Eric Schlutz, ALC
Description
Extremely Rare Investment Opportunity in Auburn Gresham! Unlock the potential of this unique multi-parcel property - featuring 2 separate buildings, 2 garages, and 1 vacant lot, all included in one unbeatable package. This income-generating property offers: 3 Residential Units plus a non-conforming unit for additional rental income. Recently renovated interiors with brand-new kitchens, updated bathrooms, fresh paint, quartz countertops, and luxury vinyl plank (LVP) flooring throughout. Garage space for 3 vehicles (a 2-car garage with a party door - perfect for entertaining - and a 1-car garage), plus a parking pad and rear fencing Whether you're an investor looking for strong long-term returns or a savvy buyer planning to live in one unit and rent the others, this property delivers flexibility and cash flow. Prime location near major transportation and popular retailers like Home Depot, Lowe's, Chipotle, Floor & Decor, and more. Opportunities like this in Auburn Gresham don't come around often - schedule your showing today. The 2-1 Bedrooms are currently rented at $1000 each so bringing in $2000 a month, just rented 1st floor unit at $1450, so total monthly income is $3450 with 1 vacant unit still, total potential income can be around $5100. Conventional or Cash Offers Only! Being Sold As Is. Please note 1 unit is considered non conforming.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 7
Bathrooms: 4
County: Cook
Listed By:
Ready Properties Inc
312-607-0203
MRED MLS
MLS ID: 12683264
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8900 S Normal Avenue , Chicago, IL 60620.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $459,900 | $459,900 | $459,900 |
| Down Payment | $91,980 | $16,097 | $114,975 |
| Monthly Mortgage Amount | $2,236 | $2,780 | $2,841 |
| Taxes | $640 | $640 | $640 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $202 | $0 |
| Monthly Estimated Total | $3,010 | $3,756 | $3,615 |
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