Excellent investment opportunity in the heart of South Chicago! This solid 3-unit building offers strong income potential and long-term value for both seasoned investors and owner-occupants. First floor front unit offers 1 bedroom and 1 bath. First floor rear unit offers 3 bedrooms and 1 bath. While the second floor unit offers 5 bedrooms 1 and half bathrooms, living room and 2 dining rooms, or 2 living rooms and 1 dining room, your choice with the spacious layout with bright living areas. The property provides a versatile setup-live in one unit while renting out the others, or maximize cash flow by leasing all three. The building sits on a quiet, residential block and includes a large backyard space perfect for outdoor enjoyment as the property sits on 3 lots, along with convenient parking options. With separate utilities and well-proportioned units, this property is ideal for easy management and consistent rental income. The roof was done in 2018 and water heaters replaced in the last 3-5 years. Located near schools, parks, shopping, and public transportation, tenants will appreciate the accessibility and neighborhood feel. Easy access to major roadways makes commuting a breeze. In addition to the proximity of only 5 minute drive to QUANTUM SHORE which is a project that is expected to bring thousands of jobs the next decade. Whether you're looking to expand your portfolio or secure a multi-unit property with great upside, this is a fantastic opportunity you won't want to miss!
— the listing agent’s description
The home
9 beds
4 baths
Built in 1891
Lot 75 X 138.6
2-car garage
Two to Four Units
What it’ll cost
$2,953 taxes / yr
No HOA
7 days on dwello
Estimated monthly payment
$2,377/mo
Principal & interest$2,020
Property taxes$246
Homeowners insurance$111
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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
Natural GasForced AirSpace HeaterSep Heating Systems - 2+Indv ControlsFrameOtherPublic SewerYes
Schools
Elementary — Mireles Elementary School Academ
Middle — Mireles Elementary School Academ
High — Bowen High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.