$695,000
Chicago, IL 60624
About This Property
FULLY RENOVATED and fully occupied, this stabilized 3-unit asset offers highly predictable cash flow supported by Chicago Housing Authority (CHA) rental payments, providing dependable income regardless of market fluctuations. All units are leased, creating immediate and consistent revenue from day one. 2024 renovation significantly reduces future capital expenditure, with upgrades including new electrical, plumbing, HVAC systems, furnaces, A/C units, drywall, flooring, and appliances. These improvements position the property for low maintenance and operational efficiency over the long term. The offering also includes adjacent architectural drawings and an additional lot, presenting valuable future development or expansion potential. Combined with strong in-place income and minimized deferred maintenance, this property delivers both stability today and upside tomorrow.
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