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$ 395,000
$ 375,000 5.3%
Est. payment /mo
Sold on 07/21/2025
7419 S Coles AVE Chicago, IL 60649
4 Beds
2 Baths
UPDATED:
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12292831
Style Brownstone
Bedrooms 4
Year Built 1909
Annual Tax Amount $2,964
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
Phenomenal South Shore Multi-Family Gem - A Rare Find with Lake Views! An incredible opportunity awaits in South Shore with this well-maintained, expansive 2-flat, perfect for an owner-occupant looking to build long-term equity or an investor seeking strong cash flow in one of Chicago's most sought-after neighborhoods. Each legal unit features formal living and dining areas, a cozy sitting area, spacious bedrooms with high ceilings and striking coffered ceilings in the primary bedrooms, large kitchens with space for an eat-in area, and full-size bathrooms. The partially finished basement with 7+ ft ceiling height and front and rear entry access offers tremendous potential-convert it into a third unit, duplex down the first floor, or utilize it for storage and coin laundry to generate passive income. Recent upgrades include a brand-new back porch (2024) with second-level lake views, a newer fully fenced backyard, a newer garage with a freshly poured concrete parking slab, a roof replaced in 2017, and a brand-new boiler (2018) with a new hot water tank. Investment potential is massive, with fully renovated 2-unit comps appraising at $431,333+ and values reaching $661,750+ with a basement conversion, while 2-bed units rent for $1,900+/mo, and 3-bed layouts can generate $2,300+. Conveniently located steps from the lake, parks, shopping, dining, public transit, and major expressways, this property is also near the soon-to-be-completed Obama Presidential Library and South Shore developments, making it primed for future appreciation. Property sold as-is-schedule your showing today and secure your piece of South Shore's future!
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Interior
Heating Natural Gas
Exterior
Garage Spaces 2.0
Roof Type Rubber
Building
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Applegate of Straight-A Realty, LLC
Bought with Michael Applegate of Straight-A Realty, LLC
Bought with Michael Applegate of Straight-A Realty, LLC
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