$550,000

Multi Unit Chicago United States

  • 15 Beds
  • 6 Baths
  • Updated: September 11
  • MLS#12536148

About the Property

Exceptional investment opportunity featuring a classic Chicago Greystone 2-flat on a corner lot, offering a total of 15 bedrooms and 6 bathrooms with strong cash flow and long-term upside. The property is located in a prime area just minutes from public transportation, train, I-290, the United Center, the Illinois Medical District, and UIC. The 1st floor unit features 5 bedrooms and 2 bathrooms an
Exceptional investment opportunity featuring a classic Chicago Greystone 2-flat on a corner lot, offering a total of 15 bedrooms and 6 bathrooms with strong cash flow and long-term upside. The property is located in a prime area just minutes from public transportation, train, I-290, the United Center, the Illinois Medical District, and UIC. The 1st floor unit features 5 bedrooms and 2 bathrooms and is currently rented month-to-month at $2,200. The 2nd floor unit offers 6 bedrooms and 2 bathrooms, includes in-unit laundry, and is rented month-to-month at $3,070. The garden level features an in-law setup with a separate entrance and laundry room, offering 4 bedrooms and 2 bathrooms and generating $2,400 per month. The 1st floor shares a furnace with the garden level, while the 2nd floor has a separate furnace. The building was gut rehabbed around 2017 with permits, including all new installations: drywall, PVC and copper plumbing, and rigid electrical. Recent capital improvements include a brand-new rubber roof with 2-inch insulation (2025) and all brickwork completed in 2025. A well-maintained, high-income property with flexible month-to-month leases, strong fundamentals, and excellent proximity to major employment and transit hubs - ideal for investors seeking solid returns and value stability. RM-5 zoning.
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3900 W Jackson Boulevard, Chicago, Illinois, United States View on Google Maps
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@properties Christie's International Real Estate - Park Ridge
@properties Christie's International Real Estate - Park Ridge
741 Devon Avenue, 60068, Park Ridge, Illinois, United States
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@properties Christie’s International Real Estate’s Park Ridge South office has proudly served the Park Ridge com

@properties Christie’s International Real Estate’s Park Ridge South office has proudly served the Park Ridge community for more than 20 years.  



Nestled in a neighborhood known for its tree-lined streets, historic homes, and strong sense of community, the office is an environment where both clients and agents feel supported, valued, and connected.  



With a company culture built on kindness and collaboration, Park Ridge South ensures every transaction is handled with care and expertise. 



Visit our Park Ridge neighborhood guide to learn more. 

Last updated
September 11
First listed
Sep 11
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Listing reference
MRED12536148
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