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2702 N 74th Avenue Elmwood Park, IL 60707

$739,000
New / MLS# 12625970 / Multi Unit - Multiple / Elmwood Park
8 Beds
5 Baths

Turnkey investment opportunity in the heart of Elmwood Park! This solid, well-maintained 3-flat at 2702 N 74th Ave is perfect for both savvy investors and owner-occupants-rent out two units and live comfortably in the third while generating steady income. Each unit offers a functional layout with great natural light, and the property has been well cared for over the years. The 1st and 2nd floor units feature 3 generously sized bedrooms, 1 full bath plus a half bath, spacious living and dining rooms, and well-appointed kitchens. Beautiful hardwood floors run throughout, adding warmth and character. The 2nd-floor unit was tastefully renovated in 2017, enhancing its modern appeal and rental potential. The garden unit includes 2 bedrooms, a comfortable living room, dining area, kitchen, and a full bathroom-ideal for additional income or flexible living arrangements. Tenants will appreciate the shared laundry area in the lower level, equipped with two sets of washers and dryers, accepting both coin and credit card charge for added convenience. The property also features newer windows, improving energy efficiency and overall comfort. If fully rented, this property has the potential to generate up to $79,000 in annual income, making it an exceptional opportunity for investors seeking strong cash flow. Situated on a quiet residential street with easy access to shopping, dining, public transportation, and major highways, this is a prime location for tenants and owners alike. Whether you're expanding your portfolio or looking to afford your mortgage, this versatile, income-producing property is a must-see!

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Baird & Warner Kara Gabbert Keller Agent Cell: 708.705.5272 Email

Mortgage Calculator

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 2,840.35 per month $1,642.22 Principal & Interest $982.58 Property Tax $215.54 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Exterior Entry, Full
Garage: 2
Heating: Natural Gas, Baseboard, Radiant
Lot Size: 31 X 126
Roof Type: Asphalt
Taxes: $11,791
Year Built: 1970

Feature Descriptions

Exterior: Brick
Lot Dimensions: 31 X 126
Other Equipment: CO Detectors, Ceiling Fan(s)
Parcel#: 12254030500000
Parking: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 16
Township: Leyden
Water: Lake Michigan

Schools

School District: District 401

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: United Real Estate - Chicago

Listing Office Phone: 630-748-4660



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