About This Property

Fantastic investment opportunity to own a turnkey, income-producing property in the heart of Portage Park. This solid brick building features a legal two-flat plus a fully finished garden-level in-law apartment, offering excellent cash flow and flexibility for both investors and owner-occupants looking to decrease their mortgage expense by living in one unit and renting out the others. Located on vibrant Addison Street, the property is well-maintained and recently updated. The second-floor and garden units have been fully remodeled and feature spacious living and dining areas, updated bathrooms, new windows, and modern kitchens with plenty of cabinet space and updated appliances. The first-floor unit includes three bedrooms and one bathroom. The second-floor unit offers four bedrooms and one bathroom. Both main units feature classic hardwood floors, ceiling fans, with a separate living and dining room, along with an eat-in kitchen and a bright, open layout. The current rental income includes $1,239/month from the garden-level apartment, $2,200/month from the first-floor unit, and $2,565/month from the second-floor unit-bringing the total to $6,004/month or $72,048/annually. Additional features include a fenced backyard, shared patio, common laundry area, and a two-car garage generating additional income. Conveniently located near public transit, major expressways, parks, and everyday essentials like Walmart, ALDI, and Home Depot. Just six miles from Wrigley Field, this property benefits from high rental demand and long-term value in a desirable neighborhood. **FHA buyers are welcome.

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