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Arthur Barkan

arthur@barkanrealty.com +1(224) 433-4553

$ 649,000

Est. payment | -/mo

8 Beds

Save

$ 649,000

Est. payment | -/mo

Save

8 Beds

OPEN HOUSE

Sat Jun 07, 3:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12362360

Bedrooms 8

Year Built 1910

Annual Tax Amount $2,064

Tax Year 2023

Lot Dimensions 3287

Property Sub-Type Two to Four Units

Property Description

This is a rare and exceptional opportunity to own a fully renovated, income-producing brick building at 3839 W 14th St in Chicago's resurging North Lawndale neighborhood. Legally recognized as a 3-unit multi-family property, this building also includes a fully finished garden-level in-law apartment with front and rear entrances, offering a 4th income-generating unit-perfect for added rental income or multi-generational living. Currently bringing in $5,100/month in rental income from three occupied units, the vacant unit offers an ideal house-hacking opportunity for an owner-occupant to live affordably while the tenants cover the majority of the mortgage and household expenses. Originally built in 1910 and completely rebuilt in 2024 by a professional contractor-owner, this turnkey building features all-new plumbing, electrical, HVAC, roof, windows, and interiors. Each of the four spacious 2-bedroom, 1-bath units boasts modern shaker cabinets, updated countertops, stylish flooring, and in-unit laundry with brand-new stainless steel appliances (stove, fridge, microwave, dishwasher, washer/dryer). All units have separate utilities and independent central air and heat systems for maximum tenant comfort and easy management. Outside, the property is equally impressive: a 6-foot privacy fence encloses the backyard and a newly poured concrete parking pad for four vehicles, secured by a rolling gate. With its mix of vintage charm and modern construction, ideal layout, and income potential, this property is a true gem for both investors and homeowners. Just steps from public transportation, parks, schools, and shopping-don't miss this rare chance to own a high-quality, fully updated building in one of Chicago's most promising growth corridors.

Location

State IL

County Cook

Rooms

Basement Finished, Exterior Entry, Full, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

View Y/N true

Roof Type Asphalt

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 130, 130, 130

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Applegate • Straight-A Realty, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 433-4553

arthur@barkanrealty.com

1700 W Higgins Rd STE 240, Plaines, IL, 60018

3839 W 14th Street Chicago, IL 60623