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Listed by Joseph Kotochof Compass
-
Est. payment /mo
New
1707 N WASHTENAW AVE Chicago, IL 60647
8 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12696979
Bedrooms 8
Year Built 1890
Annual Tax Amount $12,103
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Well-located legal 3-flat with four (4) 2BR/1BA units plus a separately leased private garage, offering immediate income with strong long-term upside. Situated just one block from The 606 and a short walk to the CTA Western Blue Line, with easy access to I-90/94-this is a highly desirable rental corridor with consistent tenant demand. All units feature functional, spacious layouts and are well-positioned for rent growth through light cosmetic updates. Rents are currently below market, presenting a clear value-add opportunity for investors seeking to increase cash flow. The property includes an upgraded, expansive, light-filled owner's unit, ideal for an owner-occupant or premium rental. Additional income is generated from a privately leased garage at above-market rent, further enhancing overall returns. Excellent opportunity to acquire a stable asset in a prime West Town/Logan Square adjacent location with both in-place income and future upside.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Other
Water Public
Structure Type Frame
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
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