View All Lakeview Chicago IL 4-Flats Listings

$1,500,000
8 Beds 4 Baths 12322152 MLS CLOSED Status
Welcome to this meticulously maintained full-brick legal 3-flat, which is just one block from top-rated Blaine Elementary and in the heart of Southport Coordidor! Steps from some of the city's best restaurants, shops, and nightlife. This architecturally significant three-story building features a beautiful brick facade, making it a standout in the Southport corridor neighborhood. A prime investment opportunity, this fully leased property has had zero vacancies under current ownership, offering immediate income potential. The top two floors each feature 2 bedrooms and 1 bathroom, while the first-floor duplex-down offers 4 bedrooms and 2 bathrooms with separate front and rear entrances on both levels, ideal for an in-law suite, nanny quarters, or additional rental income. Recent updates include new stainless steel appliances throughout, fresh paint in the first- and second-floor units (2023), new windows on both floors (2023), tuckpointing (2021), and a resealed and repainted roof (2022). Additional highlights include a built out deck perfect for entertaining, three parking spaces with potential for six tandem spots, separate utilities for each unit, and newer mechanicals for easy maintenance. Whether you're looking to live in one unit while generating rental income, lease all units long-term, or explore short-term rental opportunities like Airbnb, this is a rare chance to own a stunning income-generating property in one of Chicago's most desirable locations. With the Brown Line nearby, commuting downtown is effortless, while Wrigley Field is just a short stroll away for game days and concerts. So much more to see for yourself, get your private tour today!

3854 N Janssen Avenue, Chicago

$1,500,000
9 Beds 6 Baths 12188936 MLS CLOSED Status
Stunning Rehabbed Greystone 3-flat + tall basement on a quiet 1-way street steps from Wrigley Field & Halsted! Great investment or perfect for a live-in owner. Exceptional income and 2 of the 3 units have been tastefully rehabbed including 2 newer kitchens with modern, flat-panel & shaker-style cabinets, granite countertops & stainless-steel appliances, and newer baths. ALL 3 UNITS HAVE 3 BEDROOMS, IN-UNIT LAUNDRY, GFA w/ CENTRAL-AIR CONDITIONING & 2 BATHROOMS, Large formal living room & dining rooms with Hardwood Floors throughout. All New Windows in 2011, newer Mechanicals (newer plumbing supply, some new electric, etc) & more! VERY Tall Basement and GENEROUS RM-5 ZONING (FAR = FLOOR AREA RATION OF 2.0) will allow for further income by expanding up (for a large duplex-up apartment) and/or down into the tall basement for a 4th, legal apartment OR combine with the first-floor unit to create a very large duplex-down unit! A unique side & back alley allows for 4 full exterior parking spots (with room to expand for a 5th parking spot) all 4 are currently rented through Spot-Hero with an outstanding annual income of $23K! (each spot averages $479 per month per spot). Excellent location with a short walk to Wrigley Field and steps from all the Wrigleyville & Lakeview amenities on Halsted & Clark including great area restaurants, coffeehouses, shopping, nightlife, parks, lakefront, EL stop, schools & more! - Top Floor/UNIT #3; 3-bed/1.5-bath (can easily add a shower for 2nd full bath) - lease exp 7/31/25 @ $2,990 per month...UNIT #2; 2-bed/2-bath and was just rented @ $3,200 per month ...UNIT #1; 3-bed/2-bath (lease exp 7/31/25 @ $2,670 per month). 4 gas meters and 4 electric panels. ***EXCELLENT TOTAL ANNUAL INCOME of $129,320 minus - $31,354 in total expenses = $97,966 (NOI) TOTAL ANNUAL NET OPERATING INCOME for a Solid 6.1% CAP rate.***Also, investing an additional $120K in creating a legal 4th garden unit which is allowed under the current R5 zoning (existing ceiling height is very tall @ 7'-8") & 5th parking spot brings the CAP rate up to 8%!!

814 W Newport Avenue, Chicago

$2,150,000
7 Beds 4 Baths 11997193 MLS CLOSED Status
Definitely unique and incredibly well-maintained large property on a 50' X 176' lot in the heart of highly desirable Wrigleyville area of Lakeview. Land alone is valued over 2 million dollars and there is a large majestic red brick 4 flat plus a lovely 2 story coach house included! All large apartments have been updated within the last 5-8 years with the exception of first floor. Tenant has been there for 20 years and even that unit shows very well. All units (nearly condo quality) have updated cabinet kitchens, tiled baths, beautiful hardwood floors, classic hardwood trim, built-in China hutches and more. Each unit has its own separate HVAC system. Electric mains in basement and each of the units have the circuit panel within the apartment. Newer windows too. Large 50 X 176 lot offers a fantastic private yard for the building and the lovely 2 story coach house. This residence has a spacious living room with functional fireplace, dining area very nice kitchen and half bath on first floor. Upstairs are 3 good size bedrooms with a larger master a full bath and a big open sitting area. The house has its own laundry and an attached 1 car garage. Rents are as follows: Garden $1295. 1st $1795. 2nd $2475. 3rd $2200. and coach house $3400. Total $11,165 a month plus laundry is $134,750 a year with definitely room for increases. Simply put this is a gorgeous one-of-a-kind property waiting for the new owner or possible development opportunity. City zoning certificate states 4 units - recognizes the coach house as one of the units but even though garden apartment fits all criteria and is rented, seller makes no representation as a legal apartment. Any questions, concerns or offers text or call Norbert Mika Offer accepted pending paperwork .

3925 N Janssen Avenue, Chicago

$835,000
7 Beds 4 Baths 11964216 MLS CLOSED Status
Fantastic investment opportunity in one of Chicago's best areas! Nestled in the coveted Blaine school district, this is a fantastic opportunity for either a great investment opportunity or to get the space that you and your family need without breaking the bank. This 3-story 2- flat on a quiet, tree-lined street is comprised of two huge units, a 4 bed/3 bath duplex up and a 3 bed/1 bath, that are fully move-in ready and a breeze to rent! The duplex up has a massive open floor plan that provides as much square footage as many single-family homes. The main floor is perfect for entertaining, with its large expansive spaces and soaring 10-foot ceilings The current owners capitalized on the unfinished attic space by adding an additional 3 bedrooms, 2 baths, and side by side washer and dryer to the top floor. The bathrooms are finished out to a condo quality level, and all of the closets have custom California Closet organizing systems. They also did substantial updates to the first-floor unit, adding in-unit w/d, all new lighting, new door hardware, and refinishing the floors in a lovely espresso tone to give it a more modern feel. It wasn't all about the aesthetics, though. The entire building just received all new siding and window capping, there were structural reinforcements done during the expansion into the attic, and the front porch received an overhaul too. All of this, and you're just moments away from multiple train lines, some of Chicago's best new restaurants, and conveniently located near anything you may need!

3723 N Marshfield Avenue, Chicago

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Lakeview, Chicago IL · Curated MLS Search

4-Flats in Lakeview, Chicago IL

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

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