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About the Listing 27867 - 247911,264809,1018167
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!
Listing Highlights
Status
Pending
Days on Site
87
Property Type
Multi-Family
MLS ®
12583940
Year Built
1927
Total Square Footage
0
Lot/Acreage
0.09
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full,Walk-Out Access
- Other:
- Water: Lake Michigan,Public
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 32X125
- Zoning: MULTI
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage,Yes,Garage Owned,Detached
Financial Details
- Tax Amount: $3,383
- Taxes w/Assessments: N/A
- Tax/Property ID: 20321240250000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Questions About..
8210 S Justine St Chicago, IL 60620
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