Closed

$499,000

3048 80th Street, Chicago, IL 60617
9 Beds3 Baths10 days
3048 80th Street·Chicago, IL 60617
9Bedrooms
3Bathrooms
1922Year Built
About This Home

This fully renovated legal 2-flat, with a bonus 3rd unit in the garden apartment, is an incredible investment and living opportunity in the South Chicago neighborhood. Completely rehabbed in 2022, this building features three spacious 3-bedroom, 1-bath units, each with brand-new stainless steel appliances. The garden unit is perfect for an owner's suite, offering comfortable living with the added bonus of being vacant at closing for immediate occupancy. Unit 1 also includes a washer and dryer, while the second-floor unit offers potential for future expansion, with an unfinished attic that could be duplexed up to add more bedrooms and bathrooms for increased rental income. The building is currently generating $3,200 per month with excellent tenants who take great care of their apartments and pay rent on time. This is an ideal house hacking opportunity, as the revenue from the tenants helps cover a significant portion of the owner's living expenses. The property is professionally managed, well-maintained, and turn-key, making it a fantastic addition to any investor's portfolio. Situated just blocks from Rainbow Beach Park, with the new bike trail and the South Side Quantum Computing Campus nearby, this location is poised for future growth. Whether you're looking to live in the garden unit or expand the second-floor unit for additional rental income, this property offers both immediate comfort and long-term potential in a thriving South Chicago neighborhood.

MLS# 12353007Listed May 2, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms16

Size & Structure

Garage Spaces2
Year Built1922
Lot Size0.100 acres

Location

CountyCook
TownshipHyde Park
Zip Code60617

Financial

List Price$499,000
Annual Taxes (2023)$2,293
Monthly Tax Est.$191
Parcel #21312050360000
Interior Features

Heating

Natural GasForced Air

Basement

FinishedExterior EntrySleeping AreaFullWalk-Out Access
Exterior & Lot

Construction

Brick

Roof

Asphalt

Exterior Features

Balcony

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Garage Door OpenerOn SiteGarage OwnedDetachedGarage
HOA & Community

Community Features

SidewalksStreet Paved
Tax & Financial
Annual Taxes
$2,293
Tax Year 2023
Monthly Tax Est.
$191
per month
Property Location

3048 80th Street, Chicago, IL 60617Cook County

$499,000
3048 80th Street
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
10 days on market
2-car garage
0.100 acres
$2,293/yr taxes
$2,814
estimated monthly payment
Principal & Interest
$2,622/mo
Property Tax
$191/mo
$499,000
20% — $99,800
3%50%
6.875%
3%12%
Loan Amount
$399,200
Down Payment
$99,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Straight-A Realty, LLC
Agent: Michael Applegate
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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