Courtesy of: Michael Scanlon, eXp Realty, michael.scanlon@exprealty.com
Courtesy of: Michael Scanlon, eXp Realty, michael.scanlon@exprealty.com
$1,000,000
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9 bed
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4.00 Bath (4 Full)
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Lot: 0.10 Acres
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Other
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$1,000,000
2317 W Barry Avenue An exceptional investment opportunity in the highly sought-after Roscoe Village / West Lake View location. Situated on an oversized 38 x 124 lot along tree-lined Barry Avenue, this property offers convenient access to grocery stores, dining, shopping, and public transit. This well-maintained three-flat has undergone significant recent improvements, including a gut renovation and dormer expansion of the top floor, adding a full bathroom and two additional bedrooms. The garden unit, currently in original condition, features 2 bedrooms and 1 bathroom and is leased MTM for $1, 350/month to a long-term 10+ yr tenant, with strong upside potential to $2, 400+ with updates. The second-floor unit, recently renovated, offers 3 bedrooms and 1 bathroom and is rented at $2, 750/month. The top-floor owner's unit is configured as a spacious 4-bedroom + den, 2-bath duplex with an estimated rental potential of $4, 000/month. Additional value-add opportunities include the potential to add a kitchenette to create a separate in-law suite on the upper level. A detached three-car garage, currently owner-occupied, presents further income potential of approximately $300-$400 per month, making this a rare opportunity to acquire a high-performing asset with immediate upside in one of Chicago's most desirable neighborhoods.
Courtesy of: Michael Scanlon, eXp Realty, michael.scanlon@exprealty.com
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