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About the Listing 84146 - 878010,884443
2318 S Homan Ave is a well-maintained and thoughtfully updated 6-unit multifamily investment property located in the heart of Chicago's vibrant Little Village neighborhood. This solid brick building has seen extensive capital improvements, presenting an excellent opportunity for a savvy investor seeking both strong in-place cash flow and long-term upside. Each apartment is equipped with newer furnaces and hot water heaters, copper plumbing throughout, and updated kitchens featuring newer stoves, refrigerators, and select cabinet upgrades. The building has been fully updated with new electrical service, conduit and wiring with individual electrical panels for each unit. Exterior improvements include tuckpointing and a newly constructed two-car garage. There is also an opportunity to add a legal 7th unit in the unfinished attic space that spans the entire building. With stable operations and clear potential for rent growth through lease renewals, this property offers the ability to further enhance returns while benefiting from a well-improved asset. A strong multifamily investment with attractive current income and long-term appreciation potential-an excellent addition to any real estate portfolio.
Listing Highlights
Status
Pending
Days on Site
43
Property Type
Multi-Family
MLS ®
12553916
Year Built
1908
Total Square Footage
0
Lot/Acreage
0.07
County
Cook
Area
CHI - South Lawndale
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Central Heat/Indiv Controls,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25X125
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: Detached
Financial Details
- Tax Amount: $9,119
- Taxes w/Assessments: N/A
- Tax/Property ID: 16262110290000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
2318 S Homan Ave Chicago, IL 60623
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