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Vicki Stevenson

vicki@hf-homes.com +1(708) 251-1500

$ 739,000

Est. payment | -/mo

8 Beds

5 Baths

Save

$ 739,000

Est. payment | -/mo

Save

8 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12625970

Bedrooms 8

Year Built 1970

Annual Tax Amount $11,791

Tax Year 2024

Lot Dimensions 31 X 126

Property Sub-Type Two to Four Units

Property Description

Turnkey investment opportunity in the heart of Elmwood Park! This solid, well-maintained 3-flat at 2702 N 74th Ave is perfect for both savvy investors and owner-occupants-rent out two units and live comfortably in the third while generating steady income. Each unit offers a functional layout with great natural light, and the property has been well cared for over the years. The 1st and 2nd floor units feature 3 generously sized bedrooms, 1 full bath plus a half bath, spacious living and dining rooms, and well-appointed kitchens. Beautiful hardwood floors run throughout, adding warmth and character. The 2nd-floor unit was tastefully renovated in 2017, enhancing its modern appeal and rental potential. The garden unit includes 2 bedrooms, a comfortable living room, dining area, kitchen, and a full bathroom-ideal for additional income or flexible living arrangements. Tenants will appreciate the shared laundry area in the lower level, equipped with two sets of washers and dryers, accepting both coin and credit card charge for added convenience. The property also features newer windows, improving energy efficiency and overall comfort. If fully rented, this property has the potential to generate up to $79,000 in annual income, making it an exceptional opportunity for investors seeking strong cash flow. Situated on a quiet residential street with easy access to shopping, dining, public transportation, and major highways, this is a prime location for tenants and owners alike. Whether you're expanding your portfolio or looking to afford your mortgage, this versatile, income-producing property is a must-see!

Location

State IL

County Cook

Area Elmwood Park

Zoning MULTI

Body of Water 3-FLAT

Rooms

Basement Finished, Exterior Entry, Full

Interior

Heating Natural Gas, Baseboard, Radiant

Equipment CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 401 , 401, 401

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Rudy Gandy of United Real Estate - Chicago

Nearby Locations

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

+1(708) 251-1500

vicki@hf-homes.com

1034 Sterling, Flossmoor, IL, 60422, USA

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2702 N 74th AVE Elmwood Park, IL 60707