Pending
4106-08 S Lake Park Avenue
Chicago IL, 60653
$574,000
Pending
3 Beds
3 Baths
Multi-family
Built in 1890
Courtesy of North Clybourn Group, Inc.
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 vacant and projected at $1500.00. The Garden Studio Unit is NOT legal, semi finished, vacant and projected at $850.00. 2 pins total tax bill $4343.70. Building $3166.21/ Separate Lot $1177.49. This is an amazing opportunity for a savvy buyer. For Owner Occupants BOA Eligible buyers can get $10k down payment grant(3% 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.
12094329
MLSⓇ ID
June 27, 2024
Listed
February 20, 2025
Updated
Interior Features
Bedrooms
3
Total Bathrooms
3
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Exterior Features
Deck, Patio, Storms/Screens
Lot Features
Corner Lot, Fenced Yard
Architectural Style
Row House
Roof
Other
Sewer
Public Sewer
School Information
School District
299
High School
Dyett Academic Center High Schoo
Elementary School
Robinson Elementary School
Other Property Details
Area Name
CHI - Oakland
Taxes
$4,344
Tax Frequency
Annually
Days on Market
15
Garage
No
Parking
Off Alley, Off Street
Parking Total
2
View
No
County
Cook
Municipality
Hyde Park
Water Source
Lake Michigan
Pool
No
Lakefront
Yes
Zoning
MULTI
Courtesy of North Clybourn Group, Inc., Karen Biazar,
Listing Contact: 773-252-0600
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Data last updated 4:06 AM UTC, 2/20/2025