Mid-Century Modern four-unit property in a highly desirable Elmwood Park location! Offering more than 5,000 square feet of living space, this fully leased building with 100K in RECENT IMPROVEMENTS presents an outstanding sole investment or owner-live-in opportunity! The current rent roll includes Unit 1 at $1,995 per month, Unit 2F at $1,350, Unit 2R at $1,250, Unit G at $1,250, and the garage at $175. GMR totals $6,020 per month, or $72,240 annually. The property includes six bedrooms and five full bathrooms across four apartments. Each residence has its own thermostat and individually controlled AC unit. Tenants share a basement common area and laundry room with a free, owner-owned washer and dryer. The detached garage accommodates approximately 2.5 cars and is leased separately. The building combines vintage character with thoughtful updates, including striking tiger mahogany cabinetry and stainless-steel appliances. Approximately $100,000 in improvements have been completed since October 2024, with major investments in the property’s systems. Updates include a brand-new Weil-McLain gas boiler, a new common water heater with annual service, a full electrical upgrade, sewer-main hydro jetting, camera inspection and repairs, new copper piping in the mechanical room, a new hot-water supply line to the garden unit, and a sprinkler system in the basement common area. Additional improvements include repainting, carpet cleaning, rent-ready repairs, new locks, deep cleaning, and new laminate flooring in Unit 1. Earlier improvements include tuckpointing, glass-block windows, and plumbing work. The building is also a prime value add candidate with large basement common room that can easily become a unit addition. As well as the opportunity for cosmetic upgrades to increase an impressive rent toll. Conveniently located within walking distance of the train, parks, and schools, this well-maintained income-producing property offers a compelling combination of location, vintage character, modernized building systems, and future rental upside.
Property Details
Price:
$799,000
MLS #:
MRD12767898
Status:
Active
Beds:
6
Baths:
5
Type:
Multi Family
Neighborhood:
elmwoodpark
Listed Date:
Sep 23, 2026
Year Built:
1962
See this Listing
Schools
School District:
401
Elementary School:
John Mills Elementary School
Middle School:
Elm Middle School
High School:
Elmwood Park High School
Interior
Heating
Natural Gas, Steam
Exterior
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
2.5
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
25
Parking Total
2.5
Financial
Tax Year
2022
Taxes
$13,244
Map
Community
- Address2631 N 74th Avenue Elmwood Park IL
- CityElmwood Park
- CountyCook
- Zip Code60707
Market Summary
Current real estate data for Multi Family in Elmwood Park as of Oct 09, 2026
8
Multi Family Listed
19
Avg DOM
$625,838
Avg List Price
Property Summary
- 2631 N 74th Avenue Elmwood Park IL is a Multi Family for sale in Elmwood Park, IL, 60707. It is listed for $799,000
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Copyright 2026. All rights reserved.
2631 N 74th Avenue
Elmwood Park, IL


