1541 West Highland, Chicago IL 60660
$799,000

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Property Description

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!

Features & Information

Key Details

  • List Price $799,000
  • Property Taxes $8,162.12
  • Price/ Sq. Ft. Unavailable
  • Year Built 1910
  • Parking Type Garage
  • Status Pending

Rooms

  • Total Rooms 8
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  Garage Door Opener(s),Transmitter(s)

Building Information

  • Number of Units 2
  • Age of Building 100+ Years
  • Exterior Construction Frame
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Dishwasher, Microwave
  • Unit 2 Stove, Refrigerator, Dishwasher, Microwave

Location

  • County Cook
  • Township North Chicago
  • Corporate Limits Chicago
  • Directions to Property From Devon & Greenview Go South To Highland, Then Go West To 1541.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 8162.12
  • Tax Year 2023
  • Tax Exemptions Homeowner
  • Parcel Identification Number 14051020110000

Utilities

  • Sewer Sewer-Publ

Listed by George Tully for @properties Christie's International Real Estate | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/5/2025 9:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Edgewater

The Edgewater neighborhood sits directly along the shore of Lake Michigan, affording breathtaking skyline views. Renowned for its sweeping beachfronts and parks, Edgewater offers residents natural beauty with an urban backdrop. Originally developed as a summer oasis for Chicago’s high society, this lakefront community remained an illustrious playground for the elite well into the 20th century. Edgewater has preserved much of its historic past, most evident in the neighborhood’s Bryn Mawr Historic District. Like a well-preserved time capsule, this historic district is a nod to Edgewater’s roaring twenties past.

Today, Edgewater is an eclectic home to many, with a mix of high-rise buildings and complexes, single-family homes, and much more. The neighborhood is highly regarded for its antique shopping, with a variety of options for those on the hunt for their next great vintage find. The area is also known for its expansive dining options, with a variety of cuisines spanning the globe. Edgewater is a quick trip to the Loop, located just seven miles north of the city’s bustling downtown, and easily connects to the city via CTA trains, buses, and Lake Shore Drive.

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