4906 S Kolin Avenue Chicago, IL 60632 • Multi Unit - Multiple • New $649,900

Description

Exceptional Jumbo 2-Flat in Archer Heights | Prime Investment or House-Hack Opportunity! Welcome to this beautifully maintained, massive Jumbo 2-flat in a highly sought-after location just steps from Archer Park! Whether you are a savvy investor looking for a value-add property or an owner-occupant wanting to live in one unit while the other pays your mortgage, this meticulously kept property is exactly what you've been waiting for. Unbeatably located near Midway Airport with incredibly easy access to public transportation, orange line, and major highways, this home offers convenience, size, and immense cash-flow potential. Upper Units (Floors 1 & 2): Both the first and second-floor units boast exceptionally large floor plans featuring 3 bedrooms and 1.5 bathrooms. The layouts are perfect for entertaining or large households, offering a spacious living room, two separate dining areas, and a well-appointed kitchen. Finished Basement / In-Law Suite: This fantastic lower level operates as a massive in-law arrangement but can easily be converted into its own dedicated rental unit. It features 2 bedrooms, 1 full bathroom, a comfortable living room, kitchen, 1 separate storage bedroom. Every single unit (including the basement) features two separate entry/exit points. Whisper-Quiet Interiors: Don't let the convenience of the airport proximity deter you! The property has been outfitted with low-decibel soundproofing windows provided directly by Midway Airport. They truly work, offering incredible peace and quiet indoors. Each level (First floor, Second floor, and Basement) is equipped with its own dedicated Air Conditioning unit (3 ACs total). The building features 2 heating units and 2 water heaters (the first floor shares its heating system and water heater with the basement). An included coin-operated laundry facility is located in the basement, providing excellent, steady additional income. The property includes a fully fenced yard and a secure, detached 2-car garage. You can rent garage spaces monthly to tenants. Currently occupied by incredibly loyal, month-to-month tenants who have proudly called this property home for over 5 years and treat it like their own. Current rental rates are below market value. A new owner can easily adjust rents to current market standards for maximum ROI, or comfortably house-hack by moving into one of the massive units and renting out the rest. Situated in a wonderful, walkable neighborhood just one block away from Archer Park and highly rated local schools. Commuting is an absolute breeze with lightning-fast access to I-55, CTA transit options, and Midway Airport. This is a rare opportunity to own a meticulously cared-for jumbo property with endless potential. Schedule your showing today before it's gone! Property is Sold ASIS.

Property Highlights