Introducing a fully rehabbed 5-unit income-generating property in the vibrant Hermosa neighborhood, perfect for investors seeking a lucrative opportunity. This massive brick 3-unit building, complemented by a gut-rehabbed 2-unit coach house, offers a combination of modern amenities, high-quality finishes, and excellent rental income potential. The front building comprises three spacious apartments, each featuring 5 rooms, including 2 bedrooms and 1 bathroom per floor. The interiors are finished with beautiful hardwood floors throughout. Each unit comes with separate gas-forced heating GFH & central AC systems and individual hot water tanks.. The kitchens are fully updated with 42-inch white cabinets, stainless steel appliances, and in-unit dishwashers. A tall, unfinished basement offers potential for further development or storage. A coin-operated washer and dryer are available in the basement, contributing to additional income. (CH1): This duplex-down unit features 3 bedrooms, 2 full baths, and a large kitchen-living room combo. The unit is equipped with in-unit side-by-side washer and dryer, providing a highly desirable amenity for tenants. (CH2): A cozy 1-bedroom, 1-bath apartment with a living room-kitchen combo. Both the main building and the coach house have undergone extensive renovations, including: New Electrical Systems: Updated with in-unit circuit breakers. Plumbing: New copper pipes throughout. Recently replaced. New GFH & Central AC systems and hot water tanks. All units feature new, modern kitchens and bathrooms. The coach house alone adds an impressive $3,400 per month to the property's total monthly income of $8,275, making this a true money maker. This property is a rare find, offering both immediate cash flow and long-term appreciation potential. With its prime location in Hermosa, high-quality renovations, and stable tenant base, this is an investment opportunity not to be missed.
Multi-familyProperty Type
1907Year Built
3,049 sq ftLot Size
Listed by Arden Fowler• Berkshire Hathaway HomeServices Chicago
Bought with Arden Fowler• Berkshire Hathaway HomeServices Chicago
Excellent opportunity to own a solid, brick, multi-family building in the Hermosa neighborhood. These asset consisting of 2 buildings with a total of five (5)units. The front building has 3 spacious units and a coach house with two units. Updated electrical and plumbing throughout the coach house. All units have central heat and updated furnaces and hot water tanks. The unit layout includes three (2) two bedroom, one (1) bathroom units, one (3) three bedroom, (2) two bathroom unit and one (1) one bedroom, one bathroom unit. All tenants pay their own utilities and are on a month to month leases. Currently, management has maintained a solid base of tenants and there is room for rental growth. This is an excellent opportunity to acquire an investment asset in a rapidly changing neighborhood.
MRED as Distributed by MLS Grid #10025274
Oct 3, 2018
Listing Removed
—
Aug 22, 2018
Price Changed
*
Jul 20, 2018
Listed (New)
*
MRED as Distributed by MLS Grid #07353199
Feb 11, 2010
Sold (MLS) (Closed Sale)
$89,100
Dec 8, 2009
Contingent
—
Dec 1, 2009
Price Changed (Price Change)
$89,100
Oct 9, 2009
Listed (New)
$162,950
MRED as Distributed by MLS Grid #07286282
Oct 15, 2009
Listing Removed
—
Sep 16, 2009
Price Changed (Price Change)
*
Aug 26, 2009
Price Changed (Price Change)
*
Jul 30, 2009
Listed (New)
*
MRED as Distributed by MLS Grid #07027596
Mar 2, 2009
Listing Removed
—
Jan 22, 2009
Price Changed
*
Sep 18, 2008
Listed
*
MRED as Distributed by MLS Grid #06447714
May 8, 2007
Listing Removed
—
Mar 20, 2007
Listed
*
MRED as Distributed by MLS Grid #06401941
Mar 20, 2007
Listing Removed
—
Feb 5, 2007
Listed
*
Public Records
Dec 15, 2005
Sold
$540,000
Public Records
Jul 25, 2005
Sold
$420,000
Public Records
May 23, 2002
Sold
$330,000
Year
Property tax
Land + Additions
Assessment*
2023
$9,216 (+2.6%)
$6,500 + $37,023
$43,523
2022
$8,982 (+2.3%)
$6,500 + $37,023
$43,523
2021
$8,781 (+12.9%)
$6,500 + $37,023
$43,523
2020
$7,775 (−6.2%)
$4,062 + $30,714
$34,776
2019
$8,286 (−2.0%)
$4,062 + $37,033
$41,095
2018
$8,451 (−12.8%)
$4,062 + $38,722
$42,784
2017
$9,690 (+7.5%)
$3,575 + $41,439
$45,014
2016
$9,016 (+9.3%)
$3,575 + $41,439
$45,014
2015
$8,248 (+15.1%)
$3,575 + $41,439
$45,014
2014
$7,168 (+2.0%)
$3,250 + $35,386
$38,636
2013
$7,026 (+1.3%)
$3,250 + $35,386
$38,636
2012
$6,933 (−5.1%)
$3,250 + $35,386
$38,636
2011
$7,306 (−0.4%)
$4,550 + $40,533
$45,083
2010
$7,336 (−4.8%)
$4,550 + $40,533
$45,083
2009
$7,709 (+46.7%)
$4,550 + $44,886
$49,436
2008
$5,253 (+1.0%)
$5,980 + $30,640
$36,620
2007
$5,201
$5,980 + $30,640
$36,620
Tax history for 1908 N Keystone Ave
Year
Property tax
Land + Additions
Assessment*
2023
$9,216 (+2.6%)
$6,500 + $37,023
$43,523
2022
$8,982 (+2.3%)
$6,500 + $37,023
$43,523
2021
$8,781 (+12.9%)
$6,500 + $37,023
$43,523
2020
$7,775 (−6.2%)
$4,062 + $30,714
$34,776
2019
$8,286 (−2.0%)
$4,062 + $37,033
$41,095
2018
$8,451 (−12.8%)
$4,062 + $38,722
$42,784
2017
$9,690 (+7.5%)
$3,575 + $41,439
$45,014
2016
$9,016 (+9.3%)
$3,575 + $41,439
$45,014
2015
$8,248 (+15.1%)
$3,575 + $41,439
$45,014
2014
$7,168 (+2.0%)
$3,250 + $35,386
$38,636
2013
$7,026 (+1.3%)
$3,250 + $35,386
$38,636
2012
$6,933 (−5.1%)
$3,250 + $35,386
$38,636
2011
$7,306 (−0.4%)
$4,550 + $40,533
$45,083
2010
$7,336 (−4.8%)
$4,550 + $40,533
$45,083
2009
$7,709 (+46.7%)
$4,550 + $44,886
$49,436
2008
$5,253 (+1.0%)
$5,980 + $30,640
$36,620
2007
$5,201
$5,980 + $30,640
$36,620
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,250 Sq. Ft.
Year renovated
—
Sq. Ft.
1,104
Year built
1896
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
13344060450000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 12, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Property details
Interior
Additional Rooms Information
Basement Description: Unfinished
Equipment
# Of Dishwashers: 5
# Of Ranges: 5
# Of Washers: 1
# Of Dryers: 1
Unit Type 1 Information
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 3
Monthly Income: $1,650
Monthly Income Max: $1,725
Unit Type 2 Information
# of Rooms: 5
# of Bedrooms: 3
# of Bathrooms (Total): 2
# of Full Bathrooms: 2
# of Units: 1
Monthly Income: $2,250
Monthly Income Max: $2,250
Unit Type 3 Information
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,400
Monthly Income Max: $1,400
Exterior
Building Information
# of Units: 5
Building Unit Info: Smoke/Alarm Detector
Built Before 1978 (Y/N): Yes
Property Information
Property Type: Multi Family 5+
Tenancy Type: Leases
Parcel Number: 13344060450000
Lot Information
Dimensions: 25 X 125
Financial
Tax Information
Tax Annual Amount: $9,216
Tax Year: 2023
Financial Information
Finance Code: Conventional
Gross Rent Multiplier: 9.07
Total Monthly Income: $8,240
Gross Income: $8,240
Utilities
Utility Information
Electric: Circuit Breakers, Service - 101 to 200 Amps
Heating & Cooling
Heat/Ventilation: Forced Air
Cooling: Central Air
Location
Location Information
Directions: On north Keystone Ave at Cortland St
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,104
Stories: 2.0
Lot Size: 3,250 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1896
Year Renovated: —
County: Cook County
APN: 13344060450000
Home facts updated by county records on Jul 12, 2026
Other
Expense Information
Water Sewer Expense: $2,351
Water Expense Source: Actual
Electric Expense: $525
Insurance Expense: $3,342
Listing Information
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Mcauliffe Elementary School
Public PreK-8 • Assigned • 0.3mi
4/10
North-Grand High School
Public 9-12 • Assigned • 0.4mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60639
Average low and high temperatures (°F)
30
17
39
24
55
35
62
44
69
50
82
64
86
70
82
67
79
62
68
51
51
39
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
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