1610 W Jackson Boulevard Chicago, IL 60612

Single Family Residence

4 Beds

3 Baths

2,700 Sq. Ft.

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last update on 9/27/2023 2:13 PM

Listing Details

Unique Investment and Living Opportunity in West Loop! Nestled in the coveted West Loop neighborhood, this classic brick single-family home effortlessly combines historic charm and modern enhancements. Boasting 4 bedrooms and 3 bathrooms, it caters to both investment and comfortable living needs.... Further adding to its allure, the property features a separate lower-level garden unit apartment that generates supplementary income. This residence presents a captivating opportunity for those seeking a prudent investment or a welcoming living space, seamlessly bridging heritage and contemporary elements in perfect harmony. Upon entering, you'll be captivated by the restored cornice and the rich character exuded by this classic home. Inside, a seamless fusion of vintage elegance and updated amenities awaits. Original trim and woodwork adorn the interior, while the graceful grand staircase serves as an elegant centerpiece. Oversized windows bathe the space in an abundance of natural light, enhancing the inviting atmosphere. The main level showcases newer white-washed wide plank hardwood flooring, adding a touch of sophistication to the living spaces. Step outside, and you'll be greeted by a picturesque yard and patio, offering an ideal setting for hosting gatherings or simply unwinding. Recent enhancements include a fully renovated kitchen and first-floor bathroom, along with a brand-new HVAC system, newer hot water heater, and upgraded electrical service panel, ensuring both comfort and peace of mind. One of the standout features of this property is the separate lower-level garden unit apartment, which is currently rented for added income. This space offers two private egresses, providing convenience and privacy for tenants. The basement unit also features painted concrete floors and exposed brick walls Alternatively, the option to de-convert the basement unit into additional living space opens up exciting possibilities for customization. Generating impressive returns, your investment potential soars with a proven history of success. The current owner has leveraged Airbnb, with a 2022 annual gross revenue of $53,000, utilizing the property's charm and strategic location to attract guests. In addition to the main house's Airbnb potential, the basement unit contributes around $1,400 per month in rental income, and an additional $3,000 is earned from signage annually. Situated for success, this property enjoys easy access to transportation options, including the Ashland Pink and Green Line, the Blue Line, and the Jackson Bus. The flourishing Illinois Medical District and Rush University are just moments away. With proximity to the finest bars, restaurants, entertainment venues in the West Loop, and even the United Center, guests and tenants alike will relish in the unmatched convenience and vibrancy of the location. Seize this unique opportunity to own a slice of West Loop history while enjoying substantial investment returns. Whether you're seeking a home that pays for itself, an Airbnb gem, or a versatile income-producing property, this West Loop residence promises a harmonious fusion of history, comfort, and prime location. Continue reading

MLS#

11884367

Property Type

Single Family

Bedrooms

Bathrooms

3 Full

Square Feet

2,700 sq. ft

Sewer

Public Sewer