Chicagorealestatesource.com Search Results

$585,000

Well-maintained and solid all-brick 4 unit building situated on an oversized lot in the desirable South Shore area of Chicago. The building features a desirable unit mix of two spacious 2-bedroom/1-bath units, two large 1-bedroom/1-bath units. A detached all-brick garage provides additional income potential and added tenant convenience. Major mechanical updates have already been completed, including updated electrical and plumbing systems. The interiors have been thoughtfully upgraded with new flooring, modernized kitchens, updated bathrooms, and newer appliances-creating a truly turnkey investment. The location is just minutes from the lakefront, beaches, and parks, and in close proximity to the highly anticipated Barack Obama Presidential Center, adding strong future growth and appreciation potential. This well-cared-for property presents a strong opportunity for investors seeking multiple income streams or for an owner-occupant looking to balance their mortgage with rental and short-term income. A versatile asset with built-in upside-ready for its next owner.

7 Beds ⋅ 5 Baths ⋅ 12579497 MLS ⋅ CLOSED Status

Well-maintained and solid all-brick 4 unit building situated on an oversized lot in the desirable South Shore area of Chicago. The building features a desirable unit mix of two spacious 2-bedroom/1-bath units, two large 1-bedroom/1-bath units. A detached all-brick garage provides additional income potential and added tenant convenience. Major mechanical updates have already been completed, including updated electrical and plumbing systems. The interiors have been thoughtfully upgraded with new flooring, modernized kitchens, updated bathrooms, and newer appliances-creating a truly turnkey investment. The location is just minutes from the lakefront, beaches, and parks, and in close proximity to the highly anticipated Barack Obama Presidential Center, adding strong future growth and appreciation potential. This well-cared-for property presents a strong opportunity for investors seeking multiple income streams or for an owner-occupant looking to balance their mortgage with rental and short-term income. A versatile asset with built-in upside-ready for its next owner.

2052 E 80Th Street, Chicago

$480,000

Beautiful Brick 4 Unit with Recent May/June 2025 Updates that give you a turn key ready building with units with great layouts and updates. The units have Large Living and Dining Rooms, Fireplaces and Large Pantry's W/ Laundry Hookups. Each Unit now has it's own furnace. There are 11 bedrooms total and 4 baths. 3 are 3 bed units and one is a 2 bed. Out of the 4 units currently 2 are professionally term-leased apartments ( 2 of 4 units vacated so buyer can owner occupy/take over ). We just updated building again this June 2025 to get ready for market: we prepped with Furnaces, Additional Electrical Updates, Plumbing Updates & Fixtures, Large Roof Improvement (ReCoated Roof), Replaced Many windows, and Fully Repaint/Redo of 2 Units. Back deck was just beefed up, and we Resodded back yard. By owning this lot we have good news: in June we started application to buy lot next door from city and you can take it over and work on buying lot next door. Location also across from Grammar School and national landmark, and another Charter School w playground on other corner. There are Cta 6 bus routes, and 2 Metra stations(south shore) are walkable. The Lakefront is short walk and 2 Parks entice you on the way (2 blocks east is New Park and further on Lake side is Steelmakers park w fishing canal). Driving: 90/94 2 minutes and Walmart/Indiana border/Casino is minutes away. All transportation options for renters are satisfied due to this, as well as, a short walk to grocery and Dunkin/Eating on 91st. The Quantum center is going nearby on Lake in 26 so we hope you buy and hold and realize appreciation for the patient investor. BIG ADD ON: In June we requested and received support to buy LOT NEXT DOOR (9039 to south) so buyer could take on this application/qualified by this owner from city in the October/Fall via Adjacent Lot Program if handled quickly after sale. Owning this building likely favors you for the land and a discount on it. Tenants in good standing. Can show 2 units easily and others with video and entry after offer . Eviction on top floor unit is pending-judgement received in late May, Tenant will be out prior to closing.

11 Beds ⋅ 4 Baths ⋅ 12371085 MLS ⋅ CLOSED Status

Beautiful Brick 4 Unit with Recent May/June 2025 Updates that give you a turn key ready building with units with great layouts and updates. The units have Large Living and Dining Rooms, Fireplaces and Large Pantry's W/ Laundry Hookups. Each Unit now has it's own furnace. There are 11 bedrooms total and 4 baths. 3 are 3 bed units and one is a 2 bed. Out of the 4 units currently 2 are professionally term-leased apartments ( 2 of 4 units vacated so buyer can owner occupy/take over ). We just updated building again this June 2025 to get ready for market: we prepped with Furnaces, Additional Electrical Updates, Plumbing Updates & Fixtures, Large Roof Improvement (ReCoated Roof), Replaced Many windows, and Fully Repaint/Redo of 2 Units. Back deck was just beefed up, and we Resodded back yard. By owning this lot we have good news: in June we started application to buy lot next door from city and you can take it over and work on buying lot next door. Location also across from Grammar School and national landmark, and another Charter School w playground on other corner. There are Cta 6 bus routes, and 2 Metra stations(south shore) are walkable. The Lakefront is short walk and 2 Parks entice you on the way (2 blocks east is New Park and further on Lake side is Steelmakers park w fishing canal). Driving: 90/94 2 minutes and Walmart/Indiana border/Casino is minutes away. All transportation options for renters are satisfied due to this, as well as, a short walk to grocery and Dunkin/Eating on 91st. The Quantum center is going nearby on Lake in 26 so we hope you buy and hold and realize appreciation for the patient investor. BIG ADD ON: In June we requested and received support to buy LOT NEXT DOOR (9039 to south) so buyer could take on this application/qualified by this owner from city in the October/Fall via Adjacent Lot Program if handled quickly after sale. Owning this building likely favors you for the land and a discount on it. Tenants in good standing. Can show 2 units easily and others with video and entry after offer . Eviction on top floor unit is pending-judgement received in late May, Tenant will be out prior to closing.

9035 S Burley Avenue, Chicago

$256,000

Rehab Project!!! Exciting changes are happening in South Shore, and this 4-unit building at 7924 S. Essex puts you right in the heart of it! This property offers an excellent opportunity to take on a rehab project and build significant equity. With major economic development underway, now is the time to secure your spot in one of Chicago's most promising neighborhoods. Just a short distance away, the upcoming mixed-use entertainment center at 7052 S. Jeffrey will bring a Creole restaurant, dine-in cinema, bowling alley, and event space-turning the area into a hotspot for dining and entertainment. South Shore is on the rise, with major investments reshaping the community. The Thrive Exchange project, a multi-million dollar mixed-use development at 7901 S. Exchange, will bring 43 affordable workforce housing units, retail spaces, and offices for Neighborhood Housing Services. Designed with community growth in mind, it will also feature a retail plaza, tenant amenities, and pedestrian-friendly spaces that enhance connectivity. This transformative project, backed by both public and private funding, is a game-changer for the area, providing new opportunities for businesses and residents alike. Additionally, the Obama Presidential Library is set to attract businesses, restaurants, and cultural destinations, adding long-term value. Improved infrastructure, better public transit, and planned green spaces are only adding to the area's appeal. With growing accessibility, easy transit access, and proximity to all these exciting changes, this property provides the perfect opportunity for someone to renovate the building and take advantage of the high ARV (After Repair Value). Whether you're looking to live in the building or invest in the area's booming market, this rehab project is the chance you don't want to miss to build equity and be part of South Shore's transformation!

10 Beds ⋅ 7 Baths ⋅ 12372063 MLS ⋅ CLOSED Status

Rehab Project!!! Exciting changes are happening in South Shore, and this 4-unit building at 7924 S. Essex puts you right in the heart of it! This property offers an excellent opportunity to take on a rehab project and build significant equity. With major economic development underway, now is the time to secure your spot in one of Chicago's most promising neighborhoods. Just a short distance away, the upcoming mixed-use entertainment center at 7052 S. Jeffrey will bring a Creole restaurant, dine-in cinema, bowling alley, and event space-turning the area into a hotspot for dining and entertainment. South Shore is on the rise, with major investments reshaping the community. The Thrive Exchange project, a multi-million dollar mixed-use development at 7901 S. Exchange, will bring 43 affordable workforce housing units, retail spaces, and offices for Neighborhood Housing Services. Designed with community growth in mind, it will also feature a retail plaza, tenant amenities, and pedestrian-friendly spaces that enhance connectivity. This transformative project, backed by both public and private funding, is a game-changer for the area, providing new opportunities for businesses and residents alike. Additionally, the Obama Presidential Library is set to attract businesses, restaurants, and cultural destinations, adding long-term value. Improved infrastructure, better public transit, and planned green spaces are only adding to the area's appeal. With growing accessibility, easy transit access, and proximity to all these exciting changes, this property provides the perfect opportunity for someone to renovate the building and take advantage of the high ARV (After Repair Value). Whether you're looking to live in the building or invest in the area's booming market, this rehab project is the chance you don't want to miss to build equity and be part of South Shore's transformation!

7924 S Essex Avenue, Chicago

$160,000

Schedule your tour today of this single family home nestled on a South Shore DOUBLE lot! Greeted with a new, spacious deck, you will walk through the front door that enters to a generously sized foyer that boasts a stunning crystal chandelier and great storage. The foyer then leads to a sprawling, open concept living room/dining room combo complete with newer light fixtures and beautiful bamboo flooring. The heart of the home is the newly finished kitchen, adorned with white shaker cabinets, stainless steel appliances, black sparkling quartz countertop and sleek backsplash to compliment! You're sure to love the eat-in breakfast area and vast STORAGE for added function. The main level also features the primary bedroom and recently finished bathroom complete with modern features like a glass shower and sensor- automated faucets. The home's lower level offers three additional bedrooms and full bath, ideal for a roommate, short term rental, or AirBNB situation! You're sure to love the lower level bathroom complete with tasteful finishes like a double vanity, recessed lighting, and a glass shower. PLUS a full attic great for storage solutions or easily to be converted to a primary suite; plumbing already roughed-in! Take advantage of other perks like ULTRA LOW property taxes and close proximity to Lake Shore Drive, Rainbow Beach Park, and I-90! Investors bring your ideas!

4 Beds ⋅ 2 Baths ⋅ 11986299 MLS ⋅ CLOSED Status

Schedule your tour today of this single family home nestled on a South Shore DOUBLE lot! Greeted with a new, spacious deck, you will walk through the front door that enters to a generously sized foyer that boasts a stunning crystal chandelier and great storage. The foyer then leads to a sprawling, open concept living room/dining room combo complete with newer light fixtures and beautiful bamboo flooring. The heart of the home is the newly finished kitchen, adorned with white shaker cabinets, stainless steel appliances, black sparkling quartz countertop and sleek backsplash to compliment! You're sure to love the eat-in breakfast area and vast STORAGE for added function. The main level also features the primary bedroom and recently finished bathroom complete with modern features like a glass shower and sensor- automated faucets. The home's lower level offers three additional bedrooms and full bath, ideal for a roommate, short term rental, or AirBNB situation! You're sure to love the lower level bathroom complete with tasteful finishes like a double vanity, recessed lighting, and a glass shower. PLUS a full attic great for storage solutions or easily to be converted to a primary suite; plumbing already roughed-in! Take advantage of other perks like ULTRA LOW property taxes and close proximity to Lake Shore Drive, Rainbow Beach Park, and I-90! Investors bring your ideas!

8414 S Colfax Avenue, Chicago

$111,000

Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.

3 Beds ⋅ 2 Baths ⋅ 11793541 MLS ⋅ CLOSED Status

Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.

8606 S Colfax Avenue, Chicago