View All Garfield Ridge Chicago IL Multi-Family Homes Listings

$425,000
5 Beds 3 Baths 12595057 MLS CLOSED Status
This meticulously maintained 5-bedroom, 2.5-bath brick bungalow is a standout turn-key investment or multi-generational home. Located in a prime Garfield Ridge pocket near Archer Avenue, this property underwent a comprehensive series of updates in 2018, blending its original architectural charm with fully modernized systems. The main residence is a Certified Chicago Bungalow that offers a spacious, two-level layout including 3 bedrooms and 1.5 baths. Preserved Detail: The main floor features beautifully restored original trim and gleaming hardwood floors that provide a warmth and character rare in modern construction. Modernized Kitchen: Updated in 2018 with a timeless design, featuring stainless steel appliances and a fantastic, original walk-in pantry, and substantial butcher block island. Upper Level Retreat: The second floor includes a massive bedroom, a half-bath, and a flexible bonus area ready to be finished and perfect for an office or nursery (or keep for storage). Unit 2: The English Garden Suite The lower-level unit is a bright, large one-bedroom suite that offers a modern, comfortable feel. 2018 Updates: Includes a gorgeous bathroom renovation, newer windows, and wall A/C units for tailored climate control. Income Potential: An ideal space for a high-quality rental or a private setup for extended family. Patio & Garage: The exterior living space was enhanced in 2018 with a newly poured concrete patio-a low-maintenance spot for summer dining-and a new two car garage! Solid Infrastructure: Both units have their own electric and heat (water is shared). Prime Location: You are minutes from Midway Airport and the Orange Line, with all the shopping and dining of Archer Avenue just a short stroll away. Whether you're looking for an owner-occupied investment or a classic Chicago home with every major update already handled, this Lockwood bungalow is ready for its next chapter.

5404 S Lockwood Avenue, Chicago

$568,000
6 Beds 5 Baths 12483647 MLS CLOSED Status
Multiple Offers Received - Please submit Highest and Best offers by October 20th 3PM...Rare opportunity to own a fully occupied, all-brick mixed use 3-unit building in the highly desirable Garfield Ridge neighborhood of Chicago. This well-maintained property features two spacious residential units on the 1st and 2nd floors, each offering 3 bedrooms, 1.5 baths, hardwood flooring, granite countertops, and updated finishes throughout. The ground level includes a commercial space currently operating as a salon with a full bath and attached office/kitchen, providing excellent income potential. Additional highlights include a coin-operated laundry, a private backyard with great condition concrete patio and walkways, a detached 2-car garage, and plenty of storage or space for grilling. Recent updates include a new roof, gutters, and soffits (2021), sump pump (2024), hot water boilers (2015), newer water heaters, radiant heat added in the ground unit (2022), and upgraded vinyl windows throughout. With reliable tenants, timely rent payments, and a prime location across from Bank of America, next to the Chicago Public Library, and within the sought-after Byrne and Kennedy School Districts, this property offers strong long-term value. Convenient CTA access and nearby shopping and dining make this an investment you won't want to miss...Selling "as is". Showing's by appointment only - Contact Listing Agent - Robert Lisak with any questions/appointments... Owner on vacation until October 20th - will not make a decision until then for any offer's... Cash, FHA, VA, Commercial, or DSCR loan's acceptable - any buyer's must have preapproval to submit offers...

6340 S Archer Avenue, Chicago

$585,000
7 Beds 4 Baths 12297603 MLS CLOSED Status
Discover the perfect investment opportunity in a highly sought-after neighborhood, just a short stroll from Midway Airport and conveniently located minutes from major expressways. This stunning 2-flat has been meticulously maintained and updated, making it a true gem. Imagine the possibilities with the second-floor unit, which is currently responsible for its heat and electricity, along with a related living unit in the basement that boasts two separate entrances. With updated electrical systems, you can move in with peace of mind. The top-of-the-line appliances are less than four years old, accompanied by modern countertops that elevate the aesthetic. Enjoy the warmth of radiant heat from both boilers, which have undergone thorough cleaning and servicing as of December 2024, including a newly installed gas valve for the first-floor unit. The property also includes convenient coin-operated laundry facilities and an impressive 2.5-car garage, equipped with electricity alongside generous storage in the rafters. This garage not only offers year-round utility but can also be rented out, adding another stream of income to your investment. Whether you're looking to supplement your income or fully embrace the potential of a rental property, this 2-flat presents an incredible opportunity. The first-floor unit mirrors the layout of the second, ensuring consistent appeal for potential renters. Plus, all electrical boxes and outlets have been meticulously replaced as of December 2024, ensuring everything is in prime condition. With central air conditioning in the owner's and window air conditioners in the other units, comfort is ensured all year round. Don't miss your chance to own this beautifully maintained and versatile property! The related living unit is in the basement with two entrances. Both boilers provide radiant heat and have been cleaned and serviced as of December 2024, with the first-floor boiler equipped with a new gas valve. The property also includes coin-operated laundry facilities. This unit can serve as an income supplement for you or can be utilized as a total income-building opportunity. Everything is in proper working order. Contract must state as is.

5325 W 53Rd Place, Chicago

$475,000
10 Beds 4 Baths 11978866 MLS CLOSED Status
GARFIELD PARK UNIQUE PROPERTY FOR A INVESTOR OR OWNER OCUPIED WITH 3 RENTAL UNITS TO LOWER THE MORTGAGE TO ALMOST NOTHING. THIS PROPERTY HAS 2 BUILDINGS WITH 4 LEGAL UNITS. 1 UNIT IS OWNER OCCUPIED AND HAS BEEN RENOVATED TO 90%. THE MAIN UNIT HAS 4 BEDROOMS 1 BATH WITHE THE 2ND FLOOR BATH ROUGHED IN READY TO BE FINISHED. KITCHEN WAS REMODELED A COUPLE YEARS AGO. THE BASEMENT UNIT IS ABOUT 80% RENOVATED 2 BEDROOM 1 BATH AND COULD BE FINISHED QUICKLY TO RENT OR RELATED LIVING. THE REAR BUILD HAS 2 UNITS WITH SEPARATE ENTRANCES THE UPSTAIRS UNIT IS 90% RENOVATED 2 BEDROOM 1 BATH UNIT AND COULD BE FINISHED QUICKLY TO RENT. THE LOWER UNIT IS ABOUT 50% RENOVATED 2 BEDROOM 1 BATH UNIT. WITH SOME CREATIVE SWEAT EQUITY THIS 4 UNIT IS A GREAT INVESTMENT ESTIMATES TO FINISH THE 4 UNITS ARE APPROX $70K AND AFTER REMODEL VALUE IS $700K - $750K. THE RENTAL ON THE 3 UNITS SHOULD BE APPROX 4K - 4.5K PER MONTH. ALLL 4 UNITS WOULD BE 7K- 7.5K. ALL UNITS HAVE SEPARATE ELECTRIC AND GAS METERS THE 2 REAR UNITS HAVE SEPARATE HOT WATERS THE FRONT BUILD SHARE THE HOT WATER HEATER IT COULD BE CHANGE TO SEPARATE. ALL WATER IS ON ONE BILL. ALL UNITS HAVE SEPARATE HEATERS NO A/C EXCEPT WINDOW UNITS. THE PROPERTY HAS BEEN OWNED BY THE SAME FAMILY FOR 40 YEARS AND DUE TO HEALTH CANNOT FINISH THE PROJECTS TO BRING THE UNITS BACK TO RENTABLE CONDITION, THE PROPERTY IS BEING SOLD AS-IS NO FHA OFFERS WILL BE CONSIDERED. CONVENTIONAL 203K OR CASH OFFERS. GREAT LOCATION CLOSE TO SHOPPING AND EXPRESSWAY GREAT RENTAL AREA.

5230 S Lockwood Avenue, Chicago

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Garfield Ridge, Chicago IL · Curated MLS Search

Multi-Family Homes in Garfield Ridge, Chicago IL

An editorially curated view of every active multi-family homes listing in Garfield Ridge, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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