View All Oakland Chicago IL Multi-Family Homes Listings

$639,900
5 Beds 3 Baths 12671795 MLS CLOSED Status
Rarely available Lake Park Avenue duplex! This property offers exceptional flexibility for owner-occupants, multigenerational living, or investors in a sought-after Bronzeville location near the lakefront and downtown. The property features a 3-bedroom, 1.5-bath owner's duplex and a private 2-bedroom, 1-bath garden unit with strong rental potential. The main duplex boasts hardwood floors throughout, a kitchen with stainless steel appliances, updated bathrooms, and a separate laundry room. The primary suite includes a private balcony with seasonal lake views and a walk-in closet with the potential to add a second full bath. Enjoy seamless indoor-outdoor living with an oversized patio deck and a large backyard. The potential for additional space, such as an office or studio, is found within the separate 2-bedroom, 1-bath garden unit, in-unit laundry. This unit features its own private entrances and offers this additional living space for the owner's use, related living, guests, or as a source of strong rental income. Outdoor space includes a landscaped side yard and patio area. The property is conveniently located near the lakefront, Oakwood Beach, Mandrake Park, public transportation, shopping, and nearby neighborhoods, including Hyde Park, Kenwood, and South Loop. Easy access to Lake Shore Drive, parks, bike trails, and downtown Chicago completes this opportunity to own a solid, well-cared-for property. The property is being sold as is, and the price reflects the garage requiring repair or replacement. The property has two addresses (3761-3763). The lower-level unit's most recent rental income (2022) was $1,900. Agent owned/interest.

3761 S Lake Park Avenue, Chicago

$680,000
4 Beds 3 Baths 12530301 MLS CLOSED Status
Live by the Lake, Earn by the Month! A Rare Find! Stunning, Beautiful, exceptionally renovated 2-unit Brownstone home in a gated community of the Historic North Kenwood/Bronzeville Neighborhood that's Income Producing! This home offers modern living at its finest. Walk into the first unit which is a 2-story home with Gorgeous Oak Hardwood floors, High ceilings, and perfectly placed recess lighting. Open style designer kitchen with Custom Quartz Countertops and Stainless-Steel Top of the Line Appliances. Enjoy quiet cozy evenings with a full fireplace and outdoor deck. The primary bedroom allows for great comfort in a King Size Bed and an en-suite with double access. The perfect packaged, totally renovated garden apartment, with a beautiful designer kitchen, stainless steel appliances and washer and dryer hook up, giving the homeowner the perfect opportunity to generate income and cash flow. This home comes with an Agricultural Gift offering a great platform for Gardening Enthusiast with its growing Peachtree and Grape Vines. A 2 1/2 Car Garage completes this home! Conveniently located walking distance from Lake Michigan, Chicago's Oakwood beach, 5 minutes from downtown and University of Chicago. Enjoy easy access to scenic waterfront views, a fountain park directly across the street, and beautiful historic vintage homes. Located near public transportation, Lake Shore Drive and interstate 90/94. Minutes away from some of Chicago's most iconic attractions: Millennium Park and The Bean, McCormick Place, Soldier Field, The Shed Aquarium Guaranteed Rate Field (White Sox Stadium), The Arie Crown Theater and Dusable Museum. Live in one unit and rent the other. This magnificent Legal 2-unit home will not last! Schedule Your Private Showing Today!

4055 S Ellis Avenue, Chicago

$550,000
7 Beds 4 Baths 11993102 MLS CLOSED Status
In the heart of the storied Oakland community, nestled proudly overlooking the Boulevard, stands a majestic relic of the past, awaiting its renaissance. The ME Team brings you an exclusive insight into the magnificent Greystone at 4123 S Drexel Avenue, an architectural masterpiece waiting to be reborn. This three-unit Greystone, a testament to the grandeur of yesteryears, beckons investors, dreamers, and visionaries alike. With its stately gray stone facade casting an imposing silhouette against the skyline, this property is a timeless symbol of elegance and potential. What sets this property apart is not just its historical significance, but the myriad of opportunities it presents. In need of total rehabilitation, this blank canvas offers the chance to transform and revitalize, breathing new life into its 5260 square feet of living space. With four majestic fireplaces lending an air of opulence, and the possibility to duplex down, the potential for grandeur is limitless. Imagine the opportunity to offset your mortgage with the rental income from the other two units, or to craft a singular haven, a sprawling single-family mansion befitting of royalty. The choice is yours, limited only by the bounds of your imagination. Venturing below, discover an additional unit awaiting transformation in the lower level, offering even more potential for expansion or rental income. And with the property boasting both forced air and a boiler system, modern amenities can seamlessly meld with the historic charm, ensuring comfort and efficiency for generations to come. But perhaps the most compelling aspect of this property lies not just in its bricks and mortar, but in its enviable location. Oakland, a community steeped in history and culture, offers more than just a place to live - it offers the promise of generational wealth. In the equation of Location + Land, the sum is far greater than its parts, promising a legacy that transcends time.

4123 S Drexel Boulevard, Chicago

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Oakland, Chicago IL · Curated MLS Search

Multi-Family Homes in Oakland, Chicago IL

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

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