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$660,000
12192590 MLS CLOSED Status
Everybody wants Chatham, but only a few properties come up for sale that are in the heart of Chatham between State and King Drive. This 8-unit gem has been owned by one family since 1956. Has spacious units with dining rooms and large kitchens. There are 4 - 2 bedroom units and 4- 1bdrm units. Most units have dining rooms. Not found in the average commercial buildings. This property was built for family living. Has 4 car garage and ample rear yard for those lazy summer outdoor activities. Let's talk... This is a great building for a family or for an investor looking to get maximum return on investment. Cause everybody want to live in a community that shows the pride of ownership. Let's be clear, the current rents do not reflect earning potential because of long term tenants. The heirs have decided to give another owner the experience and pleasure of Chatham ownership. A Quiet block, close to schools, shopping and transportation. This is the heart of Chatham. A great place to raise a family or spend your retirement. No problem getting good tenants in this area. Come and see why Chatham is the most desirable far southside community in Chicago. This is an area with long term tenants and owners where neighbors really know each other. Buyers must be pre-qualified. No offer accepted without lender approval . This is not your typical apartment building. This property has been lovingly cared for by one family for more than sixty years. Roof was recently re-coated as part of regular maintenance program. Got a big family? This building is the answer to a prayer. This could be your ticket to generational wealth building.

7301 S Michigan Avenue, Chicago

$271,800
5 Beds 2 Baths 12138233 MLS CLOSED Status
Introducing a fantastic real estate opportunity in a highly sought-after neighborhood! This move-in ready two-unit property is a true gem. The seller has expertly preserved the old-world charm of beautiful wood accents while ensuring that the most important areas, the kitchen and bathroom, have been tastefully updated to meet modern standards. With this property, you have the perfect chance to live in one unit while renting out the other to help cover your mortgage expenses. It's a win-win situation that not only provides you with comfortable living space but also potential rental income. What sets this property apart is its location in a hot area with a track record of high comparables. Similar properties in the vicinity have sold for prices in the $400s, making this investment with a little more TLC even more appealing. Don't miss out on this opportunity to own a piece of real estate that combines classic charm with contemporary convenience in a thriving neighborhood!

6810 S Calumet Avenue, Chicago

$240,000
6 Beds 3 Baths 11706838 MLS CLOSED Status
Rarely available! This spacious, all-brick, corner 3-flat boasts large bedrooms and a partially-enclosed rear porch in all units, providing extra storage or closet space. The high first floor allows for the potential of additional living space at the basement level. Each apartment features separate HVAC units, as well as their own gas and electricity meters, ensuring convenience and autonomy for tenants. The property includes a 2-car garage that could be used for additional rental income. While the garage door may need replacement, this presents a perfect opportunity for customization. Nearby comparable properties show that the current rents are well below market value, presenting an excellent investment potential. Being sold as-is, this property offers a unique chance for those looking to seize an exciting real estate investment opportunity.

6927 S Prairie Avenue, Chicago



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