2631 N 74th Avenue, Elmwood Park, IL 60707
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2631 N 74th Avenue,Elmwood Park, IL 60707
$799,000
- 6 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: mehdi mova
Office: compass
MLS#:12767898
Source:MLSNI
Price summary
- Price:$799,000
About this home
Mid-Century Modern four-unit property in a highly desirable Elmwood Park location! Offering more than 5,000 square feet of living space, this fully leased building with 100K in RECENT IMPROVEMENTS presents an outstanding sole investment or owner-live-in opportunity! The current rent roll includes Unit 1 at $1,995 per month, Unit 2F at $1,350, Unit 2R at $1,250, Unit G at $1,250, and the garage at $175. GMR totals $6,020 per month, or $72,240 annually. The property includes six bedrooms and five full bathrooms across four apartments. Each residence has its own thermostat and individually controlled AC unit. Tenants share a basement common area and laundry room with a free, owner-owned washer and dryer. The detached garage accommodates approximately 2.5 cars and is leased separately. The building combines vintage character with thoughtful updates, including striking tiger mahogany cabinetry and stainless-steel appliances. Approximately $100,000 in improvements have been completed since October 2024, with major investments in the property's systems. Updates include a brand-new Weil-McLain gas boiler, a new common water heater with annual service, a full electrical upgrade, sewer-main hydro jetting, camera inspection and repairs, new copper piping in the mechanical room, a new hot-water supply line to the garden unit, and a sprinkler system in the basement common area. Additional improvements include repainting, carpet cleaning, rent-ready repairs, new locks, deep cleaning, and new laminate flooring in Unit 1. Earlier improvements include tuckpointing, glass-block windows, and plumbing work. The building is also a prime value add candidate with large basement common room that can easily become a unit addition. As well as the opportunity for cosmetic upgrades to increase an impressive rent toll. Conveniently located within walking distance of the train, parks, and schools, this well-maintained income-producing property offers a compelling combination of location, vintage character, modernized building systems, and future rental upside....
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Home facts
- Year built:1962
- Listing ID #:12767898
- Updated:September 28, 2026 at 08:19 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:15
Heating and cooling
- Heating:Natural Gas, Steam
Structure and exterior
- Year built:1962
Schools
- High school:Elmwood Park High School
- Middle school:Elm Middle School
- Elementary school:John Mills Elementary School
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,000
- Tax amount:$13,244 (2022)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:2.5
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