7419 S Coles Avenue, Chicago, Illinois 60649
- $395,000
- 4
- BD
- 2
- BA
- Sold Price
- $395,000
- List Price
- $375,000
- Closing Date
- Jul 21, 2025
- MLS#
- 12292831
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 4
- Bathrooms
- 2
- County
- Cook
- City
- Chicago
- Neighborhood
- South Shore
- Days On Market
- 21
Property Description
Phenomenal South Shore Multi-Family Gem - A Rare Find with Lake Views! An incredible opportunity awaits in South Shore with this well-maintained, expansive 2-flat, perfect for an owner-occupant looking to build long-term equity or an investor seeking strong cash flow in one of Chicago's most sought-after neighborhoods. Each legal unit features formal living and dining areas, a cozy sitting area, spacious bedrooms with high ceilings and striking coffered ceilings in the primary bedrooms, large kitchens with space for an eat-in area, and full-size bathrooms. The partially finished basement with 7+ ft ceiling height and front and rear entry access offers tremendous potential-convert it into a third unit, duplex down the first floor, or utilize it for storage and coin laundry to generate passive income. Recent upgrades include a brand-new back porch (2024) with second-level lake views, a newer fully fenced backyard, a newer garage with a freshly poured concrete parking slab, a roof replaced in 2017, and a brand-new boiler (2018) with a new hot water tank. Investment potential is massive, with fully renovated 2-unit comps appraising at $431,333+ and values reaching $661,750+ with a basement conversion, while 2-bed units rent for $1,900+/mo, and 3-bed layouts can generate $2,300+. Conveniently located steps from the lake, parks, shopping, dining, public transit, and major expressways, this property is also near the soon-to-be-completed Obama Presidential Library and South Shore developments, making it primed for future appreciation. Property sold as-is-schedule your showing today and secure your piece of South Shore's future!
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Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Amount
- $2,964
- Year Built
- 1909
- Lot Dimensions
- 6,930
- Lot Size Range
- Less Than .25 Acre
- Units
- 2
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- On Site, Garage Owned, Detached, Garage
- Heating
- Natural Gas
- Sewer
- Public Sewer
- Basement
- Yes
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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid
Selling Office: Straight-A Realty, LLC.
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