Rare Greystone Multifamily Opportunity in Hot East Garfield Park! Don't miss this rarely available, fully occupied Greystone in the heart of East Garfield Park-an area experiencing strong property value growth over the past decade. This classic building features two expansive 3-bedroom + den units, along with a spacious 1-bedroom unit on the third floor, offering strong rental income potential. Zoned RM-5, the property includes a full-height basement with front and rear egress, ideal for creating a duplex-down unit or possibly adding a fourth unit (buyer to verify zoning/permit requirements). Renovated in 2010, updates include upgraded electrical systems and new flooring in two of the units. Both the first and second floors feature large private decks, and the oversized backyard offers flexibility for tenant parking or the creation of a shared outdoor space. This is a value-add opportunity-some TLC is needed, and there may be existing city violations, which will be the responsibility of the buyer. This property may qualify for a community lending program as well. The property is being sold as-is, making it ideal for investors or developers looking to build long-term equity in one of Chicago's most rapidly transforming neighborhoods.

Listing Courtesy of MRED as distributed by MLS Grid of Dream Town Real Estate



Based on information submitted to the MLS GRID as of 2025-07-08 12:37 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-07-08 12:37 AM UTC
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