38
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Listed by Michael Scanlonof eXp Realty
$1,000,000
Est. payment /mo
9 Beds
4,356 Sqft Lot
Active Under Contract
2317 W Barry Avenue Chicago, IL 60618
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12626232
Bedrooms 9
Year Built 1888
Annual Tax Amount $17,090
Tax Year 2024
Lot Size 4,356 Sqft
Lot Dimensions 38X124
Property Sub-Type Two to Four Units
Property Description
An exceptional investment opportunity in the highly sought-after Roscoe Village / West Lake View location. Situated on an oversized 38 x 124 lot along tree-lined Barry Avenue, this property offers convenient access to grocery stores, dining, shopping, and public transit. This well-maintained three-flat has undergone significant recent improvements, including a gut renovation and dormer expansion of the top floor, adding a full bathroom and two additional bedrooms. The garden unit, currently in original condition, features 2 bedrooms and 1 bathroom and is leased MTM for $1,350/month to a long-term 10+ yr tenant, with strong upside potential to $2,400+ with updates. The second-floor unit, recently renovated, offers 3 bedrooms and 1 bathroom and is rented at $2,750/month. The top-floor owner's unit is configured as a spacious 4-bedroom + den, 2-bath duplex with an estimated rental potential of $4,000/month. Additional value-add opportunities include the potential to add a kitchenette to create a separate in-law suite on the upper level. A detached three-car garage, currently owner-occupied, presents further income potential of approximately $300-$400 per month, making this a rare opportunity to acquire a high-performing asset with immediate upside in one of Chicago's most desirable neighborhoods.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 3.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Frame
New Construction false
Schools
Elementary Schools Jahn Elementary School
Middle Schools Jahn Elementary School
High Schools Lake View High School
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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