1228 W Elmdale

Chicago, IL 60660

HEAR YE! HEAR YE! THE BEST IS YET TO BE! Attention Buyers: The Duchess" welcomes you! Located in super desirable Magnolia/Edgewater Glen, this well-bred lady is waiting to be escorted to her highest and best destination. Totaling 7 bedrooms and 4 bathrooms, the apartments are (1) 3 bedroom/1 bath and (2) 2 bedroom /1 bath with another bathroom in the unfinished basement. (3rd bedroom possible in the 3rd floor unit making it an 8-bedroom building). Each apartment features a separate, formal dining room with original sideboards with leaded glass doors. Original woodwork, crown moldings, and wood floors throughout all apartments. Two apartments feature decorative fireplaces with original Craftsman tile facings and flanking bookcases. Main bedrooms can fit king- and queen-sized beds. With terrific, open views down Magnolia Avenue, and unusually spacious layouts, these apartments live like bungalows! Enjoy the sunniest sunrooms and big (8'-0" x 18'-0") open back porch and stairs that make summer entertaining a total pleasure! There's even room for a dumbwaiter! Steps to Thorndale L stop, Whole Foods, Aldi, Walgreens, Osterman Beach, Lake Michigan, and Andersonville.******* Located in one of Chicago's 5 ADU (accessory dwelling unit) pilot areas, this property's RT-4 zoning and 34'-0" wide lot means a 4th unit and 3 car garage can be built to "max out" the value. Duplex the first floor to the basement and build a three-car garage with upper story carriage house in the back for maximum return. Architect designed schemes for both options available for inspiration and demonstration of development possibilities. Bring some capital to the table, and you could see cash on cash annual ROI from 15% to 24%! Vacant unit(s) are ready for improvement.