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Sanjay Marathe

sanjaym@kw.com +1(630) 915-2970

$ 469,000

Est. payment | -/mo

6 Beds

2 Baths

3,920 Sqft Lot

Save

$ 469,000

Est. payment | -/mo

Save

6 Beds

2 Baths

3,920 Sqft Lot

Open House

Thu Apr 23, 3:00pm - 5:00pm

Sat Apr 25, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12583940

Bedrooms 6

Year Built 1927

Annual Tax Amount $3,383

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 32X125

Property Sub-Type Two to Four Units

Property Description

Turn-key brick 2-unit in Auburn Gresham that WILL NOT DISAPPOINT-this property delivers exceptional craftsmanship, thoughtful updates, and strong income potential for both investors and owner-occupants. Each spacious 3-bedroom unit offers an open layout with beautiful modern flooring, updated kitchens and bathrooms, stainless steel appliances including dishwashers, and large soaking tubs, all designed to impress and attract quality tenants. The building features MAJOR CAPITAL IMPROVEMENTS including TWO BRAND NEW FURNACES, a BRAND NEW CENTRAL AC SYSTEM, BRAND NEW HOT WATER TANKS, and a BRAND NEW ROOF-providing peace of mind and minimizing future expenses. The WALK-OUT BASEMENT offers OVER 7-FOOT CEILINGS and an expansive footprint with the potential to be finished into a THIRD UNIT, creating a significant value-add opportunity. Based on comparable three-unit sales within the past six months and within a one-mile radius, the after repair value is estimated around $556,000, offering clear upside for buyers looking to maximize the property's potential. Seller is also INCLUDING a NEW LAUNDRY SYSTEM with washer/dryer hookup, adding another layer of convenience and income potential. With updated 3-bedroom units renting for $1,800+ per month-and additional income from garage parking and laundry usage-total revenue per unit can realistically exceed $2,000/month, making this an IDEAL HOUSE HACK or STRONG CASH-FLOWING ASSET. The property also includes a PRIVATE BACKYARD, a LARGE 2-CAR GARAGE WITH HIGH CEILINGS, and brand new carpeting in the common hallways for a clean, modern feel throughout. Conveniently located near shopping, transportation, and major retailers like Walmart, this is a rare opportunity to secure a high-performing property in a solid neighborhood. This one will not last much longer!

Location

State IL

County Cook

Area Chi - Auburn Gresham

Zoning MULTI

Rooms

Basement Unfinished, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Applegate of Straight-A Realty, LLC

Nearby Locations

GET MORE INFORMATION

Sanjay Marathe

REALTOR® | Lic# 475168373

sanjaym@kw.com

+1(630) 915-2970

608 S Washington St. Suite100, Naperville, IL, 60540

8210 S Justine ST Chicago, IL 60620

Sanjay Marathe

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

8210 S Justine ST