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About the Listing 28369 - 923266
Cash-Flow Opportunity! Turnkey Rental Investment with an established tenant already in place. This tenant-occupied investment property is leased on a month-to-month basis, with the buyer to assume the tenancy and honor all tenant rights. Current rent is $1,480 per month, providing immediate rental income from day one. This split-level home features 4 bedrooms and 1.5 baths, including 3 bedrooms and a full bath on the upper level, a spacious living room, dining area, and kitchen on the main level, and a lower level with a 4th bedroom, half bath, family/bonus room, and utility room combined with a laundry area and shower stall. Hardwood flooring extends throughout the main and upper levels, while the lower level features ceramic tile flooring. Additional improvements include an updated full bath (2025), stove (2025), refrigerator (2023), gas forced-air furnace (2023), steel security door (2024), replacement of the west and south side siding (2019), and several newer windows, including two on the west side and the large north-facing picture window. The property also offers double-pane windows, a fenced yard with a combination of chain-link and wood fencing, and exterior parking spaces accessible from the alley. Conveniently located near public transportation with easy access to I-90/I-94 and downtown Chicago. Tenant pays Peoples Gas and ComEd; landlord pays water, sewer, garbage, and lawn care. Property is being sold strictly AS-IS. Portfolio Opportunity! Three tenant-occupied properties are available for purchase individually or as a package. All tenants are currently on month-to-month leases. Properties include: 1233 W. 73rd Place, Chicago, IL 60636-4137; 1647 W. 59th Street, Chicago, IL 60636-1754; and 6037 & 6039 S. Wood Street, Chicago, IL 60636-2201.
Listing Highlights
Status
Active
Days on Site
39
Property Type
Residential
MLS ®
12670558
Year Built
1971
Total Square Footage
969
Lot/Acreage
0.07
County
Cook
Area
CHI - West Englewood
School District
299
Elementary School
O'Toole Elementary School
Middle School
O'Toole Elementary School
High School
John Hope College Preparatory Se
Interior Details
- Bedrooms: 4
- Bathrooms: 1 Full / 1 Half
- Appliances: Range, Refrigerator, CO Detectors,Water Heater-Gas
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces: 0
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Partial
- Other: Replacement Windows
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 25 x 125
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Asphalt,Off Alley,Alley Access,Yes,Owned
Financial Details
- Tax Amount: $1,648
- Taxes w/Assessments: N/A
- Tax/Property ID: 20184060050000
- Tax Year: 2024
Payment Calculator
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Questions About..
1647 W 59th St Chicago, IL 60636
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