Fantastic investment opportunity! This charming 2-unit building offers versatility and potential for savvy investors or homeowners seeking rental income. The first floor boasts a vacant and move-in-ready 2-bedroom, 1-bathroom unit, perfect for immediate occupancy. The second floor features a spacious 3-bedroom, 1-bathroom unit, currently occupied by a reliable Section 8 tenant who pays $1,525 per month, ensuring consistent rental cash flow. With separate utilities and gas forced air for both units, maintenance and management are made convenient. Take advantage of the option to reside comfortably on the first floor while benefiting from rental income on the second, or maximize your returns by renting out both units. Located on a great block in a prime location, this property is a rare find in today's market. Don't miss your chance to own this income-generating gem!
Closed
$285,000
740 N Leclaire Ave, Chicago, IL 60644
5beds
--sqft
Multi Family
Built in 1895
-- sqft lot
$341,100 Zestimate®
$--/sqft
$2,076 Estimated rent
Home value
$341,100
$304,000 - $379,000
$2,076/mo
Zestimate® history
Owner options
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$2,076/mo
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$2,076/mo
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$2,043/mo
Est. payment
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$2,043/mo
Est. payment
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Gas forced airSeparate utilities
Zillow last checked:
Listing updated:
Listed by:
Sam Shah 847-757-2777,
YBRS Realty Inc.
Bought with:
Maria Sanchez
Re/Max Partners
Source: MRED as distributed by MLS GRID,MLS#: 11870801
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Unfinished,Full
Property
Lot
- Size: 3,125 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 16092010310000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $250,000
- Annual tax amount: $1,507
- Date on market: 8/28/2023
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2023 | Sold | $285,000-4.7% |
Source:  MRED as distributed by MLS GRID #11870801 Report a problem | ||
| 9/13/2023 | Contingent | $299,000 |
Source: MRED as distributed by MLS GRID #11870801 Report a problem | ||
| 8/28/2023 | Listed for sale | $299,000+1096% |
Source: MRED as distributed by MLS GRID #11870801 Report a problem | ||
| 10/15/2021 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 9/10/2021 | Listed for rent | $1,355 |
Source: Zillow Rental Network_1 Report a problem | ||
| 5/15/2014 | Sold | $25,000+66.7% |
Source: Public Record Report a problem | ||
| 12/22/2008 | Sold | $15,000-90.1% |
Source: MRED as distributed by MLS GRID #07085089 Report a problem | ||
| 9/20/2005 | Sold | $152,000+97.4% |
Source: Public Record Report a problem | ||
| 7/14/2003 | Sold | $77,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,023 +217.5% | $25,000 +233.4% |
| 2023 | $1,582 +2.6% | $7,499 |
| 2022 | $1,542 +2.3% | $7,499 |
| 2021 | $1,508 -36.4% | $7,499 -29.5% |
| 2020 | $2,370 -2.4% | $10,639 -12% |
| 2019 | $2,429 +1.7% | $12,090 |
| 2018 | $2,388 -19.4% | $12,090 -12.1% |
| 2017 | $2,962 +294.8% | $13,759 +267.3% |
| 2016 | $750 +9.3% | $3,746 |
| 2015 | $686 -71.5% | $3,746 -71.2% |
| 2014 | $2,410 -8% | $12,990 -9.8% |
| 2013 | $2,621 +1.4% | $14,409 |
| 2012 | $2,586 -1.1% | $14,409 -10.7% |
| 2011 | $2,615 -0.4% | $16,139 |
| 2010 | $2,626 +4.4% | $16,139 |
| 2009 | $2,517 -15.5% | $16,139 -22.3% |
| 2008 | $2,979 +1% | $20,769 |
| 2007 | $2,950 -1.1% | $20,769 |
| 2006 | $2,982 +22% | $20,769 +38.9% |
| 2005 | $2,443 +1% | $14,953 |
| 2004 | $2,419 +2.2% | $14,953 |
| 2003 | $2,366 +29.9% | $14,953 +47.4% |
| 2002 | $1,822 +3.8% | $10,142 |
| 2001 | $1,756 +19.6% | $10,142 |
| 2000 | $1,469 | $10,142 +32.6% |
| 1999 | -- | $7,647 |
Find assessor info on the county website
Neighborhood: South Austin
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Howe Elementary SchoolGrades: PK-8Distance: 0.3 mi
- NAMarshall Metropolitan High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$341,100
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Estimated market value
$341,100
- Illinois
- Cook County
- Chicago
- 60644
- South Austin
- 740 N Leclaire Ave
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