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5756 S Princeton Avenue Chicago, IL 60621

$262,000
New / MLS# 12590750 / Multi Unit - Multiple / Chicago
8 Beds
3 Baths

Attention Investors! Discover an incredible opportunity for investors and owner-occupants in this versatile multi-unit property. Featuring two spacious units plus a nonconforming basement AND a coach house unlocks a ton of income potential. Units 1 and 2 offer 3 bedrooms and 1 bathroom, ideal for owner-occupants, investors, or those exploring short-term rental opportunities. Both units feature generous layouts with abundant natural light and separate utilities. A large unfinished attic offers additional storage or the potential to expand..perfect for a duplex-up conversion, studio space, or guest suite. The recently updated second-floor is tenant-occupied and complete with a new stove and stainless steel appliances. First floor vacant unit was just re painted, new tile in bathroom and new hot water heater. Basement unit features 2 beds, 1 bath with additional den space for added storage. A fire-damaged 2-bedroom coach house presents a fantastic project for a savvy buyer. A full gut rehab will transform this unit into a major income generator, adding tremendous value to the property. HVAC newer, Roof repairs done in 2025, new hot water tank. While there is no garage, there is ample street parking on the block. Property is being sold AS IS. Due to the condition of the coach house 203k Renovation loan or cash only

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Estimated Payment

$ 705.81 per month $582.22 Principal & Interest $47.17 Property Tax $76.42 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, Full
Heating: Natural Gas, Forced Air
Lot Size: 0.06 Acres
Taxes: $566
Year Built: 1888

Feature Descriptions

Additional Structures: Guest House
Exterior: Vinyl Siding, Frame
Lot Dimensions: 25X125
Parcel#: 20162090500000
Sewer: Public Sewer
Total Rooms: 12
Township: Lake
Water: Lake Michigan

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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Listing Office: Redfin Corporation

Listing Office Phone: 312-836-4263



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