View All Chicago IL Turnkey Rental Homes Listings

$999,000
12691669 MLS ACTIVE Status
This premium investment opportunity presents a turnkey banquet hall or restaurant. Spanning 5,300 square feet, the property has undergone an extensive renovation down to the studs to offer a refined, modern aesthetic throughout. The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems. Designed for maximum versatility, the space is a staple for private parties and community events alike. Guests will appreciate the contemporary styling, five flat-screen televisions, and elegantly designed facilities, including a dedicated employee bathroom, a four-stall women's restroom, and a two-stall men's restroom with all-new fixtures. While the venue is currently a sought-after destination for weekend rentals, significant upside potential exists to maximize profit. A new owner could expand operations by booking weekday events or utilizing the high-capacity commercial kitchen as a restaurant or "ghost kitchen" during non-event hours. The kitchen is fully prepared for high-volume operations, featuring a walk-in cooler, walk-in freezer, commercial stove, grill, deep fryer, and exhaust fan. Additional assets include a heating table, dishwasher, and a complete inventory of china, tableware, and server ware. The venue is move-in ready with 25 tables and approximately 130 chairs. Conveniently located, the property offers five private parking spaces at the rear with an abundance of public parking directly in front. With ongoing bookings already on the calendar, this is an exceptional chance to acquire a fully modernized facility designed for immediate and scalable success.

5319 W Belmont Avenue, Chicago

$425,000
2 Beds 1 Baths 12691525 MLS ACTIVE Status
Location! Location! Location! Welcome to this beautifully 2-bedroom condo nestled in a classic Chicago brownstone in the heart of Old Town!! Just steps from the very best of Chicago, you're surrounded by iconic destinations including Lake Michigan, Lincoln Park Zoo, the Chicago History Museum and more. Enjoy endless dining, boutique shopping, and nightlife with easy access to it all. Flooded with natural light from the double-pane / double-hung vinyl windows and enhanced by recessed lighting throughout, the space feels bright, open, and welcoming from the moment you enter. Fully renovated in 2019, no detail was overlooked, there is so much to admire including: a completely remodeled kitchen with soft close cabinetry, quartz countertops, and stainless steel appliances. Fresh, soft neutral palette throughout with hardwood flooring to pair. A spa-inspired bathroom with a walk-in shower. Electric fireplace for a warm, contemporary touch. Tankless water heater for efficiency and convenience. Noise-reducing ceilings for peaceful living. New insulation, drywall, and upgraded mechanicals. In-unit washer and dryer. AND, offered fully furnished for a true turnkey experience. Whether you're seeking a primary residence, a city retreat, or a high-performing investment, this property delivers. The building is secured by a 6' wrought iron fence in the front and a 6' wooden locked privacy gate in the back; it also has a shared wooden deck in the front for entertaining. Easy street parking or rentals nearby. Welcome home to 1969 N. Lincoln Ave.!

1969 N Lincoln Avenue Unit #1, Chicago

$299,999
3 Beds 2 Baths 12681156 MLS ACTIVE Status
INVESTOR SPECIAL | TURNKEY & FULLY FURNISHED 3BR/2BA CONDO | HYDE PARK / WOODLAWN Exceptional opportunity to own a fully furnished, turnkey 3-bedroom, 2-bath condominium in one of Chicago's most dynamic and rapidly growing neighborhoods. Offering approximately 1,250 square feet of living space, this move-in-ready residence is ideally positioned for investors seeking immediate rental income or owner-occupants looking for a spacious home in a prime location. Thoughtfully furnished and ready for occupancy, the unit is well-suited for a variety of rental strategies, including mid-term housing, traveling professionals, visiting scholars, corporate housing, faculty rentals, and student housing. The spacious layout, modern conveniences, and desirable location create broad appeal for today's rental market. Located just minutes from the University of Chicago, the Obama Presidential Center, Jackson Park, the Museum of Science and Industry, Lake Michigan's lakefront, beaches, and bike trails, residents enjoy easy access to some of Chicago's most sought-after destinations. Convenient access to Lake Shore Drive, public transportation, shopping, dining, and neighborhood amenities further enhances the property's appeal. The surrounding area continues to benefit from significant public and private investment, including ongoing development related to the Obama Presidential Center and continued growth associated with the University of Chicago, making this an attractive opportunity for both immediate cash flow potential and long-term appreciation. Whether you're expanding your investment portfolio, seeking a furnished rental property, or searching for a spacious city residence in a thriving community, this turnkey Hyde Park/Woodlawn condo is an opportunity not to be missed.

6435 S Kenwood Avenue Unit #3S, Chicago

$1,050,000
10 Beds 4 Baths 12657331 MLS CLOSED Status
Turnkey legal 3-flat directly across from recently renovated Kosciuszko Park in Chicago's Logan Square/Avondale area. Excellent opportunity for investors or owner-occupants seeking flexible living arrangements and strong rental income potential in a prime Northwest Side location. The property features a spacious top-floor duplex-up unit with 4 bedrooms and 2 bathrooms, a middle unit with 3 bedrooms and 1 bathroom, and a bright garden unit with 3 bedrooms and 1 bathroom. All units have been extensively renovated with modern kitchens, updated bathrooms, stainless steel appliances, and in-unit washer/dryers. Each unit features forced air heat and central AC, along with separately metered gas and electric utilities. Many major mechanicals and windows have also been replaced in recent years. The property is currently operated with a mix of long-term and furnished rentals, offering flexibility for both investors and owner-occupants. The top duplex unit lease ends at the end of June and currently rents for $2,715/month, with additional garage income of $150/month from the detached 2-car garage. Furnished rental units offer additional flexibility for future owner-occupancy or rental strategies. Outdoor features include a fully fenced backyard with low-maintenance turf, patio seating area, enclosed rear porches for additional storage, and a detached 2-car garage with alley access. Located directly across from Kosciuszko Park featuring athletic fields, tennis and pickleball courts, indoor pool, playground, walking track, and more. Convenient access to the CTA Blue Line, 90/94 expressway, restaurants, coffee shops, nightlife, and everything nearby Logan Square and Avondale have to offer.

3850 W Diversey Avenue, Chicago

$670,000
2 Beds 2 Baths 12647875 MLS ACTIVE Status 2 E Erie Condos BLDG.
No expense was spared in this spectacular full renovation featuring breathtaking northeast corner, mostly unobstructed, city views and a private balcony. Designed for both luxury living and effortless entertaining, the open-concept floor plan showcases a stunning chef's kitchen with quartzite waterfall countertops and backsplash, Samsung induction oven (if you have never used induction, you will be hooked. It's the chef's method of cooking), Kohler sink, and programmable refrigerator. Every detail has been thoughtfully curated, including all-new doors, elegant wainscoting, crown molding, luxury vinyl plank flooring, and trendy LED lighting throughout. All furnishings remain, including wall-mounted TVs, creating a truly turnkey opportunity. Custom closet systems and additional storage were professionally designed for maximum functionality. A stackable washer and dryer are conveniently located in the hallway laundry area, and all three HVAC units have been recently rebuilt. The guest bath features premium Kohler fixtures including a platform tub, sensor mirror, multi-function toilet, and designer finishes. The expansive primary suite offers a spa-inspired bath complete with rainfall and multi-jet shower heads, steam room, Bluetooth speakers, multi-function toilet, and a large double vanity. Beautiful furnishings in the pictures are conveyed to the buyer at closing.. Very well run building in one of River North's most convenient location. Close to public transportation, highway access, shopping, dining and parks. Considered one of the most stunning two-bedroom residences ever offered in the building, this exceptional home also includes one garage parking space. Rentals are permitted, making this an outstanding opportunity for both homeowners and investors alike. Pet friendly building. 24 hour doorman.

2 E Erie Street Unit #1511, Chicago

$4,500,000
6 Beds 6 Baths 12646807 MLS ACTIVE Status
An extraordinary opportunity to own a fully reimagined historic mansion in the heart of Chicago's coveted Gold Coast. This rare, turnkey residence is ideal for a private owner seeking effortless luxury or an investor looking to expand a portfolio of shortterm or AirBnB rentals. Originally crafted in 1887 by renowned architect John Wellborn Root, this timeless stone-and-brick villa blends rich architectural character with refined modern living-all just steps from the lake. Set on an oversized 24x130 lot, the home has undergone a comprehensive renovation, including a new roof, and offers more than 6,000 square feet across four beautifully finished levels. The main level centers around a stunning chef's kitchen with custom cabinetry, Wolf appliances, white quartz countertops, a mosaic backsplash, and an oversized island with integrated lighting. The grand dining area flows seamlessly into an elegant living room featuring two fireplaces, builtin shelving, and subtle undershelf illumination, creating an inviting atmosphere for everyday living and sophisticated entertaining. The sweeping staircase leads to a lavish primary suite with a fireplace, tray ceiling, hardwood floors, and a spa-caliber bath complete with its own fireplace, steam shower, freestanding soaking tub, and dual vanities. A massive custom walkin closet completes the retreat. A gracious second ensuite bedroom completes the level.The top floor offers two additional bedrooms and a cozy sitting room with a fireplace that opens to a spacious private rooftop deck. The lower level includes two more ensuite bedrooms and convenient access to the rare attached threecar garage.With six ensuite bedrooms, five-and-a-half baths, impeccable finishes, and thoughtful updates throughout, this historic home delivers exceptional comfort, versatility, and craftsmanship. A truly rare offering-masterfully restored, movein ready, and perfectly situated moments from the Gold Coast's finest dining, shopping, and lakefront living.

32 E Bellevue Place, Chicago

$1,049,000
10 Beds 6 Baths 12621822 MLS PRICE CHANGE Status
Compelling cash-flow investment featuring $108,000+ annual rental income from annual leases to strong-credit tenants, $80,500 NOI, 7.5 cap rate, and 9.95 GRM at asking price. Turnkey all-brick asset offering additional upside through furnished rentals, laundry, garage, and parking income. Located just west of Logan Square, this well-maintained Chicago apartment building sits in a stable residential setting surrounded by well-kept single-family homes and benefits from consistent rental demand. Just two blocks from the Healy Metra station and the Fullerton bus line, providing convenient commuter access and strong tenant appeal. The property has been substantially improved in recent years and offers an attractive blend of updated interiors and preserved vintage character. EVERY unit features fully updated kitchens and baths consistent with the property photos, along with stainless steel appliances, granite countertops, refinished hardwood flooring, original stained-glass accents, and quality woodwork throughout. Capital improvements include tuckpointing, newer individually controlled forced-air furnaces, central air systems, updated hot water heaters, and other key mechanical upgrades. Additional value is provided through on-site coin laundry, 2-car garage, private parking pad, and ample free street parking. The building offers a total of 10 bedrooms and 6 bathrooms across the property. Well-positioned investment property with immediate cash flow, strong in-place income, and continued upside potential.

4136 W Palmer Street, Chicago

$379,900
1 Beds 1 Baths 12560995 MLS CLOSED Status
Unmatched Views. Architect Curated Renovation. True Turnkey Living. Perched high above the Chicago River in Marina City's prized West Tower, Residence 2409 occupies what many consider the most compelling tier in the entire community-offering sweeping river and skyline vistas with a rare glimpse of Lake Michigan beyond. From sunrise light dancing across the water to glowing city nights, the views here feel expansive, cinematic, and unmistakably Chicago, enjoyed from two private balconies with unobstructed exposure. This brand-new renovation is crisp, elevated, and move-in ready, allowing the iconic mid-century architecture to shine through with modern comfort and restraint. The custom-designed kitchen showcases white lacquered cabinetry, a glass backsplash and under-cabinet lighting, striking the perfect balance between form and function. An inventive sliding wall affords both expansive living and a private enclosed bedroom for sleeping. Engineered Rain Tree flooring-paired with a sound-deadening backing system-adds warmth and durability underfoot, while fresh paint throughout enhances the home's clean, cohesive feel. Comfort and convenience were clearly prioritized: two new HVAC systems, a new water heater, Mecho automated shades, and full-sized in-unit laundry elevate everyday living. Custom Elfa closet organizers maximize storage without visual clutter, keeping the focus on light, views, and flow. The building's full-service amenities include 24/7 door staff, valet parking, a fitness center, rooftop access, on-site boat rentals, and River North Market located within the complex. An upcoming common hallway refresh further enhances long-term value and community appeal. Steps from the Riverwalk and surrounded by world-class dining, culture, and transit-including the Blue Line just across the river-this is Marina City living at its most refined: architectural pedigree, exceptional views, and a renovation that lets the skyline take center stage.

300 N State Street Unit #2409, Chicago

$200,000
1 Beds 1 Baths 12563956 MLS CLOSED Status
Welcome home to a bright, south-facing one-bedroom in the heart of Lakeview, perched high above the city at full-amenity Lake Park Plaza. Floor-to-ceiling windows flood the space with natural light, highlighting hardwood floors and an open, easy layout that works just as well for everyday living as it does for entertaining. The updated kitchen features sleek flat-panel cabinetry, stainless steel appliances, a mosaic tile backsplash, and a peninsula with seating, perfect for casual meals or hosting friends. The oversized living area comfortably accommodates both lounging and dining, while the king-sized bedroom offers generous closet space, new carpet, and large windows that keep things light and airy. A modern bath and extra entry storage round out the home. This is a rare opportunity for flexibility: the current lease ends soon, making the unit ideal for an owner-occupant or a buyer who wants the option to rent in the future (12-month leases permitted; no short-term rentals). Lake Park Plaza is a true full-service building with 24/7 door staff, on-site management, fitness center, outdoor pool and sundeck with grills and fire pits, tennis and basketball courts, bike storage, private storage, a party room, and even a dog run. Parking is available via valet or self-park (based on availability). All of this just minutes from the lakefront, transit, dining, and everything Lakeview has to offer. An easy, turnkey home in a building that delivers on lifestyle. Currently rented through May 2026 for $1,950/month. Owners may rent with a 12-month lease (no Airbnb or short-term rentals). FHA-approved building. Lake Park Plaza offers full-service amenities: Outdoor pool + landscaped sundeck with BBQ grills & fire pits Fitness center, tennis/pickleball court & basketball court 24/7 door staff & on-site management Receiving room & Go Grocer Bike storage, private storage cage, party room & dog run Parking: Valet ($221) or self-park ($246), based on availability. **48 hour notice for all showings. No exceptions**

3930 N Pine Grove Avenue Unit #604, Chicago

$450,000
7 Beds 3 Baths 12493943 MLS CLOSED Status
Welcome to 1844 S Millard Avenue, a gorgeous yellow brick Greystone in the heart of Chicago's resurging North Lawndale neighborhood. An area rich in architectural heritage and poised for growth. This fully occupied, income-producing 3-unit building offers the perfect blend of historic elegance, functional upgrades, and investment upside. Built in 1903 and well preserved, the home features an eye-catching turreted bay, an ornate covered entryway with a Corinthian column, a stone balcony with balustrade, and beautifully detailed limestone trim. All contributing to its commanding curb appeal. Situated on a tree-lined block filled with stunning Greystones and other turn-of-the-century homes, the property invites a sense of pride and permanence that's hard to replicate. Each unit is thoughtfully configured with separate utilities, in-unit laundry, and individual central air and heat systems, offering comfort and independence for tenants while making management simple. With 3,424 square feet of living space across a 4,690-square-foot lot, this classic multi-family presents an ideal opportunity for investors seeking a turnkey, stabilized asset in one of Chicago's most promising growth corridors. Located just minutes from the rapidly expanding Illinois Medical District, Mount Sinai Hospital, St. Anthony Hospital, Rush University, and Stroger Hospital, the demand for housing in this area is rising fast, fueled by job growth, and revitalized commercial spaces. Commuters will appreciate easy access to the CTA Pink Line, as well as I-290 and I-55, while outdoor lovers can enjoy nearby Douglass Park. Given current market trends and comparable rentals, this property offers significant potential of future rent income. Whether you're adding to your portfolio or planting roots in a vibrant, historic neighborhood, 1844 S Millard stands as a rare opportunity to own a piece of classic Chicago architecture with modern income appeal. Drive by and experience the block-you won't be disappointed. Due to tenants availability showings are being limited to weekends only. Sorry

1844 S Millard Avenue, Chicago

$445,000
2 Beds 2 Baths 12479698 MLS CLOSED Status
Spectacular Short Term Rental Investment! 2 Blocks from Wrigley Field and the Sheridan Red Line line station. It's almost impossible to find a building that allows short term rentals in this area. Very high earner. Financials available. Remodel done in 2024. Fully Furnished. High end furniture. Private Yard with this large 1400sf 2BR/2BA condo! Gorgeously remodeled kitchen with stainless appliances with tons of space in the 42" cabinets. Granite counters, subway tile and with breakfast island compliment honey maple cabinets. Very few stairs in this garden unit with generous room sizes that consist of a large master suite. Deep closets in both bedrooms. Fireplace and private entrance to private yard. In-unit W/D, pet-friendly building! 65" Smart TVs in living room/master bedroom and 43" in second bedroom included! New ceiling fans and 2 year old carpet in bedrooms. Luxury beds included. Heated bathroom floors and towel bars in both spa like bathrooms. Suite bath boasts a deep soaking tub and imported Italian tile. Common bathroom equipped with a very high rainfall shower, body sprays and separate shower spray for self or pets, and foldable sit-down bench. Both baths have recessed niches for toiletries and modern floating vanities for storage. Tons of light and hotel quality led mirrors. Bluetooth speakers in bathroom exhaust fans. Truly luxurious. Truly EZ permit street parking (1-way streets on both sides) or rental parking nearby! 3 blocks to Lake Shore Drive, 4 blocks to the lake, Red Line. Across from Kelly and Dog Park! Other upgrades include: New upgraded electric and plumbing throughout. Hardwood floors in common areas with a modern platinum gray finish. Functioning gas fireplace and threshold recently remodeled. New modern, solid core doors and hardware throughout. Grill and yard furniture also included. No expense spared. Modern rectangular baseboards and shoeing throughout. All furniture in pictures included for a turnkey rental and short term rental. All dish wear, silver wear, bed linen, and also bath essentials included. Self managed building so low assessments. Don't miss this incredible opportunity.

1050 W Dakin Street Unit #G2, Chicago

$1,295,000
6 Beds 4 Baths 12011862 MLS CLOSED Status
AMAZING OPPORTUNITY - AIRBNB POTENTIAL! Lake View/Wrigleyville 4 unit brick building! 100% turnkey investment property ready to accept vacation rentals or yearly leases for the 2024 season. All units rented, providing a steady income stream for investors. The units are updated, while still retaining vintage elements that add charm and appeal. Improvements include newer roof, tuckpointing, electric, plumbing, water tanks, HVAC and windows, making this a turnkey investment opportunity. The kitchens showcase eat in island with wood cabinetry. Enclosed porches add additional usable space to the units. Windows throughout ensures plenty of natural light fills the space, creating a warm and inviting atmosphere. Hardwood floors add character and uniqueness to each unit. There's ample storage available in the common areas. Outside, the exterior parking brings in additional income. This property is versatile and can be an excellent investment opportunity, a multi-family living arrangement, or a chance for an owner to live in one unit while renting out the others. The location is unbeatable, with public transportation just minutes away and quick access Lake Shore Dr, trains (brown, red & purple line stations) and expressways. You'll be in a neighborhood that offers a multitude of conveniences, restaurants & shops, all just a few steps away. It's a sought-after area for both residents and investors alike. You won't be disappointed!

1201 W Cornelia Avenue, Chicago

$465,000
2 Beds 2 Baths 11906865 MLS CLOSED Status
Live in the best of both worlds where Old Town and Gold Coast neighborhoods intersect, at popular James House! Walk to neighborhood taverns, parks, the lakefront, restaurants, art galleries and the Magnificent Mile. Natural sunlight beams into this rarely available, high floor southwest corner home which showcases incredible lake and skyline views with breathtaking sunsets off your private balcony! Turnkey condition with large split bedrooms, in unit laundry and updated kitchen featuring stainless steel appliances, granite counters and ample storage. Relax on your private balcony with your morning coffee or take in the spectacular sunsets with a glass of wine. Espresso hardwood floors in main living areas and custom shades in living / dining. Tons of storage with several closets and convenient in unit laundry. Need a place to call home quickly? No problem, the furniture can stay! This stunning home lets you live atop it all with the ease of residing in a well-maintained building with recently reinforced balconies, newer windows, and newly decorated lobby and hallways. Other building amenities include: 24/7 door staff, receiving room, an experienced maintenance staff, on-site management, sun deck, exercise facilities, and bike storage. Two out-door pools and both tennis and pickleball courts are also available at an additional fee within community. On-site valet rental parking garage is available for $180/month and readily accessible public transportation provides a short commute to the Loop, bringing the distinguished character of our beloved Chicago right to your doorstep! Pet friendly, rentals permitted and FHA approved!

1560 N Sandburg Terrace Unit #4001, Chicago

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Chicago, IL · Curated MLS Search

Turnkey Rental Homes in Chicago, IL

An editorially curated view of every active turnkey rental homes listing in Chicago, IL. Updated in real time from the local MLS, presented without the noise.

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