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USAILElmwood Park2631 N 74Th Ave
Listing image | Image 1

2631 N 74Th Ave, Elmwood Park, IL

House

For Sale

Listed price in listed location currency (USD).
$799,000

652

MLS® 12767898

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $13,244
Days Active 1
Lot Size 
Approx. Age 1962
MLS® Number 12767898

Property Address: 2631 N 74th Ave, Elmwood Park, IL, 60707-1900

Average square foot calculated using Size range provided by listing agent.

Description

Mid-Century Modern four-unit property in a highly desirable Elmwood Park location! Offering more than 5, 000 square feet of living space, this fully leased building with 100K in RECENT IMPROVEMENTS presents an outstanding sole investment or owner-live-in opportunity! The current rent roll includes Unit 1 at $1, 995 per month, Unit 2F at $1, 350, Unit 2R at $1, 250, Unit G at $1, 250, and the garage at $175. GMR totals $6, 020 per month, or $72, 240 annually. The property includes six bedrooms and five full bathrooms across four apartments. Each residence has its own thermostat and individually controlled AC unit. Tenants share a basement common area and laundry room with a free, owner-owned washer and dryer. The detached garage accommodates approximately 2.5 cars and is leased separately. The building combines vintage character with thoughtful updates, including striking tiger mahogany cabinetry and stainless-steel appliances. Approximately $100, 000 in improvements have been completed since October 2024, with major investments in the property's systems. Updates include a brand-new Weil-McLain gas boiler, a new common water heater with annual service, a full electrical upgrade, sewer-main hydro jetting, camera inspection and repairs, new copper piping in the mechanical room, a new hot-water supply line to the garden unit, and a sprinkler system in the basement common area. Additional improvements include repainting, carpet cleaning, rent-ready repairs, new locks, deep cleaning, and new laminate flooring in Unit 1. Earlier improvements include tuckpointing, glass-block windows, and plumbing work. The building is also a prime value add candidate with large basement common room that can easily become a unit addition. As well as the opportunity for cosmetic upgrades to increase an impressive rent toll. Conveniently located within walking distance of the train, parks, and schools, this well-maintained income-producing property offers a compelling combination of location, vintage character, modernized building systems, and future rental upside.
MLS® Number12767898
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1962
BasementOther, Rec/Family Area, Daylight
DrivewayYes, Garage Owned, Detached, Garage
Garage Spaces
HeatNatural Gas, Steam
A/C

Extras

Price History

Last Sold Price

$725,000$725K

Appreciation

--

Avg. Days Listed

19 days

Today, For Sale for $799,000

For Sale · 0 days

$799,000

MLS® 12767898

10 hours ago

Not Sold Yet

September 2026, For Sale for $799,000

For Sale · 0 days

$799,000

MLS® 12767898

10 hours ago

Not Sold Yet

September 2024, Sold for $725,000

Sold · 19 days

$725,000$799,000

MLS® 12139156

2 years ago

Sold on Sep 6, 2024

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