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BUSINESS OWNERS, ENTREPRENEURS, INVESTORS!! HERE'S AN OPPORTUNITY TO OWN AN INVESTMENT PROPERTY THAT CAN GENERATE INCOME FROM A BUSINESS AND 2 APARTMENTS ABOVE. LOCATED IN THE ENGLEWOOD NEIGHBORHOOD, WALKING DISTANCE FROM THE 63RD AND HALSTED GREEN LINE STOP, THE NEW KENNEDY-KING COLLEGE, AND 5 MINUTES FROM THE EXPRESSWAY. PLENTY OF POTENTIAL. MOTIVATED SELLER. PROPERTY NEXT DOOR WILL ALSO BE GOING UP FOR SALE AND BOTH PROPERTIES ARE CONNECTED AND ACCESSIBLE VIA A DOORWAY IN BETWEEN BOTH PROPERTIES. SCHEDULE YOUR SHOWING TODAY! 24 HOUR NOTICE REQUIRED. OWNER WILL GIVE CREDIT FOR SIDING REPAIR.

1015 W 63Rd Street, Chicago

$340,000

8 Beds ⋅ 4 Baths ⋅ 11993517 MLS ⋅ CLOSED Status

This impressive legal 3 unit was renovated in 2020. Property features beautiful hardwood flooring through on 1st and 2nd floors. The 1st floor boasts 3 bedrooms, living room, formal dining room, large eat-in kitchen and 2 full baths; the 2nd floor features 3 bedroom, living room, family room, formal dining room, large eat-in kitchen and 1 bath; the garden unit boast an open concept living room, dining room and kitchen with 2 bedrooms and 1 bath. The fully applianced kitchens are finished with premium cabinets, granite counter tops, and porcelain tiles; the bathrooms are fully updated in a contemporary style; windows are newer, updated electric, furnaces and hot water tanks are newer. Tenants pay heat, hot water and electric. 2nd floor and garden unit are vacant. Similar properties sold as high as $380K. (New appliances to be installed in 2nd floor kitchen prior to closing). Great owner occupancy or investment opportunity.

7120 S Emerald Avenue, Chicago

$185,000

7 Beds ⋅ 3 Baths ⋅ 11984449 MLS ⋅ CLOSED Status

Explore the immense potential of this expansive Englewood brick two-unit property, which sits vacant and ready for your vision. A virtual tour and rendered photos are included to better assist with visualizing the property's layout and rehab potential! Offering 3,186 square feet of finished living space across duplexed units, this property presents an incredible opportunity. The first-floor unit includes 3 bedrooms and 2 full bathrooms, duplexing into a finished basement with room for additional bedrooms. The second-floor apartment boasts 4 bedrooms and 1 bathroom, duplexing up into a finished attic. While some TLC is needed, the equity upside is substantial, with renovated similar properties selling for an average of $386,000 within a half-mile radius in the past 6 months, presenting over $200,000 of available equity upside. The rental income upside provides a great opportunity for an owner-occupied buyer to live in one unit while the tenant in the other unit covers the lion's share of the mortgage and building expenses. With rental income potential of up to $1,800 for a 4-bedroom unit and $1,600 for a 3-bedroom unit, this property is an excellent investment opportunity. Plus, enjoy the convenience of a 2-car garage. Don't miss your chance to explore the possibilities and schedule a showing today! *PROPERTY IS BEING SOLD "AS-IS" Owner is a licensed IL real estate agent.

722 W Marquette Road, Chicago

$340,000

11894290 MLS ⋅ CLOSED Status

I am thrilled to introduce our newest commercial listing at 7304 S Union-a truly remarkable opportunity for savvy investors. This beautifully maintained 6-unit property exudes charm, from its stunning brick exterior to the gated entrance and inviting foyer. The potential for this property is boundless, and it can be acquired individually or as part of an enticing package with another investment gem at 7329 S Union (MLS #11894323). Opportunities like these are a rarity, and they won't stay on the market for long. Both properties are attractively priced, offering the chance to create robust rental streams of income. Don't miss out on this golden opportunity to elevate your real estate portfolio to new heights. Contact us today to seize this chance for financial success! As-is

7304 S Union Avenue, Chicago

$560,000

11891643 MLS ⋅ CLOSED Status

Proud to present 7100 S. Union Ave. a 14-unit multifamily property located in Chicago, IL. Heavy value-add 14 unit multifamily in the opportunity and enterprise zone in Englewood! (14) 2 Bedroom / 1 Bathroom apartments. 7 of the apartments are vacant. A new investor can make interior modifications to vacant units to raise the rents to market levels and transition occupied units as they become available. The hot water heater is relatively new, and the boiler is five years old. Located in the Englewood community, the property is strategically situated to take advantage of urban amenities, transportation links, and a growing local economy. The property is located in an opportunity zone. Located in Zone 6 of a Chicago Enterprise Zone Sales Tax Deduction Each retailer who makes a qualified sale of building materials to be incorporated into real estate in an enterprise zone established by a county or municipality under the Illinois Enterprise Zone Act by remodeling, rehabilitation or new construction, may deduct receipts from such sales when calculating the tax imposed by this Act. Real Estate Transfer Tax Exemption Commercial and industrial properties purchased within Enterprise Zones are eligible for an exemption from Chicago's Real Estate and Transfer Tax. Machinery and Equipment Consumables/Pollution Control Facilities Sales Tax Exemption A 6.25 percent state sales tax exemption on purchases of tangible personal property to be used in the manufacturing or assembly process or in the operation of a pollution control facility within an Enterprise Zone is available. Utility Tax Exemption A state utility tax exemption on gas, electricity and the Illinois Commerce Commission's administrative charge and telecommunication excise tax is available to businesses located in Enterprise Zones. Enterprise Zone Investment Tax Credit A state investment tax credit of 0.5 percent is allowed a taxpayer who invests in qualified property in an Enterprise Zone. Contribution Deduction Businesses may deduct double the value of a cash or in-kind contribution to an approved project of a designated Enterprise Zone organization from taxable income. The Englewood area has experienced a steady demand for rental properties, driven by its proximity to major employment centers and educational institutions. The property presents an attractive investment opportunity with the potential for rental income growth and property value appreciation over time. The Englewood community has been undergoing revitalization efforts, contributing to improved safety, infrastructure, and overall quality of life. The property benefits from excellent transportation links, with nearby access to bus routes and major roadways, enhancing its attractiveness to commuters.

7100 S Union Avenue, Chicago

$310,000

11776539 MLS ⋅ CLOSED Status

This newly renovated and remodeled mixed-use building has the potential to generate rental income from both the commercial space and residential units. The fact that the apartments are move in ready and currently unoccupied could be seen as an opportunity to attract new tenants at a higher rental rate than the previous ones. The occupied store front that is collecting rent provides an immediate source of income to the new owner or investor. The property could potentially be packaged with other properties, increasing the potential for rental income and investment return. Overall, this property presents a great opportunity for an investor or new homeowner to generate income from both commercial and residential rental spaces. Ask agent for listing more informaton about portfolio. They could be packaged or purchased individually.

817 W 59Th Street, Chicago

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