REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

COMANDIS Residential

info@comandis.com +1(773) 453-7515

Listed by Amy Duongof Compass

Est. payment | -/mo

8 Beds

1,742 Sqft Lot

Save Virtual Tour

Est. payment | -/mo

Save Virtual Tour

8 Beds

1,742 Sqft Lot

Open House

Sun Aug 09, 4:00pm - 5:30pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Southport Corridor

MLS Listing ID 12724555

Style Victorian

Bedrooms 8

Year Built 1889

Annual Tax Amount $15,469

Tax Year 2024

Lot Size 1,742 Sqft

Lot Dimensions 25 X 72.5

Property Sub-Type Two to Four Units

Property Description

Prime investment opportunity in the heart of Lakeview's vibrant Southport Corridor. Situated on a sun-drenched corner lot (25' x 72.5'), this rare Victorian two-flat packs a surprisingly massive footprint with two light-filled, 2,000 sq. ft. duplexes offering immediate cash flow and substantial upside. Both sprawling residences feature soaring ceilings, hardwood floors, updated kitchens and baths (2018), in-unit laundry, outdoor space, and separate tenant-paid utilities for minimal owner overhead. Unit 1 is a unique 4BD + den duplex-down boasting towering storefront-style ceilings, currently on a flexible month-to-month lease at $2,800/month-ideal for an owner-occupant or investor looking to raise to market rates immediately. Unit 2 is a character-rich 4BD/2BA duplex-up featuring exposed beams and architectural pitched ceilings, leased at $3,300/month through October 2028. Located steps from Southport's top dining, boutique shopping, and multiple CTA lines. Fully turnkey with below-market rents and plenty of room to value-add. Sold strictly "as-is" with street parking only. Outdoor space on concrete patio behind building. Coach house is separately owned/pinned and not included in price. Serious buyers only; please do not disturb the tenants.

Location

State IL

County Cook

Community Park, Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Finished, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Zoned

Fireplace N

Appliance Humidifier

Exterior

Exterior Feature Balcony, Lighting

View Y/N true

Roof Type Rubber

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick,Frame

New Construction false

Schools

Elementary Schools Burley Elementary School

High Schools Lake View High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Virtual Tour https://real.vision/3124-north-southport-avenue-2?o=u

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

“Let us guide you through the real estate process of your journey from start to finish. Fill out the form to have an experienced broker contact you to discuss a no-obligation consultation. ”

+1(773) 453-7515

info@comandis.com

3124 N Southport AVE Chicago, IL 60657

COMANDIS Residential

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

MORTGAGE CALCULATOR

We would love to talk to you about this property

3124 N Southport AVE

GET MORE INFORMATION

Real Estate News, Tips & How-To Articles

What Buying or Selling a Home Gives Back to Your Community

Down Payments Are Smaller Than They’ve Been Since 2021

The Housing Market Is Stronger Than You Think

Free Account Required