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Fred Venturini

[email protected] +1(618) 322-9764

$ 1,125,000

Est. payment -/mo

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Active Under Contract

1322 W Barry AVE Chicago, IL 60657

8 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12595065

Style Greystone

Bedrooms 8

Year Built 1897

Annual Tax Amount $17,077

Tax Year 2024

Lot Dimensions 25x125

Property Sub-Type Two to Four Units

Property Description

***MULTIPLE OFFERS RECEIVED -- We respectfully request HIGHEST & BEST OFFER no later than MONDAY 4/13 by 3:00pm, no escalation clauses*** A RARE chance to own a timeless piece of Chicago history in one of the city's most sought-after neighborhoods. This striking 1897 greystone 3-flat is perfectly positioned on a quiet, tree-lined block just a few minutes from the buzz of the SOUTHPORT CORRIDOR and all the dining, nightlife, and energy along Belmont & Clark. ***Fully leased and meticulously cared for by the same owner for the past 30 YEARS, this building presents FLEXIBLE OPPORTUNITIES for a variety of buyers. Owner-occupants can live in one unit while offsetting their mortgage with rental income from the others. End-users and rehabbers can bring their design vision to update units and maximize rents. Developers will appreciate the solid 1897 construction and potential for condo conversion or a single-family home transformation. Or, turn this timeless beauty into a multi-generational home for decades to come. ***The classic greystone charm is complemented by TIMELESS architectural DETAILS, generous 10ft ceiling height and original built-ins, along with modern peace of mind including a BRAND NEW ROOF (2025), well-maintained exterior, and refreshed entry & common hallways. ***The property also features a 2-car GARAGE (each leased for $175/month), back yard, basement laundry room and additional common storage space. ***This A+ location offers easy access to public transportation, grocery stores, Southport shops, walk to Wrigley, plus an endless array of bars and restaurants, along with convenient access to the lakefront. With immediate rental income and STRONG UPSIDE potential, this VINTAGE GEM delivers the perfect combination of history, location, and flexibility. Truly a rare opportunity in one of Chicago's most beloved neighborhoods. (Please see additional documents tab for lease info, apartment/parking rent roll & operating expenses. Note the property is being sold AS-IS)

Location

State IL

County Cook

Area Chi - Lake View

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Burley Elementary School

Middle Schools Burley Elementary School

High Schools Lake View High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Nancy Gaspadarek of @properties Christie's International Real Estate

Nearby School & Business

Fred Venturini

Broker | License ID: 475.179117

+1(618) 322-9764

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