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5756 S Princeton Avenue , Chicago, IL 60621

$250,000
  • 5756 S Princeton Avenue , Chicago, IL 60621 Main Photo

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New to the Market New
BEDS8 BATHS3 full MLS#12654851
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

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

5756 S Princeton Avenue | MLS# 12654851

This multi-family property located at 5756 S Princeton Avenue , Chicago, IL 60621 is currently listed for sale with an asking price of $250,000. S Princeton Avenue is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partially Finished, Full
Basement: Yes
Heating: Natural Gas, Forced Air
Lot Size: 0.06 Acres
Taxes: $2,883
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

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Redfin Corporation
Agency Phone: 312-836-4263

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 1,448.74 per month $1,135.58 Principal & Interest $240.25 Property Tax $72.92 Homeowner's Insurance

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