Prime Investment Opportunity in Ravenswood Manor! Discover the incredible rental income potential of this spacious brick 2-flat. This property is ideally located in the highly coveted Ravenswood Manor neighborhood and the top-rated Waters School District. Whether you're an investor seeking to leverage the robust rental market or a homeowner looking for extra income, this property offers unmatched versatility. Just steps from Horner Park and the Chicago River Walk, this well-maintained property features two expansive units. Both units boast 2 bedrooms plus a front sunroom, rear office/studio area, large formal dining room, and a full bath. The first-floor unit also features a custom gas heat-producing fireplace with new tile and built-ins, which adds both functionality and charm. The second-floor unit features exposed brick and a way cool retro 60's kitchen. The lower-level is perfect for family and out of town guests! The building's unique character is highlighted by its beautiful green Spanish-tiled roof. Built-in 1916, this property is also eligible for Ravenswood Manor Historical Status, adding potential historical significance and future value. Recent improvements include; 2022-Rebuilt north and south parapet walls, replaced roof flashing, resealed roof, and completed tuckpointing. 2020-Replaced all sidewalk and walkway concrete for enhanced curb appeal. 2019-Installed new electricity to the garage. 2022-Updated the first-floor kitchen with new cabinets, countertops, and stainless steel appliances. 2020-Renovated the basement in-law apartment to include one bedroom, a full bath, and a complete kitchen with new cabinets, countertops, and stainless appliances. 2019: Remodeled the first-floor bath. The lower-level in-law This is an excellent location near award-winning restaurants & shops, Horner Park, the Chicago River Walk, and Lincoln Square. And just a quick walk to the adorable Rockwell EL stop. This is the perfect opportunity to secure a solid income-generating property in one of Chicago's most desirable neighborhoods!
Based on information submitted to the MLS GRID as of 10/22/2024 05:36 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
