4106-08 S Lake Park AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60653
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
Subdivision Bronzeville
MLS Listing ID 12173457
Style Row House
Bedrooms 3
Year Built 1890
Annual Tax Amount $5,257
Tax Year 2023
Property Description
On the Confluence of the Shores of Lake Michigan in East Oakland on coveted Lake Park Ave. Storybook setting Exceptional Unicorn 1890's Brick Vintage 2 Flat Row Home PLUS NON CONFORMING (CODE WORD FOR NOT LEGAL) SEMI FINISHED GARDEN STUDIO APARTMENT set on Corner Double Lot. Absolutely flooded with natural light, open loft like floor plan, hardwood floors, soaring ceilings, separate GFA, H20, Individual Circuit breakers, Skylight, Stainless Steel Appliances, Herringbone patterned backsplash, individual washer/dryer in each unit, Updated bath with wainscotting tile. Full semi-finished nonconforming basement perfect for Duplexing, Live/Work, Extended Family, or future Airbnb. Whimsical Side Garden/Yard, Patio, Multiple decks and 2 car exterior parking pad. Generous zoning provides multiple paths of opportunity and offers diverse investment objectives without committing to a path upfront This is a perfect affordable user or hybrid development asset that is well located and checks all the boxes. Building is NOT landmark nor a landmark district. Zoning Certification is 2 legal units. Floorplans & survey available. Unit 1 is leased 1450 through 11/24. Unit 2 is leased at 1500.00 through 09/25. The Garden Studio Unit is NOT legal, semi finished, vacant and projected at 850.00. 2 pins total tax bill 5257.61. Building 4021.81/ Separate Lot 1235.80. This is an amazing opportunity for a savvy buyer. For Owner Occupants BOA Eligible buyers can get 10k down pmnt grant( up to 10k) on a 95 LTV. Also can get 7500 as closing cost grant. Max Income is 164,700. See brokers private remarks for other value insights.
Location
State IL
County Cook
Area Chi - Oakland
Zoning MULTI
Interior
Heating Natural Gas
Equipment CO Detectors,Ceiling Fan(s)
Exterior
Exterior Feature Deck,Patio,Storms/Screens
Community Features Lake,Curbs,Gated,Sidewalks,Street Lights,Street Paved
Waterfront false
Roof Type Other
Building
Lot Description Corner Lot,Fenced Yard
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Elementary Schools Robinson Elementary School
Middle Schools Fuller Elementary School
High Schools Dyett Academic Center High Schoo
School District 299 ,299, 299
Others
Special Listing Condition List Broker Must Accompany