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$889,000
8 Beds 4 Baths 12457650 MLS CLOSED Status
Turn-Key, Fully Leased Multi-Unit Investment in Prime Edgewater | $87,600 Annual Income Exceptional opportunity to own a fully tenant-occupied, cash-flowing property in the highly sought-after Edgewater neighborhood. This unique setup features a classic all-brick 2-flat in the front and a legal, detached coach house in the rear-perfectly suited for both seasoned investors and 1031 exchange buyers seeking strong, stable returns. Further possibilities include living in one spacious unit and renting out the others to help balance your mortgage or generate steady monthly income. The front 2-flat offers two beautifully updated 2 bed / 1 bath units, each with refinished hardwood floors throughout, renovated kitchens and baths, central heat and air, and private rear decks ideal for outdoor enjoyment. The second-floor unit also features a second front balcony, perfect for morning coffee or evening relaxation. The common hallway stairs have been updated with newer carpeting, and the first-floor unit offers potential to be duplexed down into the full-footprint basement-opening the door to even more living space or future value-add opportunity. Tenants share laundry facilities in the clean, dry basement. The detached coach house functions as a standalone single-family residence with 4 bedrooms + a flex space and 2 full bathrooms. The kitchen was fully gutted and upgraded, and work throughout the home includes a new back door, new staircase, and a large entry closet. New flooring has been installed in the kitchen, rear bedroom, bathroom, and hallway on the first floor, while the basement now features a newly created full bathroom, a bedroom, private laundry, and ample storage. Modern conveniences include central HVAC and 1 exterior parking space. The coach house also enjoys a small, privately fenced-in yard-ideal for personal outdoor space or a pet area. All units share access to a large, fully fenced-in common backyard oasis, complete with a vegetable garden and a cozy fire pit, offering the perfect outdoor communal retreat. Recent capital improvements include: * Full replacement of sewer line (installed post-purchase) * Extensive interior and exterior painting * New landscaping/sod in front yard * New fence and gate on side of 2-flat * Professional tuckpointing of the brick 2-flat * All electrical service upgraded * Newer aluminum siding on coach house. Tenants are individually responsible for gas, electric, cable, and internet. The landlord covers water and trash only. Located on a quiet, tree-lined street just an 8-minute walk to the new Peterson Metra station. Quick and easy access to Andersonville, Whole Foods, and Chicago's beautiful lakefront. This property is a solid performer with minimal maintenance required thanks to the thoughtful and extensive recent updates. A truly turn-key, low-maintenance asset in one of Chicago's strongest rental markets-ideal for investors or owner-occupants alike.

6129 N Hermitage Avenue, Chicago

$799,000
6 Beds 4 Baths 12371418 MLS CLOSED Status
Incredible opportunity for a savvy buyer. This well maintained 2-flat can be a turnkey investment. Or this building could be an amazing alternative in the super competitive single-family home market. Current total monthly income of $5,750/month and a 7% cap rate. BUY IT NOW, EARN INCOME AND MOVE IN NEXT YEAR. Unit #2 is a beautifully remodeled top floor duplex that features 4 bedrooms, 2 full bathrooms ($4000/month). It's an owner's unit that truly lives like a SINGLE FAMILY HOME. The central staircase entering the unit opens to an expansive and bright living and dining room. This huge open concept living space with custom wood molding offers both flow and flexibility with plenty of room for a separate dining area, family room, office or reading nook. The first floor hallway leads to a full bathroom across from the 4th bedroom, which can easily double as a home office. The large eat-in kitchen has plenty of counter space and has been tastefully remodeled. The laundry room private to unit 2 also has plenty of storage. The second floor features three bedrooms and a full bathroom with custom cabinetry. The unit was renovated in 2013 to have modern functionality while maintaining its original charm. Unit #1 is a duplex down ($1750/month) with long-term tenants that features 2 bedrooms and 2 bathrooms. The unit entrance opens into a large living/family room. The primary bedroom is across from the first full bathroom. At the rear of the unit is a large eat-in kitchen. The lower level is a sprawling family room that the current tenants use as another bedroom with a full ensuite bathroom. TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Each unit has their own laundry room. Lots of storage! CENTRAL AC/HEAT for both units. 2-car garage. Owner has taken excellent care of the property. Both units are leased through August 2026. See additional details for projections of cash flows. With 20%+ down payment, the building will have immediate POSITIVE CASH FLOW. Buy now, earn a return, move in 2026. The location is fantastic. Close to the new Metra Station, 22 bus, CTA Red line. A fifteen minute walk down to ANDERSONVILLE and a fifteen minute walk to the lake. Cozy Corner, Devon Market, Sauce and Bread Kitchen and tons of other charming neighborhood spots are right outside your door. Welcome home!

1541 W Highland Avenue, Chicago

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Edgewater, Chicago IL · Curated MLS Search

4-Flats in Edgewater, Chicago IL

An editorially curated view of every active 4-flats listing in Edgewater, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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