Investment Property Alert: Multi-Unit Building in South Shore Looking for a lucrative investment property? Look no further! This well-maintained multi-unit building in the South Shore neighborhood offers the perfect blend of comfortable living and steady cash flow. Property Highlights: Second Floor Unit: Features 3 bedrooms & 1 bathroom, and is currently tenant-occupied. First Floor Unit: Boasts 2bedrooms (Potentially 3 bedrooms) & 1 bathroom, and has recently been updated. Both units include a tandem bedroom. Updates: Enjoy hardwood floors throughout, underground sprinkler system, new city approved back porch (2023). There are huge eat in kitchens in both units, unit 1 has newer countertops. Basement has a great workshop space and can easily be converted to another apartment with front and rear walkout exits. The building also offers coin operated washer and dryer for additional income, with excellent storage space and storage lockers for each unit.. Exterior: The property features a fenced-in yard and a detached 2-car brick garage. This building provides an excellent opportunity to live in one unit while generating rental income from the others. Don't miss out-call today to schedule your showing!
This exceptional property is a dream investment opportunity for savvy buyers, including investors, 203K, and renovation enthusiasts. Stepping into the foyer, you will be greeted by a captivating layout. The open and spacious first floor boasts an inviting eat-in kitchen with an island, a formal dining room, a living room, and a seating area. With one bedroom on the first floor and three on the second floor, including two luxurious master bedrooms sharing a Jacuzzi-equipped master bathroom, this property offers ample space and comfort. The original hardwood flooring, wood trim, three fireplaces, and three full bathrooms add to its allure. The finished basement features a recreational room with a fully functional kitchen, perfect for hosting guests. Situated near Lake Michigan, downtown, transportation, and walkable and bike trails, this property is a gem not to be missed. The building is zoned for RM-5, with six bedrooms: 3 on the second floor, two on the first floor, and a potential additional bedroom in the basement. Sold as-is, this property presents the perfect opportunity for buyers to build walls and install a kitchen on the 2nd floor to transform it into an income-generating asset, such as an Airbnb, with some dedicated effort.
Introducing a fantastic investment opportunity with this meticulously maintained 2-flat building, perfect for those looking to live in one unit and rent out the other, or for a savvy investor seeking solid returns. The first-floor unit features 2 spacious bedrooms, a full bathroom, a moderately updated kitchen, and a large, inviting living room. A charming den allows for relaxing moments inviting in a lot of natural light. The second-floor unit mirrors the same appeal with 2 bedrooms, 1 full bathroom, an updated kitchen, a generous living room, and another sun porch-offering comfort and style on every level. The finished basement is a versatile space, complete with its own bedroom, full bathroom, living area, laundry room, and on a separate gas meter, opening endless rental possibilities or additional living space. With a 2.5-car garage providing secure parking and extra storage, this property has it all. Whether you're looking to live in one unit and rent out the others or expand your real estate portfolio, this remarkable building offers both comfort and investment potential. Don't miss out-this is an opportunity you won't want to pass up!
If you've been thinking about expanding your portfolio or starting a new business venture, now's the time to consider purchasing storefronts in Chicago's South Shore neighborhood! come check out these 3 unique storefronts including a 3 bedroom / 1 bath apartment.
Prime Investment Opportunity: Rehab a Three-Story Brick Building in a High-Demand Area! Attention Investors and Developers! Seize the chance to transform this three-story brick building into a lucrative investment. Featuring three spacious apartments, each with 3 bedrooms, 2 baths, an in-unit laundry, a formal dining room, a large living room, and a kitchen, this property offers exceptional potential. With an unfinished basement included, there's an opportunity to add a fourth unit-unstamped plans for the basement unit are available! This rehab project requires all-new finishes, doors, flooring, HVAC, plumbing, and electrical, making it an ideal canvas for investors seeking to customize a property to maximize returns. Located in a sought-after area with limited 3-bedroom, 2-bath units, this building promises strong demand and a high return on investment. Don't miss out on this unique opportunity to capitalize on a rare find. Bring your vision and expertise to create a standout property in a thriving market! Contact us today to learn more and schedule a tour of your next profitable venture!
Opportunity is knocking! Rarely available solid brick multi-unit, many possibilities near Jackson Park and the new Barack Obama Presidential Library. First floor includes large living room, formal dining room, three bedrooms, full bath, eat-in kitchen, and lots of storage in the full unfinished basement. Second floor with two (2) one bedroom units, living rooms and eat-in kitchens. Close to shopping and transportation. Building needs extensive work - bring your renovation ideas! Use caution during showings. Neither seller nor broker represent the legality of any units. Buyer should perform their own due diligence. Hurry, don't let this one get away! 7 day minimum hold for all buyer types before seller will begin to review/negotiate offers.
Beautiful brick 2 unit located on the same block where our former First Lady Michelle Obama grew up and where the Obama Library is currently being built nearby in the South Shore community. You can enjoy having access to Metra Train, CTA, local grocery stores, hospital, neighborhood Day Care Centers, Elementary and High Schools, public park that is well illuminated with water fountain, swings, tennis, basketball, football, baseball courts. Close to nearby neighboring communities such as Hyde Park where you can walk, bike or run and enjoy the lake front, visit Museum of Science and Industry, many ethnic restaurants, family parks, bookstores, shopping stores, and Trader Joes. This property has so much to offer, you can enjoy living in one unit and/or take advantage of duplex lifestyle. Lower area offers a bedroom, full bathroom, family room, second kitchen and lots of storage space. Natural lighting throughout the building, front entry hallway is bright and wide, which helps when moving furniture in or out. Owners' unit boost with pride, 2 full bathrooms, 2 large bedrooms, master suite offers walk-in closet, full updated bathroom, living room and dining room has hardwood floors, updated kitchen with walk in pantry.
Fully renovated brick 2-flat with new electrical, plumbing, windows, and furnaces. Roof approx 5 years old. 1st floor is 3BR/1BA, 2nd floor is 4BR/1BA. Kitchens feature quartz countertops and stunning tile backsplash. Bathrooms are on trend with patterned tile floors, modern new vanities and lighting, and subway tile showers. Enclosed back porches offer additional storage and flex space. The full, unfinished basement with washer dryer hookups is ready for your ideas! Extra large lot and 2 car garage complete the package. Short walk to Metra station and everything the vibrant South Shore neighborhood has to offer.
Full gut renovation on this exquisite jumbo 3 flat building. No expense has been spared as this building has been completely rebuilt from the studs all done with city plans and permits. New HVAC, New Plumbing, New Electrical, New Porch, New Windows, New Drywall, New Bathrooms, Large 42" custom cabinets with Quartz Countertops, Central A/C. Each unit is roughly 1800 sq ft with 3 bedrooms and 2 fulls baths and has in unit laundry hookups. This property is ready for any Conventional, FHA, or VA financing. FHA will go up to 770,000 on a 3 unit building. FHA will also count 75% of the rentable income in the building. These units could rent for 2200 each. This property is perfect for investors or buyers looking to generate additional income. Don't miss out on this incredible opportunity - schedule a showing today!
Renovated in 2017, this is a two unit building with garden apartment ($900/mo) + unfinished attic. Utilities have been separated out; tenants pay gas & electric. Garden unit & 2nd floor have forced heat; can be adapted to central air with existing ductwork.The first floor is on all electric heating/cooking. Privacy fence & new chain link installed. Newer roof (2017), mostly updated plumbing to copper & PVC, & breaker panels. Attic has potential to duplex up. Two laundry spaces. Stable building with stable tenants who are happy to stay. Close to Metra and plenty of bus lines. Being sold as-is. Check out the 3D tour.
Investors/Buyers: Come see this fully rehabbed Jumbo 2-flat that is on an extra wide lot on quiet, tree-lined street with loads of natural light. Building is wider and longer than most, so tons of open space in the living areas and featuring six large bedrooms, two bathrooms, two separate laundry rooms and large, open living/dining spaces. The building also features new windows, new roof, fresh tuck pointing, updated copper plumbing, & electrical. Also, each unit has pristine high-quality newly installed hardwood flooring throughout. Each also features completely remodeled kitchens with new maple cabinets, quartz countertops, & SS appliances. And, both have fully-updated baths including new toilets, sinks, vanities, lighting, new ceramic floors & tub surrounds. Both also feature forced air heat, separate new hot water heaters and in-unit washer/dryers. The basement has very high ceilings and could easily be converted into a duplex down or third unit. Large private yard with double car pad in back. Located not far from the planned Obama Library site. Come see this beauty. Vacant and easy to show, and short notice is okay. Broker-owned interest.
Location, location, location 2 Flat Brick ready for seasoned investor or first starter home. Large spacious units, oversized Living Room/Dining Room, Kitchens with extra large pantries, enlosed heated porches for office/bedroom. Plenty of closets. This buildibg is solid a gem. New Boiler/New Hot Water Heater // 2 Car Detached Garage. Close to Lake Shore Drive, Near Obama Library, University of Chicago, 20 minutes to Loop. Motivated Sellers, Easy Showings.
Welcome to a prime opportunity in historic South Shore with this beautifully rehabbed 2-unit building with 1-car garage. The property features a smart layout: one unit offers 2 spacious bedrooms + den/walk-in-closet (easily convertible to a 3 bed + den/WIC), formal living and dining rooms, and 1 bathroom. The second unit boasts 3 large bedrooms + den/WIC, a formal living room, and 1 bathroom. An unfinished basement with good ceiling height offers many possibilities. Individual utilities provide added convenience for both tenants and landlords. Completely transformed in 2021, the quality of the rehab and attention to detail truly set this property apart. Upgrades include new windows, upgraded plumbing, electrical, HVAC, cabinetry, refinished hardwood floors, tuck-pointing, privacy fence, iron gate, and more. Ideal for investors or owner-occupants, this turnkey property is cash-positive and poised for value growth. Located in a highly convenient area near multiple public transit options, Lake Shore Drive, shopping centers, beaches, and outdoor recreation. The Obama Presidential Library under construction nearby promises to further enhance property values for years to come. Additional opportunities to adjust rents to the current market rate and rent out parking make this the perfect addition to your portfolio. Priced at 10.7 GRM rate at list price.
A must-see investment opportunity! This spacious 3-flat offers excellent rental income potential. Fully rehabbed in 2018, each unit boasts 3 large bedrooms, 1.5 baths, hardwood floors, and high ceilings that enhance the bright, airy feel throughout. Updated features include granite countertops, stainless steel appliances, and stylish bathrooms, complemented by neutral tones that suit any decor. Washer/dryer available in each unit in as-is condition. The 2nd and 3rd floor units are occupied by long-term tenants on month-to-month leases, providing immediate income with room for rental increases. The 1st floor unit is vacant and available for showings. Each unit has potential for higher rents . Don't miss this fantastic opportunity, building sold as-is.
Discover this fantastic and affordable 2-unit home in the South Shore! The property boasts a spacious layout with 2 bedrooms on the second floor and 3 bedrooms on the first floor. Additionally, the first-floor unit is duplexed to an unfinished basement, offering plenty of potential for customization and additional living space. Don't miss out on this great opportunity! Please note the pictures are before the property was rent.
Building being sold "as is". 1/2 bth in basement. New windows ,energy efficient furnace and 2nd floor electric rewired.
No expense has been spared in this completely rebuilt multi unit in 74th block of South Shore. Brought down to the studs and most studs replaced. Literally to much to list that is new. I'm pretty sure the only thing that is original are the stairs and the brick. This property is ready for any FHA OR VA financing. FHA will go up to 770,000 on a 3 unit building. FHA will also count 75% of the rentable income in the building. These units will rent for 2200 each. If you live in one and rent 2 that is an additional 3,300 a month of income ( 4400 x 75% = 3300 or 40,000 a year). Put down 20% and you live in a brand new building almost for free. 7446 Luella is not your typical flip. Cornerstone Construction rebuilt this 2 unit, 3 bed 1.5 bath into a 3 UNIT, 3 BED 2 BATH IN UNIT LAUNDRY, CENTRAL A/C, 2000 square foot home for each unit. Stainless steel appliances quartz countertops, hardwood floors , recessed lighting. Newer electrical, updated plumbing and hvac, roof, drywall, lighting, floors.... everything. If you are an investor that is looking for a turn key property that you wont have to worry about for a long time this is it. put 20% down, and this thing prints cash. If you are a first time home buyer, this is a great option for you, everything is done, up to you, put the minimum down and pay very little or put 20% down and pay almost nothing, with your tenants paying your mortgage. Like anywhere in Chicago you can go from one street to the next and one can be a great street and the next, keep driving. The owner grew up in this area of Chicago and knows that this area is where you want to live and raise a family. The neighbors are great too. ****NATIONWIDE, NEW RULES AS OF AUGUST 17TH, IF YOU ARE A RENTER OR A BUYER, YOU MUST, SIGN SOME SORT OF BUYER AGENCY AGREEMENT DOCUMENT TO ENTER THE BUILDING. YOU CAN HAVE REPRESENTAION WITH A REALTOR OR REPRESENT YOURSELF, STILL NEED TO SIGN THE PAPER. NOT NEGOTIABLE. ******
Don't miss this incredible chance to own a beautiful, brick 2-unit building in South Shore! Located just 2.5 miles south of the upcoming Obama Presidential Center, this property is perfect for homeowners and investors alike. The first floor features a spacious 2-bedroom, 1-bath unit with a formal dining room. This unit is currently vacant, making it ready for you to move in or rent out right away. The second floor boasts a larger 3-bedroom, 1-bath unit. This unit is currently occupied under a one-year lease. Being rented at $1,500 per month. Washer and dryer located in basement, adding convenience for both units. Prime location to get to 90/94; Dusable LakeShore Drive, and public transportation.
Come discover the perfect blend of character and opportunity in this solid brick two-unit building with ample potential located in the bustling South Shore Area! Ideal for investors or owner-occupants. Each unit boasts its own unique charm, with the first floor featuring two spacious bedrooms and the second floor offering three generously-sized bedrooms. Both units are highlighted by oversized living rooms that flow seamlessly into separate dining rooms and eat-in kitchens, creating an inviting atmosphere perfect for entertaining. Enjoy the added convenience of an enclosed rear porch and separate utilities. For those looking to expand their living space, the unfinished basement is a hidden gem. Accessible from the first floor unit, it's perfect for duplexing, already partially framed out with a stack in place for an additional bathroom and laundry hookup. Including a large patio adjacent to the detached 2car garage within the fenced back yard, this property is brimming with amazing possibilities. Don't miss the chance, to make it your own!
Excellent investment opportunity! This spacious property features three oversized units with a total of 8 bedrooms and 3 bathrooms, offering ample living space for tenants or owner-occupants. The property also includes a 2-car garage for convenient parking. Located in a prime area, you're just minutes away from the upcoming Presidential Library, the beautiful lakefront beach, and downtown Chicago. Enjoy easy access to the Bears and Sox stadiums, making this a perfect location for sports enthusiasts. Whether you're looking to invest or find a large space to call home, this property offers the ideal combination of size, location, and potential.
***GREAT INVESTMENT PROPERTY!!!*** Brick 3 flat. Each unit has 3 bedrooms 2 full baths. Garage in rear of property. Full finished basement with bath. Can be used as an in-law apartment. Owner lives in one unit, rents out the other 2. Priced to sell.
Attractive two-unit brick flat located on a corner lot. Totally updated property with everything new including new mechanicals in both units and a two-car garage. New hardwood floors and beautiful kitchens with granite counters and glass tile backsplash. Both units feature size bedrooms and a formal dining room; the top floor has 3 bedrooms / 1 bath and the duplexdown has 5 bedrooms/ 2 full baths and two living areas. Laundry hook-up in the basement Great investment!
Fully rehabbed brick 3 unit building with a basement in law suite already built out. Each unit features New electrical, New plumbing, New HVAC, New Roof, New Windows, New flooring, as well as modern bathroom finishes. The kitchens have 42" custom shaker cabinets with a beautiful quartz countertop and a premium carrera marble backsplash. This is a perfect building for someone looking for a great cash flowing investment property or a house hack.
Calling all investors!! This is an Estate Sale, and the property is being sold as is. A brick 3unit Bungalow that gives you a formal living and dinner room with 3bedrooms on each floor. The property has been well maintained and with minor updates Back porch (2022), Roof (2011), Boiler (2011) while being serviced every year. Property is in good condition but could use some updates so please bring your ides to the table. In the heart of the SouthShore area this property will not last long, so bring best offers to the table.
This turnkey investment opportunity in South Shore is available for purchase. The newly rehabbed 4 unit building sits on a corner lot and is composed of (3) 2 bed/1 bath units and (1) 3 bed/1 bath unit. New windows, plumbing and electrical throughout. New kitchens within each unit boast new cabinetry and quartz countertops. Brand new bathrooms with beautiful tile work and ample closet space were also factored into the rehab. 1st floor units have new hardwood flooring - 2nd floor units feature original hardwood floors which have been beautifully refinished. The basement offers ample space to create a shared laundry room, and there is additional flex space that can be used for storage or other needs. This property offers easy access to Lake Shore Drive, public transportation including the Metra, and is just minutes away from the lakefront. This property is ideal for investors looking to expand their portfolio or for those seeking a multi-unit building for owner-occupied living with rental income.
The median home value in Chicago, IL is $223,000. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Chicago, IL is $223,000. Approximately 38.87% of Chicago homes are owned, compared to 48.34% rented, while 12.79% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60649 has a population of 2,722,586. Chicago 60649 is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Chicago, Illinois 60649 is $52,497. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Chicago 60649 is 34.1 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 38.2 inches per year, with 37.1 inches of snow per year.