Turnkey Two-Unit Residential Income
848 N Latrobe Avenue Chicago, IL 60651
848 N Latrobe Avenue, Chicago, IL, 60651
$485,990
For Sale
Under Contract
$485,990
MULTI_FAMILY - Chicago, IL
Days on Market52
Property Features for 848 N Latrobe Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 5, Basement, Bedroom 4
- Parking
- 2
- Basement
- Full, Unfinished
- Standard status
- Active Under Contract
- APN
- 16043300200000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 4962
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1894
- Building materials
- Frame
Listing Agency
Solaris Enterprises Inc
(773) 235-2161
3918 W North Ave, CHICAGO, IL
Listed by
Esther Gonzalez
(773) 235-2161
Added: May 28 Checked: Jul 18 at 7:06 pm
MLS# 12660798
Listing URL
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Investment Insights
Based on property information with market context.
This two-unit residential property has been comprehensively rebuilt and reimagined and is presented as turnkey for immediate occupancy. The work was completed with architectural plans, city permits, and attention to detail, resulting in a near-new condition throughout. Improvements include all new plumbing, electrical, mechanical systems, and updated finishes, creating a ready-to-own building for either owner-occupied living or renting both units. An oversized basement adds flexible space for additional living areas, a recreation room, home gym, workshop, or other uses tailored to the buyer’s needs.
Located at 848 N Latrobe Avenue in Chicago, IL 60651, the property is described as conveniently positioned near schools, parks, shopping, restaurants, and transportation. The multi-unit zoning designation supports its continued use as a residential income property.
For tenants, this configuration offers a practical live-and-rent option: one unit can be owner-occupied while the second unit generates rental income. For buyers and operators, the fully permitted scope of work and the replacement of major building systems are intended to reduce near-term uncertainty and make the property suitable for long-term ownership. The additional basement space provides room to expand functionality beyond the primary units, depending on how you plan to use the property.
Located at 848 N Latrobe Avenue in Chicago, IL 60651, the property is described as conveniently positioned near schools, parks, shopping, restaurants, and transportation. The multi-unit zoning designation supports its continued use as a residential income property.
For tenants, this configuration offers a practical live-and-rent option: one unit can be owner-occupied while the second unit generates rental income. For buyers and operators, the fully permitted scope of work and the replacement of major building systems are intended to reduce near-term uncertainty and make the property suitable for long-term ownership. The additional basement space provides room to expand functionality beyond the primary units, depending on how you plan to use the property.
Key Highlights
- Rebuilt two‑unit property with Frame construction and natural gas heat
- Year built 1894, with major updates including all new plumbing, electrical, mechanicals, and finishes
- Work completed over nearly 6 years with architectural plans and city permits
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in-ready, fully permitted two-unit building with extensive new systems and finishes throughout, plus an oversized basement.
Where is this duplex located?
The property is located at 848 N Latrobe Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $485,990.
What are key features of this property?
This property features: Rebuilt two‑unit property with Frame construction and natural gas heat; Year built 1894, with major updates including all new plumbing, electrical, mechanicals, and finishes; Work completed over nearly 6 years with architectural plans and city permits
