Though tear-downs and deconversions into single family homes are becoming increasingly common all across Chicago’s north side, this nicely renovated greystone in Logan Square retains its two-flat configuration. Built in 1904, the newly listed home features a bright and fully renovated second floor “owner unit” with a large rear deck and numerous upgrades. The space also sports restored original woodwork and other architectural details.
While the chic upper level makes the property an attractive place to live, the lower apartment presents potential buyers with an investment opportunity. Though not quite as luxurious as upstairs, the property’s first floor and "in-law" garden unit should rent easily and provide an income stream to help offset mortgage payments.
Currently asking $750,000, the two-flat is priced competitively with comparable properties in the area. With Logan Square experiencing a bit of a drought when it comes to residential listings, this handsome and practical home will likely go very quickly.