Chicagorealestatesource.com Search Results

$3,600,000

Excellent investment opportunity to acquire a 36-unit multifamily property at 1217 S Independence Blvd as part of a 51-unit portfolio package with the companion 15-unit Flournoy property. Properties are being offered together as a package and are not intended to be sold separately. Independence is listed at $3,600,000 and Flournoy at $1,500,000, for a combined portfolio price of $5,100,000. The property includes a mix of occupied and vacant units, offering immediate income with additional potential through increased occupancy. Owner pays heat, water and garbage; tenants are responsible for remaining utilities. Convenient North Lawndale location near Roosevelt Road, public transportation, major thoroughfares and neighborhood amenities. Financial information and additional property details are available to qualified buyers. Package sale provides investors an opportunity to acquire 51 units across two multifamily assets in one transaction.

12735613 MLS ⋅ ACTIVE Status

Excellent investment opportunity to acquire a 36-unit multifamily property at 1217 S Independence Blvd as part of a 51-unit portfolio package with the companion 15-unit Flournoy property. Properties are being offered together as a package and are not intended to be sold separately. Independence is listed at $3,600,000 and Flournoy at $1,500,000, for a combined portfolio price of $5,100,000. The property includes a mix of occupied and vacant units, offering immediate income with additional potential through increased occupancy. Owner pays heat, water and garbage; tenants are responsible for remaining utilities. Convenient North Lawndale location near Roosevelt Road, public transportation, major thoroughfares and neighborhood amenities. Financial information and additional property details are available to qualified buyers. Package sale provides investors an opportunity to acquire 51 units across two multifamily assets in one transaction.

1217 S Independence Boulevard, Chicago

$1,500,000

Excellent investment opportunity to acquire a 15-unit multifamily property at 3721-3725 W Flournoy St as part of a 51-unit portfolio package with the companion 36-unit property at 1217-1225 S Independence Blvd. Properties are being offered together as a package and are not intended to be sold separately. Flournoy is listed at $1,500,000 and Independence at $3,600,000, representing a combined portfolio price of $5,100,000. The property offers investors an opportunity to acquire an income-producing multifamily asset with additional potential through occupancy and operational improvements. Convenient Chicago location with access to public transportation, major thoroughfares and neighborhood amenities. Financial information and additional property details are available to qualified buyers. Package sale provides an opportunity to acquire 51 units across two multifamily properties in one transaction.

12735546 MLS ⋅ ACTIVE Status

Excellent investment opportunity to acquire a 15-unit multifamily property at 3721-3725 W Flournoy St as part of a 51-unit portfolio package with the companion 36-unit property at 1217-1225 S Independence Blvd. Properties are being offered together as a package and are not intended to be sold separately. Flournoy is listed at $1,500,000 and Independence at $3,600,000, representing a combined portfolio price of $5,100,000. The property offers investors an opportunity to acquire an income-producing multifamily asset with additional potential through occupancy and operational improvements. Convenient Chicago location with access to public transportation, major thoroughfares and neighborhood amenities. Financial information and additional property details are available to qualified buyers. Package sale provides an opportunity to acquire 51 units across two multifamily properties in one transaction.

3721 W Flournoy Street, Chicago

$334,900

THE CASH COW!!!! INCOME-PRODUCING INVESTMENT OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and savvy buyers looking for their next income-producing asset! Located in one of Chicago's rapidly growing neighborhoods, this oversized 3-story brick three-flat offers the perfect combination of immediate rental income and tremendous long-term upside. Featuring three spacious 3-bedroom units, the property currently has month-to-month tenants occupying the first and second floors, while the third-floor unit is also livable, offering flexibility for future occupancy or continued rental income. Built with solid bones and a classic brick exterior, this property provides an exceptional foundation for long-term investment. Perfectly positioned directly across from a neighborhood school on a quiet residential block, you'll also enjoy convenient access to transportation, shopping, parks, schools, and everyday amenities\. East Garfield Park continues to experience exciting redevelopment, making this an outstanding opportunity to build equity while generating rental income in one of Chicago's most promising investment corridors. The full unfinished basement presents the property's greatest value-add opportunity, offering exciting possibilities for future expansion, additional living space, enhanced amenities, or other improvements that could further increase the property's overall value and long-term earning potential. Buyers are encouraged to conduct their own due diligence regarding future improvement possibilities. Investors may also wish to explore opportunities to individually meter utilities, install separate gas, and water systems, add individual water heaters for each unit where feasible, and reconfigure utility services to help shift utility responsibilities, reduce owner operating expenses, improve efficiency, strengthen long-term cash flow, and maximize the property's investment performance. The property is being sold AS-IS and is subject to violation case the City of Chicago. Also, subject to any tenants. The buyer will assume responsibility for complying with all City of Chicago inspections, municipal requirements, property clean-out, and any repairs. No survey or seller disclosures will be provided. Proof of funds or a lender pre-approval letter must accompany all offers. Taxes will be prorated at 100%, and all earnest money must be submitted in certified funds. Room counts, dimensions, lot size, and other property details are believed to be accurate but are not guaranteed. Properties offering immediate rental income, spacious unit layouts, solid brick construction, and exceptional value-add potential are becoming increasingly difficult to find. Whether you're expanding your investment portfolio, seeking a cash-flowing asset with future upside, or searching for your next strategic acquisition, this oversized brick three-flat delivers an exceptional opportunity to create long-term wealth while capitalizing on the continued growth of East Garfield Park. Bring your vision, maximize its potential, and make this outstanding investment your next success story.

9 Beds ⋅ 3 Baths ⋅ 12718929 MLS ⋅ CONTINGENT Status

THE CASH COW!!!! INCOME-PRODUCING INVESTMENT OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and savvy buyers looking for their next income-producing asset! Located in one of Chicago's rapidly growing neighborhoods, this oversized 3-story brick three-flat offers the perfect combination of immediate rental income and tremendous long-term upside. Featuring three spacious 3-bedroom units, the property currently has month-to-month tenants occupying the first and second floors, while the third-floor unit is also livable, offering flexibility for future occupancy or continued rental income. Built with solid bones and a classic brick exterior, this property provides an exceptional foundation for long-term investment. Perfectly positioned directly across from a neighborhood school on a quiet residential block, you'll also enjoy convenient access to transportation, shopping, parks, schools, and everyday amenities\. East Garfield Park continues to experience exciting redevelopment, making this an outstanding opportunity to build equity while generating rental income in one of Chicago's most promising investment corridors. The full unfinished basement presents the property's greatest value-add opportunity, offering exciting possibilities for future expansion, additional living space, enhanced amenities, or other improvements that could further increase the property's overall value and long-term earning potential. Buyers are encouraged to conduct their own due diligence regarding future improvement possibilities. Investors may also wish to explore opportunities to individually meter utilities, install separate gas, and water systems, add individual water heaters for each unit where feasible, and reconfigure utility services to help shift utility responsibilities, reduce owner operating expenses, improve efficiency, strengthen long-term cash flow, and maximize the property's investment performance. The property is being sold AS-IS and is subject to violation case the City of Chicago. Also, subject to any tenants. The buyer will assume responsibility for complying with all City of Chicago inspections, municipal requirements, property clean-out, and any repairs. No survey or seller disclosures will be provided. Proof of funds or a lender pre-approval letter must accompany all offers. Taxes will be prorated at 100%, and all earnest money must be submitted in certified funds. Room counts, dimensions, lot size, and other property details are believed to be accurate but are not guaranteed. Properties offering immediate rental income, spacious unit layouts, solid brick construction, and exceptional value-add potential are becoming increasingly difficult to find. Whether you're expanding your investment portfolio, seeking a cash-flowing asset with future upside, or searching for your next strategic acquisition, this oversized brick three-flat delivers an exceptional opportunity to create long-term wealth while capitalizing on the continued growth of East Garfield Park. Bring your vision, maximize its potential, and make this outstanding investment your next success story.

3716 W Polk Street, Chicago

$349,999

Large brick 3-unit investment opportunity with major upside potential. Property previously underwent extensive renovation work including updated kitchens, bathrooms, refinished hardwood floors, recessed lighting, newer HVAC systems, updated mechanicals, newer appliances, and exterior improvements. Spacious layouts with strong rental and value-add potential. Interior photos reflect prior renovation progress and previously improved condition, giving buyers visibility into the property's upside after completion. Property currently requires substantial repair of plumbing and drywal and is being sold AS-IS. Ideal opportunity for investors, rehabbers, landlords, seeking multifamily upside in a rapidly improving area. Property features include: Three spacious 3-bedroom, 1-bath units Large backyard Newer porch Laundry hookups in each unit Separate utilities Strong rental income potential Easy access to downtown, expressways, hospitals, and transportation Recent renovated multifamily properties nearby have sold at significantly higher values. For example, nearby 2-unit property 3107 W. Flournoy St reportedly sold around $575,000 after renovation, highlighting the potential upside for larger multifamily properties in the area. Buyer responsible for verifying room counts, zoning, permits, violations, condition, and redevelopment potential. Property sold AS-IS.

9 Beds ⋅ 3 Baths ⋅ 12652223 MLS ⋅ ACTIVE Status

Large brick 3-unit investment opportunity with major upside potential. Property previously underwent extensive renovation work including updated kitchens, bathrooms, refinished hardwood floors, recessed lighting, newer HVAC systems, updated mechanicals, newer appliances, and exterior improvements. Spacious layouts with strong rental and value-add potential. Interior photos reflect prior renovation progress and previously improved condition, giving buyers visibility into the property's upside after completion. Property currently requires substantial repair of plumbing and drywal and is being sold AS-IS. Ideal opportunity for investors, rehabbers, landlords, seeking multifamily upside in a rapidly improving area. Property features include: Three spacious 3-bedroom, 1-bath units Large backyard Newer porch Laundry hookups in each unit Separate utilities Strong rental income potential Easy access to downtown, expressways, hospitals, and transportation Recent renovated multifamily properties nearby have sold at significantly higher values. For example, nearby 2-unit property 3107 W. Flournoy St reportedly sold around $575,000 after renovation, highlighting the potential upside for larger multifamily properties in the area. Buyer responsible for verifying room counts, zoning, permits, violations, condition, and redevelopment potential. Property sold AS-IS.

3018 W Flournoy Street, Chicago

$405,000

Solid Mixed-Use Investment Opportunity in North Lawndale! Prime location directly across from Douglas Park, this four-unit, mixed-use building offers a strong combination of retail and residential income. Built in 1918 and thoughtfully renovated in 2011, this property sits on a 3,130 sq. ft. lot, zoned C1-3. The first floor features a 1,000 sq. ft. retail unit, currently occupied as a barbershop, plus a two-bedroom, one-bath apartment (564 sq. ft.) at the rear. The second and third floors each offer spacious 1,219 sq. ft. three-bedroom, one-bath apartments with refinished hardwood floors, updated kitchens, and baths. The basement (1,219 sq. ft.) is unfinished, housing utilities and additional storage. Recent Updates Include: Full apartment renovations (2012) with new kitchens, baths, cabinets, sinks, faucets, flooring, and windows as needed, Wrought iron gates (2013), Roof work and tuckpointing (2016, 2025),Cement basement flooring and glass block windows (2017),Porch and landing repairs (2019), Hot water tank replacement (Unit 3R, 2020),Front barbershop door and glass replacement (2021), Back wrought iron painting (2024). This is a well-maintained, income-producing property with long-term improvements already completed, making it an ideal investment. Excellent location, strong rental potential, and unbeatable proximity to one of Chicago's most iconic parks. The seller also owns the building across the street (3113 W. Roosevelt MLS #12481551), which is also available, creating a rare portfolio opportunity to acquire both properties together.

12481280 MLS ⋅ CLOSED Status

Solid Mixed-Use Investment Opportunity in North Lawndale! Prime location directly across from Douglas Park, this four-unit, mixed-use building offers a strong combination of retail and residential income. Built in 1918 and thoughtfully renovated in 2011, this property sits on a 3,130 sq. ft. lot, zoned C1-3. The first floor features a 1,000 sq. ft. retail unit, currently occupied as a barbershop, plus a two-bedroom, one-bath apartment (564 sq. ft.) at the rear. The second and third floors each offer spacious 1,219 sq. ft. three-bedroom, one-bath apartments with refinished hardwood floors, updated kitchens, and baths. The basement (1,219 sq. ft.) is unfinished, housing utilities and additional storage. Recent Updates Include: Full apartment renovations (2012) with new kitchens, baths, cabinets, sinks, faucets, flooring, and windows as needed, Wrought iron gates (2013), Roof work and tuckpointing (2016, 2025),Cement basement flooring and glass block windows (2017),Porch and landing repairs (2019), Hot water tank replacement (Unit 3R, 2020),Front barbershop door and glass replacement (2021), Back wrought iron painting (2024). This is a well-maintained, income-producing property with long-term improvements already completed, making it an ideal investment. Excellent location, strong rental potential, and unbeatable proximity to one of Chicago's most iconic parks. The seller also owns the building across the street (3113 W. Roosevelt MLS #12481551), which is also available, creating a rare portfolio opportunity to acquire both properties together.

3042 W Roosevelt Road, Chicago

$235,000

Incredible investment opportunity in prime North Lawndale! This 2-unit building with an additional garden unit offers excellent potential for seasoned investors. While the property is currently tenant-occupied, the tenants are open to vacating, and the property can be delivered vacant at closing-making it ideal for a full renovation or redevelopment project. Being sold strictly AS-IS, the building does require significant updates but presents strong upside with an estimated after-repair value (ARV) of approximately $450,000. Each unit features its own hot water tank, and forced heat. The property contains an exterior back porch overlooking yard space and a two car garage that can be used for additional income due to the properties location. Located in a rapidly developing area surrounded by new construction and revitalization, this property is perfect for experienced investors looking to capitalize on growth. Seller prefers cash offers with a quick close.

6 Beds ⋅ 3 Baths ⋅ 12452000 MLS ⋅ CLOSED Status

Incredible investment opportunity in prime North Lawndale! This 2-unit building with an additional garden unit offers excellent potential for seasoned investors. While the property is currently tenant-occupied, the tenants are open to vacating, and the property can be delivered vacant at closing-making it ideal for a full renovation or redevelopment project. Being sold strictly AS-IS, the building does require significant updates but presents strong upside with an estimated after-repair value (ARV) of approximately $450,000. Each unit features its own hot water tank, and forced heat. The property contains an exterior back porch overlooking yard space and a two car garage that can be used for additional income due to the properties location. Located in a rapidly developing area surrounded by new construction and revitalization, this property is perfect for experienced investors looking to capitalize on growth. Seller prefers cash offers with a quick close.

4318 W Cermak Road, Chicago

$267,500

Fantastic Investment Opportunity in Red-Hot North Lawndale! Presenting a rare chance to own a legal 2-flat in the rapidly developing North Lawndale neighborhood! Each unit boasts 3 spacious bedrooms, a full bathroom, and a dining room that can be converted into a fourth bedroom for increased rental income. The unfinished walkout basement with high ceilings offers future potential to convert into a legal third unit. Located in the WEST ADU Zone and a Tax Increment Financing (TIF) District, this property is a prime candidate for a buyer using an FHA 203k loan to customize it to their vision. The first-floor tenant will be moving out in May, and the property will be delivered vacant at closing, allowing for immediate occupancy or rental. Comparable renovated 2-unit properties have sold for an average of $484,000 within a 1-mile radius, while legal 3-units have sold for $572,000. With strong cash flow potential, renovated 3-bedroom apartments in the area are renting for an average of $1,733 per month, and 4-bedroom apartments for $1,990 per month. This property will be delivered free of code violations, offering a clean slate for a buyer seeking huge equity upside, whether as an investment or to convert into a 3-unit and live in one unit while the other two units pay for the property expenses. Don't miss this excellent opportunity to capitalize on North Lawndale's growing market!

6 Beds ⋅ 2 Baths ⋅ 12350666 MLS ⋅ CLOSED Status

Fantastic Investment Opportunity in Red-Hot North Lawndale! Presenting a rare chance to own a legal 2-flat in the rapidly developing North Lawndale neighborhood! Each unit boasts 3 spacious bedrooms, a full bathroom, and a dining room that can be converted into a fourth bedroom for increased rental income. The unfinished walkout basement with high ceilings offers future potential to convert into a legal third unit. Located in the WEST ADU Zone and a Tax Increment Financing (TIF) District, this property is a prime candidate for a buyer using an FHA 203k loan to customize it to their vision. The first-floor tenant will be moving out in May, and the property will be delivered vacant at closing, allowing for immediate occupancy or rental. Comparable renovated 2-unit properties have sold for an average of $484,000 within a 1-mile radius, while legal 3-units have sold for $572,000. With strong cash flow potential, renovated 3-bedroom apartments in the area are renting for an average of $1,733 per month, and 4-bedroom apartments for $1,990 per month. This property will be delivered free of code violations, offering a clean slate for a buyer seeking huge equity upside, whether as an investment or to convert into a 3-unit and live in one unit while the other two units pay for the property expenses. Don't miss this excellent opportunity to capitalize on North Lawndale's growing market!

1516 S Homan Avenue, Chicago

$475,000

Classic Greystone with a finished garden unit located in the fast growing North Lawndale neighborhood and 6 Min walk to Pink Line (Ogden-Central Park) Perfect Investment opportunity. Features a grand total of 11 bedrooms, 3 bathrooms across three levels, and 6 parking spaces. The rental income and room for more exceeds the estimated mortgage, taxes, and insurance. You'll enjoy positive cash flow! Also qualifies for 4-bedroom vouchers, so there's great potential for the new owner to request a rental increase through CHA, providing a significant boost to your monthly cash flow. Ideal if you're looking to live in one unit and rent out the others or maximize returns with a fully rented building, the strong local rental market and promising future makes this a savvy investment for seasoned investors and first-time multi-family buyers alike. Given the current market trends and comparable rental properties in the area, rent adjustments are in your favor, enhancing your return on investment. Located near the rapidly expanding Illinois Medical District, this property benefits from increased housing demand driven by thousands of new jobs and substantial economic growth. Local industrial sites are being repurposed for community benefit. Shops, eateries, and facilities are revitalizing commercial corridors and enhancing everyday convenience for residents. Don't miss your chance to grab a prime piece of real estate in an area on the rise!! It's time to make a move to have you set for years to come!

11 Beds ⋅ 3 Baths ⋅ 12327596 MLS ⋅ CLOSED Status

Classic Greystone with a finished garden unit located in the fast growing North Lawndale neighborhood and 6 Min walk to Pink Line (Ogden-Central Park) Perfect Investment opportunity. Features a grand total of 11 bedrooms, 3 bathrooms across three levels, and 6 parking spaces. The rental income and room for more exceeds the estimated mortgage, taxes, and insurance. You'll enjoy positive cash flow! Also qualifies for 4-bedroom vouchers, so there's great potential for the new owner to request a rental increase through CHA, providing a significant boost to your monthly cash flow. Ideal if you're looking to live in one unit and rent out the others or maximize returns with a fully rented building, the strong local rental market and promising future makes this a savvy investment for seasoned investors and first-time multi-family buyers alike. Given the current market trends and comparable rental properties in the area, rent adjustments are in your favor, enhancing your return on investment. Located near the rapidly expanding Illinois Medical District, this property benefits from increased housing demand driven by thousands of new jobs and substantial economic growth. Local industrial sites are being repurposed for community benefit. Shops, eateries, and facilities are revitalizing commercial corridors and enhancing everyday convenience for residents. Don't miss your chance to grab a prime piece of real estate in an area on the rise!! It's time to make a move to have you set for years to come!

1856 S Lawndale Avenue, Chicago

$199,500

Great investment opportunity. This lot consists of 2 buildings. The front building A is a 5 bed/2 bath brick duplex with eat-in kitchen. The basement is unfinished, so their is some upside potential. The rear building B is a multi-unit (2/1 and 3/1). Both properties sold "as is". Proof of funds required prior to viewing. The front unit has long-term tenants. Building is CHA approved. Rear building is currently vacant. Seller is motivated. Initial showings for rear building as it is vacant. Serious buyers only. We prefer cash, but will consider financing for experienced lenders that can provide a rehab loan. Note both buildings need to be rehabbed.

13 Beds ⋅ 3 Baths ⋅ 11868446 MLS ⋅ CLOSED Status

Great investment opportunity. This lot consists of 2 buildings. The front building A is a 5 bed/2 bath brick duplex with eat-in kitchen. The basement is unfinished, so their is some upside potential. The rear building B is a multi-unit (2/1 and 3/1). Both properties sold "as is". Proof of funds required prior to viewing. The front unit has long-term tenants. Building is CHA approved. Rear building is currently vacant. Seller is motivated. Initial showings for rear building as it is vacant. Serious buyers only. We prefer cash, but will consider financing for experienced lenders that can provide a rehab loan. Note both buildings need to be rehabbed.

3140 W Polk Street, Chicago