A strong value add opportunity for investors in Chicago's New City neighborhood. This multiunit building offers solid income potential with a 4BD/1BA second floor unit and a 3BD/1BA first floor unit, plus a full unfinished basement ideal for future expansion, storage, or additional revenue producing space. The property sits in a rental driven area with ongoing neighborhood improvements, making it a strategic choice for investors looking to reposition, rehab, or add to their portfolio. It qualifies for investor friendly financing options, including DSCR loans. All offers are welcome and subject to short sale/bank approval. Tenant occupied - tenants being conveyed with property.
— the listing agent’s description
The home
7 beds
2 baths
Built in 1903
Lot 25 X 124
Two to Four Units
What it’ll cost
$3,215 taxes / yr
No HOA
82 days on dwello
Estimated monthly payment
$1,839/mo
Principal & interest$1,489
Property taxes$268
Homeowners insurance$82
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
OtherStonePublic Sewer
Schools nearby
Sherman School of Excellence · 0.2 mi
Visitation School · 0.3 mi
Holmes Elementary School · 0.3 mi
Peace & Education Coalition Alternative High School · 0.3 mi
Libby Elementary School · 0.5 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.