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$ 495,000
Est. payment | /mo
8 Beds
3 Baths
3,920 Sqft Lot
$ 495,000
Est. payment | /mo
8 Beds
3 Baths
3,920 Sqft Lot
Open House
Sat Aug 30, 12:00pm - 2:00pm
Sun Aug 31, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12454732
Bedrooms 8
Year Built 1913
Annual Tax Amount $4,642
Tax Year 2023
Lot Size 3,920 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
Investment opportunity in the vibrant Austin Neighborhood, just blocks from Oak Park! This refurbished legal 2-flat features three rental units: two 3-bedroom/1-bath units and a garden unit with 2 bedrooms and 1 bath. Each unit boasts updated bathrooms, gourmet kitchens with stainless steel appliances, and in-unit laundry. The lower-level unit has egress and ample storage, making it ideal for buyers seeking a turnkey investment. With a current garden tenant on a month-to-month lease and no leases in the vacant units 1 and 2, the income potential is substantial-estimated at $7k per month. Healthy rental comps show rents up to $2,375 for 3-bed units without parking. This property is perfect for owner-occupants or investors looking to capitalize on a strong rental market. Each unit has separate heating and in-unit washer/dryer hookups. Please note: the legality of the garden unit is not warranted by the seller.
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer, Storm 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 Cierra Thurman • Keller Williams ONEChicago