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Steve Porter

steve@redefinedresidential.com +1(773) 992-9619

$ 725,000

Est. payment | -/mo

4 Beds

3.5 Baths

1,800 SqFt

Save

$ 725,000

Est. payment | -/mo

Save

4 Beds

3.5 Baths

1,800 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse-2 Story

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $402

MLS Listing ID 12743779

Bedrooms 4

Full Baths 3

Half Baths 1

Rental Info Yes

Year Built 1959

Annual Tax Amount $7,475

Tax Year 2025

Lot Dimensions 2425

Property Sub-Type Townhouse-2 Story

Property Description

Exceptional opportunity to own a townhome in one of Edgewater's most desirable locations-just steps from Loyola University, Lake Michigan, and the Granville Red Line station. This spacious residence offers three above-grade bedrooms and three-and-a-half bathrooms, plus a finished lower level featuring an additional bedroom/sleeping area, full bathroom, bonus room, laundry room, and mechanical room. The home was extensively updated in 2023 and is being offered fully furnished and equipped, providing a turnkey opportunity for either an owner-occupant or investor. It is currently operated as a licensed short-term rental and generated approximately $86,000 in rental income last year. Current-year bookings already exceed $92,000, with projected gross income anticipated to surpass $95,000. The property is professionally marketed through Evolve and has earned more than 86 exceptional guest reviews, with an average rating of 4.95 out of 5. The existing rental listing may be transferable, subject to Evolve's policies and approval. Ideally located approximately 0.2 miles from the Granville Red Line station and 0.2 miles from Lake Michigan and the beach, with Loyola's campus, restaurants, shopping, cafes, and neighborhood amenities all nearby. A rare combination of location, flexibility, and proven income potential. Property configuration, lower-level room use, short-term rental licensing, future rental income, and listing transferability are subject to applicable requirements and should be independently verified by the buyer.

Location

State IL

County Cook

Area Chi - Edgewater

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Cooling Central Air

Equipment Security System, CO Detectors, Ceiling Fan(s), Sump Pump, Security Cameras

Fireplace N

Appliance Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)

Laundry In Unit, Laundry Closet, Sink

Building

Dwelling Type Attached Single

Building Description Brick, No

Story 2

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Pets Allowed Cats OK, Dogs OK

Listed by Elena-Ligia Florescu of GNP Realty Partners, LLC

Nearby School & Business

Contact US TODAY TO GET STARTED

Steve Porter

+1(773) 992-9619

Broker License ID: 471.018397

6242 N KENMORE AVE #D Chicago, IL 60660

Steve Porter

Key Details

Location

Rooms

Interior

Building

Schools

Others

Nearby School & Business

Contact US TODAY TO GET STARTED