$209,000
Est. payment /mo
Active
8944 S Burley AVE Chicago, IL 60617
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UPDATED:
01/05/2025 07:59 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12211749
Maintenance Fees $2,792
Year Built 1900
Annual Tax Amount $12,522
Tax Year 2023
Lot Dimensions 25X125
Property Description
Great Investment Opportunity - Two Buildings on One Lot in South Side Chicago This is a fantastic investment opportunity with two fully occupied buildings on the same lot, offering a total of five rental units with the potential to add a sixth unit or in-law suite in the basement. Located on a quiet street in the south side of Chicago, this property is an excellent choice for investors looking for steady income in a convenient location close to highways, public transportation, shopping, and schools. The front building features two units, each with two bedrooms and one bathroom. The basement of this building also holds potential for conversion into a third unit, further increasing rental possibilities. The back building consists of three separate units: one with three bedrooms and one bathroom, and two additional units, each with two bedrooms and one bathroom. With the demand for rental properties in this area, this property offers a steady stream of income. With its affordable price, high occupancy rate, and potential for future growth by converting the basement into another rental unit, this property presents an excellent investment opportunity. Its proximity to key amenities such as public transportation, highways, shopping centers, and schools makes it an even more attractive choice for tenants. Don't miss out on this opportunity to expand your real estate portfolio with a solid, income-producing property. Contact today for more details or to schedule a tour.
Location
State IL
County Cook
Area Chi - South Chicago
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
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Listed by Tatyana Kukso • Realty Advisors Elite LLC