4229 W Division Street
Property Description
Excellent investment opportunity in the heart of West Humboldt Park! This Mixed-use C1-1 zoned property offers a versatile configuration with 3 UNITS. The first floor offers 2 bedrooms, 1 bath, with a connecting 380 sqft storefront, the second floor offers 3 bedrooms, 1 bathroom, and the FINISHED garden apartment with 2 bedrooms, 1.5 bathrooms. An oversized 2 car garage with 13-ft ceilings, equipped with gas, water, and its own electrical panel, offering exceptional flexibility for storage, business use, workshop space, or other possibilities. Each apartment features SEPARATE UTILITIES, providing added convenience for owners and investors. The building is equipped with central heat, and the ability to add central AC. The C1-1 zoning opens the door to a variety of residential and commercial uses, located close to public transportation, and local businesses. The neighborhood is also seeing new investment and redevelopment, including The Ave, a mixed-use project bringing new housing, commercial space, and amenities to the area. Recent improvements include Tuckpointing, New sewer stack, NEW garage door (2024), NEW gates, NEW front door, and NEW security camera system. With the improvements already in place and continued development happening nearby, this property offers a great combination of convenience, income potential, and future upside for an investor looking to get into or expand in the multi-unit market. With a flexible setup, and a $50,000+ rental income potential and room for long-term growth!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $499,000 |
| Year Built: | 1927 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-MREDIL-12780819
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