9 Bedroom Home For Sale in Elmwood Park, IL

2511 N. Harlem Ave. Chicago, IL 60707

If you are seeking a dynamic investment opportunity with the potential for immediate profit growth, then look no further. This certified five unit residential two story with garden apartment offers exactly that. Flanked on either side and all up and down the street by commercial properties, this unit has the potential to be rezoned as a commercial building. These owners have meticulously cared for this building and in fact have completed many recent renovations adding to its value and desirability. Located in a prime North Harlem Avenue location, this property is within walking distance of the Amtrak station and the CTA buses. Currently three units are occupied on month to month leases, leaving you free to bring in your own tenants or continue with the existing leases. The spacious second front level unit is perfect for owner occupying. With all brand new vinyl clad tilt-in windows which are above ground level and dressed with brand new blinds, the garden apartment renovation has just been completed. Bright cheerful wall colors combine with neutral ceramic tile flooring to provide a crisp clean appearance. The nice sized living room has a wall alcove perfect for a small television or to display artifacts. A very large walk in closet is just off the entry. An all new white 6 panel door adds to the fresh appearance of this unit. Also adding to the newness is the new white refrigerator. White cabinets and ceramic tile floor create an inviting environment. With space for a bistro table in the kitchen, the large dining area across from the kitchen work space could easily be used as a computer area, office, or sitting room. The new bath boasts ceramic tile flooring, partial ceramic walls, ceramic tub surround, and a new pedestal sink. This unit and other two front units have hot water heat. The back units share a five year new gas forced air system. The landlord is currently paying water and cooking gas for the second floor units. The other units pay their own cooking gas in addition to all units paying their own heat and their own electricity. In addition to the five year new tear off roof, you will also benefit from the 75 gallon water heater installed in 2002, the hot water boiler installed in 2000, and the two car garages overhead door which was new in December of 2002. The garage is currently rented by the first floor tenants for $100 per month. The 1st floor front unit has been very well maintained by the current tenants & includes a living room with an original stained glass window, kitchen with white cabinets, stove, refrigerator, & double stainless sink, tilt in windows with blinds, two bedrooms, & a full bath. The 1st floor back unit has a living room, 2 bedrooms, a full bath, & nice sized kitchen with stove & refrigerator. The 2nd floor back apartment reveals a large living room, in fact it is the width of the full apartment & includes a mirrored closet. In addition, there is an eat in kitchen, one bedroom & a full bath. The basement is clean and brightly lit with a good sized laundry area with included coin op washer and dryer, utility area with both furnaces, water heater, and a large storage closet currently used by the landlord for storing supplies. Under the back portion of the building with separate access is a second larger storage room also currently used only by the landlord. There is a concrete patio area between the building & garage and sidewalk access from front to back. Black wrought iron fencing surrounds the lot & is gated in the front & back. A fantastic investment opportunity! Take the virtual tour at www.buyowner.com and enter C H I 13496.