5039 Spruce St

Property Description

Not finding a single family home that meets your needs? Try this house hack: Live in the 3bd/3ba bilevel unit of this absolutely gorgeous, newly renovated triplex and let the $3,300 in rents from the other units cover half the mortgage. And you won’t be living in a boring, rental-grade box: This may be our favorite triplex yet from this developer known for sleek Euro-inspired style, efficient design, high-end finishes and a great eye for detail that make full occupancy a breeze. Each unit has eco-friendly mini-split heating and cooling and features beautiful yet super-durable engineered wood flooring; a whitewashed exposed brick wall; LG frontloading laundry; stylish kitchens with Whirlpool stainless steel appliances, quartz countertops, woodgrain flat-front cabinetry and undermount stainless sinks with gooseneck faucets; bedrooms with great closet space, natural light and cleverly placed sconces; and bathrooms decked out with charcoal-hued porcelain tile, storage vanities, dual showerheads and frameless glass shower doors. Your option for an owner’s unit (currently rented for $2,125) is the bilevel 3bed/3bath that can be vacant with 60 days’ notice. This layout has an eat-in kitchen, two bedrooms, a hall bath and exclusive access to the large rear patio upstairs and a large living room, second full bath, laundry closet and a large bedroom with en suite bathroom in the finished lower level. The two upper units are each 2bed/2bath apartments rented for $1,650; they feature different, equally appealing layouts that both offer open-floorplan living space and two sets of windows with extra-deep sills. The building is completely electric and separately metered for easy management. Community greenspace is nearby not just at Malcolm X Park but Cedar and Clark parks too, and the best of Baltimore Ave and the 52nd St corridor are at your fingertips. The full 10-year tax abatement has been approved.

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