Multi-Family Home For Sale
$949,999
2019 N Spaulding Avenue
Chicago, Illinois, United States
9bd 4ba
Listed By: Listanza Services Group
Listed On: 06/09/2023
Listing ID: GL5331293 View More Details
Description
A rarely available gem of a property- (Legal) brick 3 flat on an oversized lot in highly saught after booming Logan Square neighborhood, which is a tremendous location close to blue line train, the highway and plenty of amenities like shops, restaurants, and nightlife. Perfect for an owner occupant seeking to combine units and offset debt service with rental income OR an armchair investor looking for their next property, or even a developer looking to convert to condos. Property is on a curb cut to the south, which allows for more natural light and distance from neighbors. As the building has been in the family for several decades, it has been maintained meticulously, yet owners were still careful to preserve the charming vintage features from the original woodwork to the hardware and much more. Units features large and spacious floor plans, oak and maple floors throughout, high ceilings and the potential to do a bit of updating so as to strike the perfect balance between vintage and modern - a very appealing trend. 2.5 Car detached garage in the rear for added parking or creative use which has its own breaker box. Roof is rubber bitmozed and was a complete tear off 6 years ago. Windows are original. Tuckpointing was done 7 years ago. The electric was totally redone 10 years ago and copper plumbing was also done 10 years ago. There are 3 gas meters (basement tied to floor 1), and 4 electric meters. 3 Water tanks, which were replaced 2 years ago. New cement foundation applied near garage and surrounding walkways. Underground sprinkler system with 3 zones controlled by remote. Property has visual security system which could be negotiable with the sale. Garden unit consists of a 3 bed 1 bath and is rented MTM long term to a family member for $1,000. All additional units are 2 bed 1 bath. Unit 1 is the owners unit, unit 2 is rented long term MTM for $1,110 and unit 3 is rented to family MTM for $1,000. ** Owners have family and long term tenants in the building so please be mindful that a minimum 60 day post close for full possession of the building would be requested.** *Neither broker nor owners represents the legality of the garden unit, however with Chicago's new ordinance regarding Accessory Dwelling Units (ADU's), the potential exists to legally convert by adding a second egress*
