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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$280,000

Est. payment - /mo

7 Beds

4 Baths

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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

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

7251 S STEWART AVE Chicago, IL 60621

Garrett Johnson

Key Details

Location

Rooms

Interior

Building

Schools

Others

Nearby School & Business

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