56
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Listed by Christopher Sweitzerof Compass
$1,249,000
Est. payment /mo
7 Beds
2,613 Sqft Lot
Active Under Contract
2455 N Sawyer AVE Chicago, IL 60647
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12665302
Bedrooms 7
Year Built 1906
Annual Tax Amount $14,296
Tax Year 2024
Lot Size 2,613 Sqft
Lot Dimensions 30 X 94
Property Sub-Type Two to Four Units
Property Description
All-brick three-flat on a wide corner lot in the heart of Logan Square - well-maintained, meaningfully updated, and built for low-overhead ownership. The two first-floor 2BD/1BA units (1F and 1R) feature soaring 12-foot ceilings, open floorplans, hardwood floors, updated kitchens and baths, and excellent natural light. The top-floor 3BD/2BA unit offers the same hardwood floors throughout, updated kitchen and bath, in-unit W/D, and a private rooftop deck. Each unit has its own forced-air heat and central air; tenants pay all utilities. Parking includes one garage space and a tandem surface spot - a meaningful amenity in this neighborhood. There is a massive unfinished basement that currently serves as dedicated storage for each unit and a shared laundry area - and represents a genuine value-add opportunity. The footprint and zoning are well-suited for a garden ADU conversion, a path that could add a fourth income-producing unit and meaningfully increase both cash flow and asset value. Capital improvements over the past five years include a full roof replacement (2020), all new water heaters (2020), exterior brick repaint (2021), masonry and tuckpointing on the west and south walls (2025), and new Low-E windows in the first-floor living room (2025). Current rents are below market, giving the next owner immediate upside at turnover without a heavy lift. Steps from the Kedzie Blue Line, Kedzie Boulevard, Lula Cafe, and Logan Square's broader dining and nightlife corridor - one of the city's most consistently high-demand rental locations for investors and owner-occupants alike.
Location
State IL
County Cook
Community Gated, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Roof Deck
Garage Spaces 1.0
View Y/N true
Building
Sewer Septic Tank
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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