Half_logo

Find Chicagoland Homes near Transit

Staticmap?markers=41.734188,-87

Add to Favorites Schedule Showing


Click Here to Register and see this property's address

CHICAGO , IL 60620

8 Beds, 0.0 Bath(s) $289,000


Property Type: MU


Parking: none


Laundry: in-building


Neighborhood: Gresham


School District(s): Jackson, M.


Broker reciprocity copy
Remarks - Each unit has been well kept & updated throughout the years. It has been owner occupied for the last 15 years. Each unit has 2bedrooms and 1bath with a living room & dining room combo. Owner has consistently been able to keep solid tenants. Section 8 has approved $1100 for 2 bedroom vouchers & $890 for 1 bedroom vouchers. Conservatively speaking, this building should cash flow $3600/mo with minimal expenses and the ability to build out 2 garden studio units for additional income. Currently the building is fully occupied with an owner occupant. The Metra is 1 block away, an owner can ride in to downtown very easily! New owner can come in with a basic FHA loan, rent out the garage and have a net cash flow above $1700.00 per month. Again, add $20K to your take home income with this simple 4 unit building after your mortgage. $10K down payment can turn in to $20K extra per year!!!! How is that for an annual raise!!! 2 car garage for extra income as well.

Listing courtesy of Dream Spots Leasing Inc. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. ©

Copyright © 2017 Midwest Real Estate Data LLC

Information deemed reliable but not guaranteed.