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Listed by Keith Schumannof @properties Christie's International Real Estate
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Est. payment /mo
New
3404 N Tripp AVE Chicago, IL 60641
5 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12676395
Bedrooms 5
Year Built 1921
Annual Tax Amount $9,878
Tax Year 2024
Property Sub-Type Two to Four Units
Property Description
** PHOTOS ARE IN! ** ATTENTION INVESTORS & OWNER OCCUPANTS! Outstanding opportunity to acquire a classic Chicago brick two-flat with tremendous upside potential in the heart of fantastic Belmont Cragin. Offered for the first time in many years, this well-maintained property features two spacious 2-bedroom, 1-bath apartments plus an additional 1 bed, 1 bath garden unit, creating excellent income-producing potential. The 1st and 2nd floor units retain much of their original Chicago charm, including beautiful hardwood floors, decorative fireplaces with original mantels, and rich vintage woodwork. The building has been well cared for over the years, offering solid mechanicals and a strong foundation for future improvements and increased rental income. Additional features include a two-car garage, common laundry facilities, basement storage space, and a private backyard for tenants to enjoy. The garden unit is currently vacant and current rents are significantly below market, creating a compelling value-add opportunity for investors seeking future income growth. The month-to-month status of the tenants further enhance flexibility for future plans. With strong rental demand throughout the neighborhood, this property represents an exceptional opportunity to build equity and maximize returns. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this classic Chicago multi-unit offers character, cash flow, and substantial upside in a desirable Northwest Side location. ** GOING LIVE ON MLS TUESDAY 6/23 & WE WILL BEGIN SHOWINGS on Wednesdays from 4 to 6:PM and Saturdays from 11:AM to 1:PM..** Please call Keith for more Info. Owner and Broker make no representations or warranties regarding the legal status, zoning compliance, or code compliance of the garden unit. Buyer is responsible for conducting their own due diligence and verification with all applicable governmental authorities.
Location
State IL
County Cook
Zoning SINGL
Rooms
Basement Full
Interior
Heating Natural Gas, Steam
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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