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$280,000
Est. payment /mo
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12698016
Bedrooms 7
Year Built 1893
Annual Tax Amount $1,160
Tax Year 2023
Lot Dimensions 2950
Property Sub-Type Two to Four Units
Property Description
Excellent investment opportunity! This previously rehabbed 3-unit building, updated in 2019, is the perfect addition to an investor's portfolio or an ideal opportunity for an owner-occupant looking to reduce housing costs with rental income. Currently generating approximately $3,400 per month in rental income, this property offers strong cash flow potential. The building features updated kitchens, modern spacious bathrooms, newer flooring, newer HVAC systems, and updated lighting throughout, making it truly move-in ready. The first-floor unit offers a spacious living room, formal dining room, updated kitchen, and a convenient mudroom. The second-floor unit features a generous living room, formal dining room, 3 bedrooms, and 1.5 bathrooms. The finished basement expands the possibilities with an additional kitchen, 2 full bathrooms, and 2 additional bedrooms, providing flexible living space. Outside, enjoy a spacious backyard with the unique opportunity to purchase the adjacent lot for just $1 through applicable programs, subject to eligibility and municipal approval. Conveniently located near public transportation, shopping, schools, and everyday amenities, this property offers both value and versatility. Whether you're looking to grow your investment portfolio or occupy one unit while collecting rental income, this is an opportunity you don't want to miss. Property is being sold As-Is. Schedule your private showing today!
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Nikki Kimsey of Keller Williams Preferred Rlty