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Garrett Johnson

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

$599,999

Est. payment - /mo

8 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 12693528

Bedrooms 8

Year Built 1928

Annual Tax Amount $8,337

Tax Year 2024

Lot Dimensions 3125 SQ FT

Property Sub-Type Two to Four Units

Property Description

Fully renovated in 2022, this turnkey all-brick 4-unit in Chatham is a rare owner-occupant house-hacking opportunity. The building offers four spacious 2-bedroom, 1-bathroom units, each rehabbed in 2022 with updated kitchens, baths, mechanicals, and finishes, leaving no deferred maintenance. Three units are currently leased and producing approximately $4,500 per month in income, with one vacant unit ready for an owner-occupant to move in and house-hack from day one, projected at $1,500 per month. Each unit is separately metered, with tenants responsible for their own utilities, keeping owner expenses low and cash flow strong. As a 4-unit primary residence, owner-occupant buyers may qualify with as little as 5% down, and lenders can count a portion of the existing and market rents toward qualifying income, increasing buying power. Additional features include a full unfinished basement offering storage and expansion potential, natural gas heat, and a 2-car garage. Conveniently located near the 87th Street Red Line and Metra Electric, offering quick access to transit, shopping, and the Dan Ryan. Move into the vacant unit, let the other three cover your mortgage, and start building wealth on Chicago's South Side.

Location

State IL

County Cook

Area Chi - Chatham

Rooms

Basement Unfinished, Full, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, 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 Skyler Lemons of EXIT Strategy Realty

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

456 E 87th PL Chicago, IL 60619

Garrett Johnson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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