6311 Lakewood Ave

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!