$239,900

Estimated payment $1,565/month

Total Views 39
8 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Clubhouse
  • Community Pool
  • Forced Air Heating System
  • Property is near a park
  • Enclosed Patio or Porch
  • Ceiling Fan

About This Home

BEST DEAL IN THE NEIGHBORHOOD - LEGAL 3 UNIT BUILDING IN THE MIDDLE OF EVERYTHING W/STABLE MONTH-TO-MONTH TENANTS IN UNIT #1 & UNIT #2. AMAZING OPPORTUNITY FOR AN OWNER OCCUPANT TO MOVE INTO THE VACANT JUST REMODELED TOP FLOOR UNIT #3 W/NEW PAINT, KITCHEN & BATH + BONUS FINISHED ATTIC ROOM (EXTRA BEDROOM or HOME OFFICE) & ATTIC STORAGE. *** PRO FORMA SHOWS OWNER OCCUPANT MAY BE ABLE TO PAY LESS THAN $750 A MONTH ON A 5% DOWN MORTGAGE AT PREVAILING RATES TO OWN THIS WHOLE BUILDING & LIVE IN THEIR OWN 3 BEDROOM UNIT. THIS IS A DON'T WALK ... RUN OPPORTUNITY NOT TO BE MISSED. *** INVESTOR STATS: 2 UNITS RENTED TO LONG TERM TENANTS ON MONTH TO MONTH LEASES. $700 FOR UNIT #1 & $1,450 FOR UNIT #2. VACANT UNIT #3 IS READY FOR IMMEDIATE MOVE-IN & SIMILAR FINISHED UNITS COMMAND ~$1,200. GROSS RENTS= $40,200 / EXPENSES=$16,496 / NET REVENUE=$23,704 / CAP RATE=10.09 / GRM=5.84 *** UNIT #2 REMODELED W/NEW KITCHEN, NEW WINDOWS, NEW FLOORING, NEW FURNACE & NEW HOT WATER HEATER IN 2016. BUILDING FEATURES NEWER ELECTRICAL SERVICE & BREAKER BOXES. SIDING, CONCRETE PAD IN PARKING AREA & SEWER LINE OUT TO STREET = 9 YEARS NEW. ROOF = 15 YEARS NEW. *** LIVE/INVEST IN THE HEART OF CHICAGO'S NEW CITY / BACK OF THE YARDS AREA W/EVERYTHING YOU NEED JUST MINUTES AWAY. *** DAVIS SQUARE PARK JUST A FEW BLOCKS AWAY W/SPORTS FIELDS, WALKING PATHS & GREEN SPACE & SHERMAN PARK ABOUT 5 MINUTES AWAY W/A BEAUTIFUL LAGOON, RECREATION CENTER & LANDSCAPED GROUNDS. *** SHOP AT NEARBY PETE'S FRESH MARKET ON 47TH, CERMAK FRESH MARKET ON PULASKI & LA HACIENDA PRODUCE FOR LOCAL SPECIALTIES. *** ENJOY POPULAR RESTAURANTS & CAFES SUCH AS BACK OF THE YARDS COFFEEHOUSE, NANDO'S TAQUERIA, LA CECINA, EL FAROL MEXICAN RESTAURANT, THE FAMOUS LOS COMALES & SO MUCH MORE. *** GET EVERYWHERE FAST: ~7 MINUTES TO I 90/94 DAN RYAN & ~10 MINUTES TO I 55. NEARBY TO CTA BUS ROUTES & THE 47TH STREET GREEN LINE STATION. ~15 TO 20 MINUTES TO DOWNTOWN & ~12 MINS TO MIDWAY AIRPORT. *** INCREDIBLE VALUE, CONVENIENCE & ACCESS FOR OWNER OCCUPANT LOOKING FOR AN AFFORDABLE UPDATED HOME & INCOME OR AN INVESTOR SEEKING STRONG RENTS & UPSIDE. *** PRO FORMA AVAILABLE UPON REQUEST - EASY TO SEE - SCHEDULE TO SEE TODAY - WON'T LAST LONG!

Listing Agent

Christopher Waldbuesser

United Real Estate-Chicago License #475113487 Listed on: 12/13/2025

United Real Estate-Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,632

Year Renovated

  • 2025

Lot Details

  • 2,614 Sq Ft Lot
  • Wood Fence
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Window Screens
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Alley Access
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • Property is near a park

Community Details

Recreation

  • Community Pool

Building Details

  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $5,400
  • Professional Management Expense $720
  • Water Sewer Expense $3,000
  • Gross Income $40,200
  • Net Operating Income $23,704

Additional Features

  • 3 Units
  • Clubhouse

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,632

Year Renovated

2025

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 720
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2025
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Basement: Crawl Space
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
  • Room Type: Enclosed Porch
  • Window Features: Screens
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • Construction Materials: Vinyl Siding, Frame
  • ExteriorFeatures: Lighting
  • Fencing: Wood
  • Foundation Details: Concrete Perimeter
  • OtherStructures: None
  • Patio And Porch Features: Patio, Porch
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Alley, Off Street, Alley Access, Yes, Owned
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Clubhouse, Park, Pool, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 3000
  • Other Expenses $: 1344
  • Trash Expense Year: 2024

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 2976
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 23704
  • Fuel Expense: 1200
  • Insurance Expense: 5400
  • ElectricExpense: 1200
  • GrossIncome: 40200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3632
  • Tax Year: 2024
  • Tax Exemptions: None

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2025 12/13/25 For Sale $239,900 +224.2% --
12/22/2014 12/22/14 Sold $74,000 -13.9% -- View Prior Sale
12/07/2014 12/07/14 Pending -- -- --
11/11/2014 11/11/14 For Sale $85,900 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12530647

Midwest Real Estate Data (MRED)