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$ 1,225,000
Est. payment | /mo
8 Beds
$ 1,225,000
Est. payment | /mo
8 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12369464
Bedrooms 8
Annual Tax Amount $14,663
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Fantastic, fully leased 3-Flat tucked away on charming Marshfield Street in the heart of Lincoln Park - live in or invest! A complete curb appeal upgrade with a fully rebuilt front porch, metal fence, new gate, all new concrete retaining wall and refreshed exterior lighting + landscaping. This turn-key property features three thoughtfully updated units generating strong rental income with room for growth and low operating expenses. Each unit includes modern kitchens, hardwood floors, in-unit laundry, and central air for today's lifestyle. The top-floor unit shines with 3 bedrooms, 2 full baths, and a versatile additional space-perfect for a home office or second living area. The first-floor unit offers a spacious 3 bed/1 bath layout, while the second floor features a bright and comfortable 2 bed/1 bath. Gas and electric are separately metered, giving added flexibility for owners and tenants alike. Outside, enjoy a private, fenced-in backyard-a rare luxury in the city-ideal for relaxing, entertaining, or gardening. The detached two-car garage with alley access provides valuable storage and everyday convenience. Situated in the highly desirable Lincoln Park School District, with access to top-rated Prescott Elementary and Lincoln Park High School. Whether you're looking to house-hack or add a high-performing multi-unit to your portfolio, this place checks all the boxes. Rental income has increased year-over-year, with the most recent adjustments already in place, positioning this asset for continued appreciation and reliable cash flow. Enjoy unbeatable access to the Brown and Red Lines, Clybourn Metra, I-90/94, and the countless parks, shops, restaurants, and nightlife that define Lincoln Park living.
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Prescott Elementary School
Middle Schools Prescott Elementary School
High Schools Lincoln Park High School
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/d517b4cd-b3c5-4a8d-aa64-139f7e051715/?utm_source=captureapp
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Listed by Elizabeth Lothamer • Compass