Lincoln Park multi-unit that is easily converted to a single-family home with minimal modifications or leave as is for nanny/in-law arrangement. Located in the highly sought-after Oscar Mayer School District, this gorgeous and updated property offers incredible versatility by transforming into a 4-bedroom, 5-bathroom single-family home or live comfortably in the spacious owner's unit while generating rental income. Currently configured as a 2-flat, the owners unit spans the top two floors, offering 3 bedrooms and 3 full baths, completely remodeled within the last decade with high-end finishes throughout. The chef's kitchen is a showstopper, featuring custom cabinetry, a walk-in pantry, and top-of-the-line appliances, including a Sub-Zero refrigerator, 6-burner Thermador cooktop, oven, and dishwasher. The oversized island makes it perfect for entertaining. A newly installed family room fireplace with a sleek marble surround adds warmth and elegance. Upstairs, you'll find three spacious bedrooms, including a primary suite with a walk-in closet and a spa-like en-suite bath featuring an oversized shower, skylight, and dual vanity. A side-by-side laundry room is conveniently located on this level, and a third full bath is on the main floor. The owner currently occupies this space, but market rent is estimated at $7, 000-$8, 000/month. The lower-level unit is a completely renovated 1-bed, 2-bath apartment, featuring a new kitchen, bathrooms, flooring, and fireplace. The long-term tenant, in place since 2020, is on a month-to-month lease at $2, 395/month, well below the estimated market rent of $2, 700-$2, 800/month. The unit includes in-unit laundry, and the tenant pays their own utilities. Additional Highlights include a heated 2-car garage with Trex rooftop deck, a whole-house generator servicing both units, and three HVAC systems (one per floor) for maximum efficiency. Whether you enjoy the flexibility of rental income or convert it into your dream single-family home, this is a great home in Lincoln Park!

Property Details

PRICE
$1,575,000
BEDROOMS
3
BATHROOMS
5
SQFT
3200
YEAR BUILT
N/A
PARKING SPOTS
2
MLS #
12323163
FULL ADDRESS
1342 1342 Webster Avenue
CITY
Chicago, IL
ZIP
60614

Listing Details

Listing Office
@properties Christie's International Real Estate
Listing Agent
Sharon O'Hara
Contact
773-472-0200
Last Data Update
2025-05-15T08:43:38Z

Interior

BATHROOMS
5 Full Bathrooms

Schools

School District
299
Elementary School
Oscar Mayer Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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