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About This Home
This 8-bedroom, 3-bathroom residential multi family at 5756 S Princeton Avenue in Chicago, IL is listed for $254,000. Built in 1888, on a 0.06 acres lot.
Attention Investors! Discover an incredible opportunity for investors and owner-occupants in this versatile multi-unit property. Featuring two spacious units plus a nonconforming basement AND a coach house unlocks a ton of income potential. Units 1 and 2 offer 3 bedrooms and 1 bathroom, ideal for owner-occupants, investors, or those exploring short-term rental opportunities.
Both units feature generous layouts with abundant natural light and separate utilities. A large unfinished attic offers additional storage or the potential to expand..perfect for a duplex-up conversion, studio space, or guest suite. The recently updated second-floor is tenant-occupied and complete with a new stove and stainless steel appliances.
First floor vacant unit was just re painted, new tile in bathroom and new hot water heater. Basement unit features 2 beds, 1 bath with additional den space for added storage. A fire-damaged 2-bedroom coach house presents a fantastic project for a savvy buyer.
A full gut rehab will transform this unit into a major income generator, adding tremendous value to the property. HVAC newer, Roof repairs done in 2025, new hot water tank. While there is no garage, there is ample street parking on the block. Property is being sold AS IS. Due to the condition of the coach house 203k Renovation loan or cash only
Key Features
- Built in 1888
- 0.06 acre lot
Property Details
Monthly Cost Estimate
$1,358/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5756 S Princeton Avenue
Chicago, IL 60621
Features & Amenities
Exterior Features
Property Details
Construction
Pool Features
Heating
Questions & Answers
This 8-bedroom, 3-bathroom residential multi family at 5756 S Princeton Avenue is listed at $254,000. The estimated monthly payment is $1,101 based on 20% down at 6.5% interest.
Key features include: Built in 1888, 0.06 acre lot. Exterior Features: Balcony.
This property is listed by Brittany Strale and can be reached at (773) 308-4896 or brittany.strale@redfin.com.