4037 N Kenmore

Chicago, IL 60613

Rare Multi-Unit property available in Chicago's Uptown neighborhood! Keep as a multi-unit or convert into a single family home and enjoy a $1,000,000+ valuation based on comparable SFH sales within a square mile of the subject property! Or live in one unit and let your tenant pay the lion's share of the expenses! Unit-2 is vacant! Super-Hot Location (Minutes from Wrigleyville - Cubs Stadium and Chicago's Lake Front)! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit, and a sizable unfinished basement with garden unit or duplex potential (7ft basement ceilings have been verified to meet the legal height requirements)! Big equity upside built into the asking price! Renovated sold comparable 2-unit in Uptown located at 4715 N Magnolia Ave, Chicago sold for $844,900 in September of 2019! With upgrades, the 3-bedroom unit can rent for up to $2,600 per month and the 2-bedroom unit can rent for $2,000 per month - that's $4,600 in gross monthly rental revenue or $55,200 in gross annual rental income! The first floor apartment requires the most investment, tenant is on month-to-month lease, the second floor unit is in GREAT shape, was recently updated and vacant! For even more cash flow, upgrade the units and Airbnb each unit for $200+ per night or rent the entire building for $600+ per night! This property also includes a XL 2.5 car garage, a second floor deck and a 1st floor patio! Perfect Location - Blocks away from Thorek Memorial Hospital! Blocks away from public transportation (CTA)! And Blocks away from the thriving commercial district on Broadway! Owner occupant buyers welcome, the second floor unit is vacant! Come take a tour and make an offer! Motivated Seller!