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About the Listing 23541 - 247772,166990
2-Unit Investment Opportunity - Strong Upside Potential Well-maintained two-unit property with immediate income growth opportunity. Both units offer spacious layouts, making this an attractive rental property for long-term tenants. The first-floor unit features a flexible 4 bedroom layout. A long-term tenant with below-market rent is vacating, providing the ability to reset rent to current market rates and significantly improve cash flow. The second-floor unit offers 3 - 4 bedrooms and is currently vacant, allowing investors to immediately place a tenant at market rent or owner-occupy while generating income from the other unit. Each unit includes: In-unit laundry facilities, Separate newer HVAC, Brand-new water heaters, Additional updates include a newer roof, minimizing near-term capital expenses. With both units turning over, this property presents a rare opportunity to stabilize at full market rent from day one. Ideal for investors seeking a solid asset with upside potential, strong rental demand, and major mechanical updates already completed.
Listing Highlights
Status
Pending
Days on Site
19
Property Type
Multi-Family
MLS ®
12579737
Year Built
1889
Total Square Footage
0
Lot/Acreage
25 X 111
Interior Details
- Bedrooms: 8
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 25 X 111
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,879
- Taxes w/Assessments: N/A
- Tax/Property ID: 20091050200000
- Tax Year: 2022
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
4810 S Union Ave Chicago, IL 60609
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