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9 Beds ⋅ 6 Baths ⋅ 12664985 MLS ⋅ PENDING Status

This is the one you've been waiting for! Welcome to 6835 S. Clyde Avenue, a stunning all-brick 3-flat in the heart of South Shore, just moments from Jackson Park, the lakefront, beaches, marinas, golf courses, Hyde Park, the University of Chicago, and the transformative Obama Presidential Center. Fully gutted and meticulously renovated from top to bottom, this exceptional property showcases high-end finishes, quality craftsmanship, and thoughtful design throughout, with no expense spared. Each of the three expansive units features a highly desirable 3-bedroom, 2-bathroom layout, offering outstanding flexibility for owner-occupants, house hackers, or those seeking high rental income. One unit is currently operating as a successful short-term rental, demonstrating the property's exceptional income-producing potential. The building also features a full basement with additional possibilities, a solid brick 2-car garage, and outdoor space perfect for entertaining and enjoying Chicago summers. Situated in a rapidly growing lakefront community benefiting from significant public and private investment, this turnkey multifamily property offers the rare combination of luxury finishes, prime location, and exceptional income potential. Whether you're looking to owner-occupy one unit while generating rental income from the other, or add a high-performing asset to your investment portfolio, this is a rare opportunity that doesn't come around often. Properties with this combination of location, flexibility, and income potential are seldom available on the market.

6835 S Clyde Avenue, Chicago

$410,000

6 Beds ⋅ 5 Baths ⋅ 12223351 MLS ⋅ CLOSED Status

***SELLER SAYS SELL!!! TWO COMPLETELY SEPARATE UNITS*** Welcome to one of the most UNIQUE PROPERTIES in all of the highly sought SOUTH SHORE area. Whether you have a LARGE FAMILY or are the smart INVESTOR looking for that PERFECT portfolio ASSET, this is the place for you. This property possesses 2 completely REMODELED homes on one lot: The FRONT HOME has 3 bedrooms and 2.5 baths, REAR HOME has 3 bedrooms and 2 baths AND IS RENTED FOR MARKET RATE. Both feature NEW KITCHENS boasting CUSTOM CABINETS with QUARTZ COUNTERS and brand new STAINLESS APPLIANCES. All baths are rehabbed with ornate tile inlays. There are UPDATED electric, plumbing and HVAC systems as well as LAUNDRY IN EACH UNIT. The front home features a NEW ROOF. The rear home has a LARGE WOODEN DECK in front great for getting some outdoor time. This property is the PERFECT IN-LAW LIVING/EXTENDED FAMILY situation or INVESTMENT RENTALS that could garner ALMOST 2000 a month each leased(REAR HOME IS LEASED). Its location and set-up cater to an IDEAL AirBNB opportunity. METRA to HYDE PARK, McCormick Place, Museum Campus and downtown is a HALF BLOCK AWAY. The amazing Chicago LAKEFRONT, two golf courses and the new OBAMA LIBRARY are less than 2 miles. This can live like a single family with the "PERKS" of a two-flat. This IS what you've been looking for so set up your viewing today. VERY MOTIVATED SELLER SO BRING AN OFFER( Sold as/is)

7148 S Cornell Avenue, Chicago

$370,000

3 Beds ⋅ 2 Baths ⋅ 12223081 MLS ⋅ CLOSED Status

***Asking price is only $375,000 - Estimated After-Repair-Value is $671,000*** Discover a rare investment opportunity in South Shore with this massive, golden brick three-flat offering 4,158 square feet of living space and tremendous potential for expansion. Perfect for an owner-occupant looking to house hack, this property allows you to live in one unit while renting out the other two, with the potential to convert the spacious basement into a fourth livable unit for even more rental income. Each of the three units boasts three bedrooms, two full bathrooms, original hardwood floors, and separate living and dining rooms, providing a solid foundation for strong rental income or an owner-occupant setup. Major upgrades have been completed, including a new tear off roof (2020), a brand-new back porch (2025, city-approved), two new furnaces (2024), all-new copper water lines (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system has been updated in recent years, and two attic condensers are already in place for potential central air installation. While the property does need some work, there is significant equity upside for a buyer willing to complete the renovations. With fully renovated units in the area renting for an average of $1,913 per month, this property can generate an estimated $5,739 in gross monthly rental income, potentially covering the majority, if not all, of your housing expenses. The basement, with its high ceilings and ample space, offers the opportunity for conversion into a livable unit, boosting the revenue potential to over $7,000 per month. This property is an excellent candidate for a buyer looking to take advantage of an FHA 203k construction loan to complete the necessary renovations and unlock its full value. Located near Lake Michigan, Jackson Park Golf Course, the Obama Presidential Library, public transit, and major highways, this property provides easy access to everything South Shore has to offer. Recent sales of fully renovated three-unit properties within a one-mile radius have averaged $671,000, providing substantial equity upside for a buyer willing to put in the work. Whether you're an investor or a savvy homeowner looking for a way to reduce living expenses and build equity, this property is a unique opportunity. The owner has addressed a minor furnace violation, and the property will be delivered free of code violations at closing. Priced to sell, schedule your showing today! Property sold AS-IS.

7712 S Jeffery Boulevard, Chicago

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