includes nearly 30,000 vehicles at Irving Park and Clark, plus 12,000+ bus riders - offering your business serious visibility and name recognition. Easy access to both the Brown and Red Line CTA stations makes commuting a breeze for you and your visitors. Inside, you'll find a private bathroom, a handy kitchenette, and built-in CAT 5 Ethernet - perfect for seamless business operations or remote work. Dedicated parking is included - a rare bonus in this high-demand, high-traffic area. Whether you're dreaming of a live-in art studio, private office, boutique shop, or hybrid workspace, this Lakeview gem is ready for your next chapter.
Listing Courtesy of Midwest Real Estate Data / Coldwell Banker Realty / Lourdes Hernandez
$1,600 / mo
Chicago Area Rental Home
Active
4618 S Karlov Avenue 1 Chicago, IL 60632
2 Bed
1 Baths
1000 sqft
MLS# 12378632
Located in West Elsdon, this spacious and well-kept 2-bedroom plus den, 1-bath unit is situated in a quiet, family-occupied building near Midway Airport and the 55 Expressway. The apartment features hardwood floors throughout, stainless steel appliances (stove and refrigerator), and a bonus den that's perfect for a home office or extra storage. Heat is included in the rent; tenant pays cooking gas and electric. Please note, there is no laundry in the building, but the Blue Kangaroo laundromat is conveniently located just one minute away. Enjoy access to a shared yard and the comfort of a non-smoking environment. Sorry, no pets allowed-please do not ask. You'll love the convenience of nearby public transportation, shopping, and expressway access, making this a great place to call home.
Listing Courtesy of Midwest Real Estate Data / Coldwell Banker Realty / Lourdes Hernandez