Discover an incredible investment opportunity at 441 E 42nd Street, a classic Chicago greystone nestled in one of the city's most sought-after and historic neighborhoods. Recently updated in 2021. Perfectly positioned just minutes from downtown, Lake Shore Drive, and an abundance of shopping, dining, and entertainment options, this property offers both convenience and long-term value. This expansive three-unit building boasts over 4,000 square feet of above-grade living space, presenting endless possibilities for investors and homeowners alike. Whether you're looking to maintain it as a high-performing multi-unit property, live in one unit while generating rental income, or de-convert the entire building into a stunning single-family residence, the flexibility here is unmatched. The first-floor unit duplexes into the basement, offering the unique opportunity to create a spacious two-level owner's unit or incorporate a private in-law suite. With its grand greystone architecture, generous layout, and prime location, this property is truly an investor's dream. Don't miss your chance to own a piece of Chicago history with unlimited potential to customize, expand, and maximize returns. Property being sold AS-IS.
— the listing agent’s description
The home
7 beds
4 baths
Built in 1882
0.09-acre lot
Two to Four Units
What it’ll cost
$10,889 taxes / yr
No HOA
26 days on dwello
Estimated monthly payment
$4,547/mo
Principal & interest$3,451
Property taxes$907
Homeowners insurance$189
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.