6311 N Lakewood Avenue, Chicago IL 60660
$699,900

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Property Description

Opportunity awaits in the heart of Edgewater! Owned and occupied by the same family for nearly 50 years, this legal 2-flat offers incredible potential for investors, rehabbers, and buyers looking to create their dream home. This solid masonry building features two spacious units, each offering 3 bedrooms and 1 bathroom, situated on an extra-wide lot. Additional highlights include a full basement with shared laundry, a 2-car garage, and an additional exterior parking space. Notable updates include a water heater replaced in 2018 and windows replaced within approximately the past 10 years. Whether you're looking to renovate and maintain a classic income-producing two-flat, create a spacious duplex-down owner's unit, explore a potential 3-unit conversion, or transform the property into a grand single-family residence, the possibilities are plentiful! All improvements and conversions are subject to applicable zoning requirements and city approval. Ideally located near the CTA Red Line, public transportation, Loyola University Chicago, lakefront beaches, neighborhood parks, and an abundance of restaurants, cafes, and shopping, with convenient access to Lake Shore Drive and major expressways. A rare opportunity to bring new life to a longtime family-owned property in one of Chicago's most desirable lakefront neighborhoods. Sold as-is. Bring your vision and make this property your own!

Features & Information

Key Details

  • List Price $699,900
  • Property Taxes $1,896
  • Year Built 1908
  • Status New
  • List Market Time 2

Units

  • Unit 1

  • Floor 1
  • Rooms 7
  • Beds 3
  • Baths 1
  • Appliances Stove, Refrigerator, Range Hood
  • Rent $0/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 0
  • Unit 2

  • Floor 2
  • Rooms 7
  • Beds 3
  • Baths 1
  • Appliances Stove, Refrigerator, Range Hood
  • Rent $0/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 0

Exterior Features

  • Parking

  • # of Cars:  3

Building Information

  • Number of Units 2
  • Age of Building 100+ Years

Location

  • County Cook
  • Township Lake View
  • Corporate Limits Chicago
  • Directions to Property North On Broadway, West On Rosemont Ave, Then North On Lakewood Ave
  • Schools

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

  • Tax 1895.84
  • Tax Year 2025
  • Tax Exemptions Homeowner,Senior,Senior Freeze
  • Parcel Identification Number 14051060120000

Listed by Cinny Chui for Century 21 Realty Associates | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/1/2026 3:32 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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