Address
7842-7844 S Union Avenue, Chicago, IL
Price
$ 500,000
Property Attributes
- MLS#12050333
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Auburn Gresham
- NeighborhoodEnglewood
- Zip60620
- Style
- Year Built1880
- Taxes$ 1353
- Price$ 500,000
- Bedrooms10
- Full Bathrooms4
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This meticulously-maintained 4-unit brick building is a gem waiting to be uncovered by savvy investors like you. Each unit boasts a winning combination of space and functionality. The first floors feature generous 2-bedroom layouts, complete with family room, dining room, kitchen, and the bonus of a duplex down to a finished basement, perfect for maximizing rental income potential. Meanwhile, the second floors offer spacious 3-bedroom residences with a bath, living room, and dining room. Say goodbye to carpet headaches! This building is adorned with a sleek mix of hardwood and tile floors throughout, ensuring durability and easy maintenance for years to come. With current rents below market value, there's ample room for growth. Three units are already occupied with month-to-month leases, while the fourth unit presents an ideal opportunity for house hacking or securing a new tenant at market rent. Benefit from recent upgrades including a brand-new back deck in 2023, a fully finished basement in 2021, plumbing and tuckpointing enhancements in 2020, electrical and window replacements in 2017, and a roof repair also in 2020. This means less hassle for you and increased appeal for potential renters. Situated in a rapidly evolving Auburn Gresham neighborhood, was selected as one of the priority communities for Chicago's INVEST South/West commercial corridor improvement strategy. The creation of new retail and residential spaces, as well as the renovation of existing buildings to support local businesses and improve the neighborhood's overall vitality. These efforts aim to stimulate economic growth, enhance infrastructure, and foster a vibrant community environment. Don't miss out on this chance to capitalize on a thriving market and unlock the full potential of this investment opportunity. Schedule your viewing today.
| Price History | |
|---|---|
| 5/12/2024 | Listed $500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing,Tenant's Rights |
| Roof | Flat |
| Year Built | 1880 |
| Township | South Chicago |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 26 |
| Status | Active |
| Directions | From 79th st South on Union Ave. |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Auburn Gresham |
| Waterfront Y/N | No |
| Street Name | Union |
| Tax Annual Amount | 1353.11 |
| Additional Parcels Y/N | Yes |
| Days on Market | 7 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Street Suffix | Avenue |
| Total Bedrooms | 10 |
| Total Baths | 4 |
| Bedrooms Possible | 10 |
| Basement | Partially Finished |
| Full Baths Building | 4 |
| Total Number of Units | 4 |
Exterior Features
| Parking Features | Assigned |
|---|---|
| Water Source | Public |
| Total Parking | 4 |
| Lot Dimensions | 4,971 SQ. FT |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60620
Price
Taxes
Visits
Year Built
