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BACK ON THE MARKET THROUGH NO FAULT OF THE PROPERTY! PRIOR FHA APPRAISAL: $575,000-$25,000 ABOVE THE $550,000 ASKING PRICE, WITH NO APPRAISER-REQUIRED REPAIRS! The previous FHA buyer reached the week of closing but could not proceed due to an unexpected family medical emergency, completely unrelated to the property, inspection, or appraisal. Here's a second chance to purchase an exceptional South Shore brick 3-flat offering income from day one, potential built-in equity, and significant room to grow! This well-maintained building features THREE JUMBO approximately 1,700 SF apartments, each with 3 bedrooms and 2 full bathrooms-9 bedrooms and 6 baths total. Enjoy spacious living rooms, formal dining rooms, hardwood floors, generous bedrooms, and layouts rarely found at this price. Fully occupied by established, long-term residents with a consistent payment history; ALL TENANTS PAID OCTOBER 2026 RENT ON TIME! Scheduled income is $3,912/month or $46,944/year, and all three tenancies are month-to-month, providing future flexibility subject to applicable tenant rights and notice requirements. INVESTORS: THE RENTAL UPSIDE IS SUBSTANTIAL! A rental comparable analysis identified an approximately $2,037/month average for similar 3-bedroom apartments within one mile. If all three units eventually reached that benchmark, gross scheduled rent could total $6,111/month or $73,332/year-an increase of $2,199/month or $26,388/year (about 56%). Unit 2 currently rents for $1,287/month; a CHA increase to $2,000/month has been requested and is pending approval, potentially adding $713/month or $8,556/year if approved. OWNER-OCCUPANTS: HOUSE HACK! When legally available, occupy one spacious 3-bedroom/2-bath unit and collect rent from the other two to help offset ownership costs. Tenants pay their own gas, heat, and electricity; each apartment has separate forced-air heating and individual controls. The full basement offers tenant and landlord storage, natural-gas basement heat, and coin-laundry facilities as reported in the prior listing. Its size, ceiling height, layout, and access may present an opportunity to investigate additional living space, a garden unit, or ADU, subject to zoning, permits, City approval, and buyer due diligence. An OWNED DETACHED 3-CAR GARAGE adds value! The prior listing reported a newer tear-off main-building roof with transferable warranty and a 2020 tear-off garage roof; buyers should verify. LET'S TALK EQUITY: The previous $575,000 FHA appraisal is $25,000 above today's $550,000 asking price, offering potential immediate equity (not guaranteed). Comparable-market analysis also identified renovated multifamily properties with finished garden space selling in the $700,000+ range-suggesting a potential $150,000+ gross valuation spread versus asking through thoughtful improvements, rent growth, and maximizing existing space. Comparable properties differ and future value is not guaranteed. Located in established South Shore near the lakefront, beaches, schools, shopping, and neighborhood amenities. Whether you're an investor seeking a performing asset or an owner-occupant seeking rental assistance with your mortgage, don't miss this opportunity! NEW SHOWING DATES WILL BE ANNOUNCED as management coordinates with residents to welcome prospective buyers back into the property.

9 Beds ⋅ 6 Baths ⋅ 12740010 MLS ⋅ ACTIVE Status

BACK ON THE MARKET THROUGH NO FAULT OF THE PROPERTY! PRIOR FHA APPRAISAL: $575,000-$25,000 ABOVE THE $550,000 ASKING PRICE, WITH NO APPRAISER-REQUIRED REPAIRS! The previous FHA buyer reached the week of closing but could not proceed due to an unexpected family medical emergency, completely unrelated to the property, inspection, or appraisal. Here's a second chance to purchase an exceptional South Shore brick 3-flat offering income from day one, potential built-in equity, and significant room to grow! This well-maintained building features THREE JUMBO approximately 1,700 SF apartments, each with 3 bedrooms and 2 full bathrooms-9 bedrooms and 6 baths total. Enjoy spacious living rooms, formal dining rooms, hardwood floors, generous bedrooms, and layouts rarely found at this price. Fully occupied by established, long-term residents with a consistent payment history; ALL TENANTS PAID OCTOBER 2026 RENT ON TIME! Scheduled income is $3,912/month or $46,944/year, and all three tenancies are month-to-month, providing future flexibility subject to applicable tenant rights and notice requirements. INVESTORS: THE RENTAL UPSIDE IS SUBSTANTIAL! A rental comparable analysis identified an approximately $2,037/month average for similar 3-bedroom apartments within one mile. If all three units eventually reached that benchmark, gross scheduled rent could total $6,111/month or $73,332/year-an increase of $2,199/month or $26,388/year (about 56%). Unit 2 currently rents for $1,287/month; a CHA increase to $2,000/month has been requested and is pending approval, potentially adding $713/month or $8,556/year if approved. OWNER-OCCUPANTS: HOUSE HACK! When legally available, occupy one spacious 3-bedroom/2-bath unit and collect rent from the other two to help offset ownership costs. Tenants pay their own gas, heat, and electricity; each apartment has separate forced-air heating and individual controls. The full basement offers tenant and landlord storage, natural-gas basement heat, and coin-laundry facilities as reported in the prior listing. Its size, ceiling height, layout, and access may present an opportunity to investigate additional living space, a garden unit, or ADU, subject to zoning, permits, City approval, and buyer due diligence. An OWNED DETACHED 3-CAR GARAGE adds value! The prior listing reported a newer tear-off main-building roof with transferable warranty and a 2020 tear-off garage roof; buyers should verify. LET'S TALK EQUITY: The previous $575,000 FHA appraisal is $25,000 above today's $550,000 asking price, offering potential immediate equity (not guaranteed). Comparable-market analysis also identified renovated multifamily properties with finished garden space selling in the $700,000+ range-suggesting a potential $150,000+ gross valuation spread versus asking through thoughtful improvements, rent growth, and maximizing existing space. Comparable properties differ and future value is not guaranteed. Located in established South Shore near the lakefront, beaches, schools, shopping, and neighborhood amenities. Whether you're an investor seeking a performing asset or an owner-occupant seeking rental assistance with your mortgage, don't miss this opportunity! NEW SHOWING DATES WILL BE ANNOUNCED as management coordinates with residents to welcome prospective buyers back into the property.

7414 S Chappel Avenue, Chicago

$615,000

Fabulous opportunity to own a spacious South Shore two-flat-perfect for an owner-occupant. Each unit offers four generously sized bedrooms and two full baths, along with expansive living and dining areas, a bright sunroom, and a large open kitchen featuring an island and stainless steel appliances. Enjoy outdoor living with a newer rear deck, a two-car garage, and a sizable backyard. The full basement presents excellent potential for a third unit, with ADU approval-an outstanding value-add opportunity. Ideally located near South Shore's beautiful beaches and boat docks, the Museum of Science and Industry, and a variety of shopping and dining options. Convenient access to downtown via bus, train, or Lake Shore Drive. Adding to the area's appeal, a new family entertainment center is scheduled to break ground in Spring 2026. FIRST FLOOR WILL BE SHOWN ONLY. OCCUPIED SECOND FLOOR CAN BE SHOWN WITH AN OFFER.

8 Beds ⋅ 4 Baths ⋅ 12532711 MLS ⋅ CLOSED Status

Fabulous opportunity to own a spacious South Shore two-flat-perfect for an owner-occupant. Each unit offers four generously sized bedrooms and two full baths, along with expansive living and dining areas, a bright sunroom, and a large open kitchen featuring an island and stainless steel appliances. Enjoy outdoor living with a newer rear deck, a two-car garage, and a sizable backyard. The full basement presents excellent potential for a third unit, with ADU approval-an outstanding value-add opportunity. Ideally located near South Shore's beautiful beaches and boat docks, the Museum of Science and Industry, and a variety of shopping and dining options. Convenient access to downtown via bus, train, or Lake Shore Drive. Adding to the area's appeal, a new family entertainment center is scheduled to break ground in Spring 2026. FIRST FLOOR WILL BE SHOWN ONLY. OCCUPIED SECOND FLOOR CAN BE SHOWN WITH AN OFFER.

6818 S Chappel Avenue, Chicago

$500,000

Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!

12368959 MLS ⋅ CLOSED Status

Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!

7515 S Phillips Avenue, Chicago

$310,000

This lovely, well-maintained, brick 2-unit features 3 bedrooms in each! These units also have lovely refinished hardwood floors throughout, a full living room and separate dining room, separate utilities, large backyard, concrete 2-car parking pad! A full unfinished basement with over 7 feet ceilings with front and back entrances! Bring your renovation ideas to finish the basement and potentially add a legal 3rd unit or garden unit with the City of Chicago's ADU (additional dwelling unit) program/initiatives! The property will also have a brand new back porch before closing and seller is willing to pay buyer's closing cost! Very similar layout for both units. Sold As Is. Schedule your walkthrough today!

6 Beds ⋅ 2 Baths ⋅ 12117399 MLS ⋅ CLOSED Status

This lovely, well-maintained, brick 2-unit features 3 bedrooms in each! These units also have lovely refinished hardwood floors throughout, a full living room and separate dining room, separate utilities, large backyard, concrete 2-car parking pad! A full unfinished basement with over 7 feet ceilings with front and back entrances! Bring your renovation ideas to finish the basement and potentially add a legal 3rd unit or garden unit with the City of Chicago's ADU (additional dwelling unit) program/initiatives! The property will also have a brand new back porch before closing and seller is willing to pay buyer's closing cost! Very similar layout for both units. Sold As Is. Schedule your walkthrough today!

7843 S Cregier Avenue, Chicago

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