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About the Listing 88266 - 890592,898929
Turnkey Brick 2-Flat | Fully Rehabbed | Income-Producing Day One Private Laundry Per Unit | Basement Storage | Duplex-Down Potential A rare opportunity to own a fully renovated, cash-flowing 2-flat with stable, long-term tenants already in place and rent hitting your account every month - no work, no waiting. The Units: Unit 1 - 2 bed | 1 bath | hardwood floors | updated kitchen Unit 2 - 3 bed | 1 bath | hardwood floors | updated kitchen Each unit features its own private laundry room and dedicated basement storage. Tenants pay all utilities. The Building: Comprehensively rehabbed in 2021 with updated plumbing and electrical throughout. Roof inspected and repaired. New back porch siding. Mechanically sound and genuinely low-maintenance - the heavy lifting is already done. The Upside: The large unfinished basement presents a compelling value-add play: rough plumbing is already in place for a duplex-down conversion, turning this 2-flat into a 3-unit and unlocking a significant additional income stream. Why It Works: Stable tenancy | Utilities paid by tenants | Rehabbed & move-in ready | Value-add conversion potential | Motivated seller
Listing Highlights
Status
Pending
Days on Site
22
Property Type
Multi-Family
MLS ®
12687589
Year Built
1920
Total Square Footage
0
Lot/Acreage
4375
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Exterior Entry,Full,Walk-Out Access
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 4375
- Zoning: MULTI
- Roof: Tar/Gravel
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,014
- Taxes w/Assessments: N/A
- Tax/Property ID: 20204120120000
- Tax Year: 2024
Payment Calculator
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Questions About..
6837 S Morgan St Chicago, IL 60621
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