$700,000

2318 S Homan Avenue, Chicago, IL 60623, US

Summary

Year Built: 1908

Moving Quotes

primary photo for 2318 S Homan Avenue, Chicago, IL 60623, US

Remarks

Prime Multi-Family Investment Opportunity in Little Village, Chicago Discover this well-maintained multi-family building located in the heart of Chicago's vibrant Little Village neighborhood. Offering a blend of modern updates and strong rental upside potential. Property Highlights: Individual Heat & Water Heaters: Each unit comes equipped with its own furnace heating system and water heater, providing tenants with control over their utilities and reducing owner expenses. Modern Electrical Systems: The units have been recently upgraded with new wiring, ensuring a safe and reliable electrical setup for all residents to code. Updated Kitchens & Baths: Every unit features contemporary kitchens and bathrooms, complete with modern fixtures, cabinetry, and finishes, making the apartments highly desirable to tenants. Strong Rental Upside: With the improvements already in place and the growing demand in this bustling area, there is significant potential for rental rate increases, offering an attractive return on investment. Located in Little Village, a community known for its rich culture, dining, and shopping options, this building is perfectly positioned to capitalize on the neighborhood's ongoing growth. With easy access to public transportation, parks, and schools, this property offers a prime opportunity to own in one of Chicago's most dynamic areas. A high-performing asset with both immediate cash flow and long-term value appreciation!

Details

MLS#: 12270550
Price: $700,000

Year Built: 1908

County: Cook
Lot Size: 25X125
Tax Fee: 6118

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Broker Contact

33 Realty
357 W. Chicago Ave.
Chicago, IL, 60654
US
33 Realty
! 773-327-4975
! info@33realty.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Midwest Real Estate Data, LLC
Last updated: 2025-01-28T10:23:01.000-05:00.
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