$849,000
Prime investment opportunity in the heart of Lakeview's vibrant Southport Corridor. Situated on a sun-drenched corner lot (25' x 72.5'), this rare Victorian two-flat packs a surprisingly massive footprint with two light-filled, 2,000 sq. ft. duplexes offering immediate cash flow and substantial upside. Both sprawling residences feature soaring ceilings, hardwood floors, updated kitchens and baths (2018), in-unit laundry, outdoor space, and separate tenant-paid utilities for minimal owner overhead. Unit 1 is a unique 4BD + den duplex-down boasting towering storefront-style ceilings, currently on a flexible month-to-month lease at $2,800/month-ideal for an owner-occupant or investor looking to raise to market rates immediately. Unit 2 is a character-rich 4BD/2BA duplex-up featuring exposed beams and architectural pitched ceilings, leased at $3,300/month through October 2028. Located steps from Southport's top dining, boutique shopping, and multiple CTA lines. Fully turnkey with below-market rents and plenty of room to value-add. Sold strictly "as-is" with street parking only. Outdoor space on concrete patio behind building. Coach house is separately owned/pinned and not included in price. Serious buyers only; please do not disturb the tenants.
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3124 Southport Avenue, Chicago, IL 60657 — Cook County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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