Closed

$299,000

1540 Saint Louis Avenue, Chicago, IL 60623
8 Beds2 Baths6 days
1540 Saint Louis Avenue·Chicago, IL 60623
8Bedrooms
2Bathrooms
About This Home

Welcome to your dream investment opportunity! This magnificent greystone building presents a rare chance to own a large and spacious 2-unit property in a sought-after location. Boasting classic charm and modern updates, this gem is perfect for both homeowners and investors looking to maximize their returns. The first floor of this greystone beauty features an impressive layout with 4 bedrooms and 1 bath. Currently vacant, this unit is ready for immediate occupancy, making it an ideal space for homeowners looking to settle in right away. Alternatively, savvy investors can take advantage of the rental income potential by leasing this unit to generate additional cash flow. The second floor mirrors the first in terms of its generous proportions, comprising 4 bedrooms and 1 bath. Currently, this unit is occupied by a tenant participating in the Chicago Housing Authority (CHA) program, providing a steady monthly income of $1,389. The existing tenancy adds an attractive aspect to this property, guaranteeing a reliable income stream for the fortunate new owner. Separate utilities for each unit ensure convenience and flexibility for both occupants. You'll appreciate the gas forced air heating system, ensuring comfort during the cooler months. Additionally, the beautiful hardwood floors add warmth and character to the entire property, enhancing its overall appeal. The property was previously gut rehabbed with approved plans and permits. The careful renovations have preserved the historical features of the greystone while seamlessly integrating modern conveniences. Don't miss this incredible opportunity to own a spacious greystone building with endless potential. Whether you're looking to settle down and generate rental income or seeking a wise investment, this property offers the best of both worlds. Act now and make this remarkable greystone building yours today!

MLS# 11808545Listed June 14, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms2
Total Rooms13

Size & Structure

Lot Size25X125

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$299,000
Annual Taxes (2021)$1,144
Monthly Tax Est.$95
Parcel #16232230370000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Stone
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$1,144
Tax Year 2021
Monthly Tax Est.
$95
per month
Property Location

1540 Saint Louis Avenue, Chicago, IL 60623Cook County

$299,000
1540 Saint Louis Avenue
8 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
6 days on market
25X125
$1,144/yr taxes
$1,667
estimated monthly payment
Principal & Interest
$1,571/mo
Property Tax
$95/mo
$299,000
20% — $59,800
3%50%
6.875%
3%12%
Loan Amount
$239,200
Down Payment
$59,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
YBRS Realty Inc.
Agent: Sagar Shah
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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