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Not Available

$759,000

2958 S Union Ave, Chicago, IL, 60616


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4

Bedrooms

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3.0

Baths

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3,000

Sqft

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$253

/ Sqft

About this home

Embrace the charm and allure of this multifamily living with a tasteful mix of history and modern updates. This unique property, meticulously cared for, was initially constructed between 1887 and 1894 and boasts of intriguing character and soul, having served as a saloon, a Bohemian Saving and Loan, a soda shop, and a tavern.

Steeped in history, the property encompasses a full city lot, stretching across 25'x125', bound by double-bricked walls that promise resilience, and 13' pressed tin ceilings adding to it an antique allure. The expansive basement, with its robust 8' height, is fit for multiple uses.

The front apartment, spacious at about 1500 sqft, is graced by 13' pressed tin ceilings, enriching the space with a sense of grandeur. Also enhancing the interiors are the 5” red oak floors throughout, high-efficiency wooden casement, and cladded wooden awning windows. It is reassured comfort with Central air and a spacious bathroom equipped with a 5' shower and antique tub. The kitchen is enhanced with durable epoxy countertops, a harmonious blend of the modern and vintage.

The middle apartment used as an Airbnb is a cozy 600 sqft, with impressive 10' ceilings and original maple floors, manifesting a true vintage vibe. This space is complete with double-hung high-efficiency thermal windows and newer appliances, and separate electric and gas facilities.

The rear apartment, approximately 720 sqft, is equally impressive. High-efficiency thermal windows complete with plantation shutters, 13' pressed tin ceiling, and 5” red oak floors blend to create a warm, welcoming space. The apartment also boasts newer appliances and built-in closets, complete with separated utilities.

Modern operational needs take precedence, with the property featuring newer hot water heaters, overhead sewer with newer sump pump, 8' ceilings, newer drain tiles, updated electric panels, and a rubber roof with an installer's warranty. The property is a turnkey opportunity, with a robust cap rate, consists of a fully booked Airbnb and all units rented.

Observe its charm and appeal by scheduling a viewing appointment today. Enjoy the peace of mind that comes with an already flowing, steady income in your hands. The echoes of an interesting past and the promise of an abundant future make this property a lucrative choice for any discerning buyer.

Where it's located
Mortgage calculator

%

Insurance

$633

Taxes

$1,265

P & I

$3,739

Your payment

$5,637
Tax history
YearTax PaidTax AssessmentLandImprovement
2022$7,730$41,000$13,420$27,580

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