Attention INVESTORS!!! This one can generate an estimated $33K in Annual Rental Income!! #HouseHack! You can even Finish the basement for Instant Equity! Refurbished Legal 2-Flat Graystone in the Highly desirable Woodlawn Neighborhood! First floor unit offers Three-Spacious Bedrooms and One-Bath (Currently Rented for $1,223/MO). Great Tenants! Second floor is ready for new buyer or new tenant. Renting it out prior to closing is an option. Unit offers FOUR Bedrooms and One Bathroom, Comps in the area support $1,500 for a unit this size and condition (comp: 6633 S Rhodes Ave Unit 2, Chicago, IL 60637 | MLS 11225018 | 3 bedroom comp | rented in 29 days for $1,500). Both units offer Central Heating (missing AC), Updated electrical, Plumbing, updated Kitchens, Bathrooms and new durable engineer wood floors throughout. The 2-Car Garage is currently vacant and could yield additional income. Taxes are very reasonable and can improve the Cap Rate with a homeowners exemption. Seller will consider Closing Cost Credits and/or buying down your interest rate. Property is close to highway, public transportation, U of C Hospital and Campus/Jewel/Parks, Lakefront and the future site plan for Obama Presidential Center. Great Opportunity to Buy and Hold. Build Equity while developers continue to Launch and Finish New Construction Projects in the area. FHA/VA Welcomed!! Solid Investment! Easy to show!
11611122
Residential - Multi-Family, Other
7
2
1900
Cook
0.06
Acres
Public
Stone
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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