7950 S Lafayette AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60620
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12497699
Bedrooms 6
Year Built 1970
Annual Tax Amount $3,165
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 30X125
Property Sub-Type Two to Four Units
Property Description
This building is designed as two mirror image units, each with 3 bedrooms and 1.5 bathrooms, making it ideal for investors seeking stable rental income. Each unit includes: A welcoming living area with large windows for natural light. Hardwood flooring throughout, giving warmth and character to each space. Twin-unit configuration offers reliable dual income streams Hardwood floors add charm and reduce immediate renovation costs Unfinished basement provides flexibility for value-add improvements Onsite parking (four spaces) is a valuable commodity in urban settings Strong walk and transit scoring enhance occupant desirability Reasonably priced entry point for multifamily investors in Chicago The full basement is open and unfinished, offering flexibility for future build-out - whether that's converting to additional living space, storage, or installing building mechanicals.
Location
State IL
County Cook
Area Chi - Chatham
Rooms
Basement Unfinished,Full
Interior
Heating Natural Gas,Baseboard
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None