7326 S Coles AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60649
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12199439
Bedrooms 6
Year Built 1908
Annual Tax Amount $2,789
Tax Year 2022
Lot Dimensions 50X199.3
Property Description
This exceptional property is a dream investment opportunity for savvy buyers, including investors, 203K, and renovation enthusiasts. Stepping into the foyer, you will be greeted by a captivating layout. The open and spacious first floor boasts an inviting eat-in kitchen with an island, a formal dining room, a living room, and a seating area. With one bedroom on the first floor and three on the second floor, including two luxurious master bedrooms sharing a Jacuzzi-equipped master bathroom, this property offers ample space and comfort. The original hardwood flooring, wood trim, three fireplaces, and three full bathrooms add to its allure. The finished basement features a recreational room with a fully functional kitchen, perfect for hosting guests. Situated near Lake Michigan, downtown, transportation, and walkable and bike trails, this property is a gem not to be missed. The building is zoned for RM-5, with six bedrooms: potentially 2 on the second floor, two on the first floor, and 2 bedrooms in the basement. Sold as-is, this property presents the perfect opportunity for buyers to build walls and install a kitchen on the 2nd floor to transform it into an income-generating asset, such as an Airbnb, with some dedicated effort. The seller has shared two detailed floor plans: one illustrates the current layout for a single-family home, while the other showcases the potential designs for deconversion. The opportunities for reimagining the space are limitless, inviting a variety of creative possibilities. Selling "As Is-Where-Is"
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Full,Walkout
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Porch
Garage Detached
Garage Spaces 1.0
Community Features Park,Lake,Sidewalks,Street Lights,Street Paved
Waterfront false
Roof Type Flat
Building
Lot Description Fenced Yard
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None