$575,000

Estimated payment $3,399/month

Total Views 1,502
7 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Gated Community
  • Property is near a park
  • Forced Air Heating System
  • Deck
  • Balcony
  • 2 Car Garage

About This Home

Woodlawn is one of Chicago's hottest neighborhoods, and it is only going to get hotter as The Obama Presidential Library gets slated for completion in 2026! This all brick, legal 2-unit building is very well-maintained and it is in an excellent location! This property has two solid strategies. First, you can live in one unit and rent out the other unit; and, in the future, you can even create a third unit in the basement. Second, you can just keep the entire building as an investment property! The first floor unit consists of three bedrooms and a bathroom. The second floor unit consists of four bedrooms and a bathroom. Both of these units feature large windows for that bright sunlight exposure and both units are accentuated with tall ceilings, real hardwood floors (and not luxury vinyl flooring), a pretty light gray wall color, a functional floor plan and an in-unit washer and dryer. The kitchens are equally amazing with their white, shaker style kitchen cabinets, their perfectly selected granite countertops and their pristine stainless steel appliances. You will love each unit! Equally important, this beautiful building is close to it all: walking distance to The University of Chicago, Washington Park, Jackson Park, The Obama Library, Jewel, transportation and Robust Coffee. It is a must see. It is a true armchair investment. A 10!

Last Listed By

Peter Drossos

Peter Drossos Real Estate License #471010251 Listed on: 05/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,247

Year Built

  • Built in 1911

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25 x 125

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near a park

Community Details

  • 2 Units
  • Gross Income $37,800
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,247

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1911
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Hardwood Floors

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 575000
  • OtherStructures: Garage(s)
  • Patio And Porch Features: Deck
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Gated, Sidewalks, Street Lights
  • Conversion YN: N

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 37800
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2246.82
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 For Sale $575,000 +73.5% --
05/20/2022 05/20/22 Sold $331,500 -5.3% --
03/16/2022 03/16/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $350,000 -- --
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12371274

Midwest Real Estate Data (MRED)