Incredible opportunity for a savvy buyer. This well maintained 2-flat can be a turnkey investment. Or this building could be an amazing alternative in the super competitive single-family home market. Current total monthly income of $5, 750/month and a 7% cap rate. BUY IT NOW, EARN INCOME AND MOVE IN NEXT YEAR. Unit #2 is a beautifully remodeled top floor duplex that features 4 bedrooms, 2 full bathrooms ($4000/month). It's an owner's unit that truly lives like a SINGLE FAMILY HOME. The central staircase entering the unit opens to an expansive and bright living and dining room. This huge open concept living space with custom wood molding offers both flow and flexibility with plenty of room for a separate dining area, family room, office or reading nook. The first floor hallway leads to a full bathroom across from the 4th bedroom, which can easily double as a home office. The large eat-in kitchen has plenty of counter space and has been tastefully remodeled. The laundry room private to unit 2 also has plenty of storage. The second floor features three bedrooms and a full bathroom with custom cabinetry. The unit was renovated in 2013 to have modern functionality while maintaining its original charm. Unit #1 is a duplex down ($1750/month) with long-term tenants that features 2 bedrooms and 2 bathrooms. The unit entrance opens into a large living/family room. The primary bedroom is across from the first full bathroom. At the rear of the unit is a large eat-in kitchen. The lower level is a sprawling family room that the current tenants use as another bedroom with a full ensuite bathroom. TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Each unit has their own laundry room. Lots of storage! CENTRAL AC/HEAT for both units. 2-car garage. Owner has taken excellent care of the property. Both units are leased through August 2026. See additional details for projections of cash flows. With 20%+ down payment, the building will have immediate POSITIVE CASH FLOW. Buy now, earn a return, move in 2026. The location is fantastic. Close to the new Metra Station, 22 bus, CTA Red line. A fifteen minute walk down to ANDERSONVILLE and a fifteen minute walk to the lake. Cozy Corner, Devon Market, Sauce and Bread Kitchen and tons of other charming neighborhood spots are right outside your door. Welcome home!

Property Details

PRICE
$799,000
BEDROOMS
6
BATHROOMS
4
SQFT
N/A
YEAR BUILT
1910
PARKING SPOTS
2
MLS #
12371418
FULL ADDRESS
1541 1541 Highland Avenue
CITY
Chicago, IL
ZIP
60660

Listing Details

Listing Office
@properties Christie's International Real Estate
Listing Agent
George Tully
Contact
773-862-0200
Last Data Update
2025-07-28T21:31:01Z

Interior

BATHROOMS
4 Full Bathrooms

Schools

School District
299
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.

MRED Logo
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by MRED (Midwest Real Estate Data). Properties may or may not be listed by the office/agent presenting the information.

Some listings have been excluded from this website.

© 2026 At World Properties, LLC. All rights reserved

Other listings you might like

Let’s start the conversation!

Whether you’re buying, selling, or just exploring your options. I’m happy to share insights and expert guidance, no pressure, no obligations. Simply enter your contact below, and I’ll get back to you.

    By submitting this form, you acknowledge that no agency relationship is created by this submission; such a relationship requires a written agreement (Illinois Real Estate License Act of 2000). The personal information you provide will be used solely to respond to your inquiry and will not be sold or shared with third parties. See Privacy Policy for full details.

    NEWS & INFORMATION

    North Shore Market Sees Rising Competition

    The North Shore continues to see increased demand for luxury homes priced between $2 million and $3 million. Properties that once lingered on the market for six months or more are now selling within 60 days due to height...

    Read More

    Cirrus Penthouse Sale Reflects Downtown Condo Strength

    Downtown Chicago’s luxury condo market remains robust, as evidenced by the recent $4.1 million sale of a penthouse in the Cirrus condo tower. Located along the lakefront, this property offers breathtaking views and pre...

    Read More

    West Town Modern Home Highlights Buyer Preferences

    In Chicago’s West Town neighborhood, a contemporary single-family home listed at $1.5 million exemplifies the evolving tastes of luxury buyers. This five-bedroom, 3.5-bath property features modern amenities, sleek arch...

    Read More
    Office location - Ken JUNGWIRTH