9020 Burley Avenue, South Chicago, Chicago, Illinois 60617
$388,000
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For Sale
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| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1888 |
| Property Taxes: | $3,484 |
| Days On Market: | 23 |
| Lot Size: | 0,00 |
Description
Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns. Conveniently located near parks, shopping, public transportation, schools, and commuter access, this property is positioned within an area seeing continued redevelopment and investment along Chicago's southeast corridor. A solid multifamily opportunity with strong rental potential and major mechanical updates already completed.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1888 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| — | |
| 12623193 | |
| 26062270240000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 14 Nov, 2018 | Sold | $35,000 | MRED MLS |
| 9 Oct, 2018 | Under contract | $39,900 | MRED MLS |
| 5 Oct, 2018 | Listed for sale | $39,900 | MRED MLS |
| 29 Dec, 2023 | Sold | $210,000 | MRED MLS |
| 30 Nov, 2023 | Under contract | $199,000 | MRED MLS |
| — | Last price change | $210,000 | MRED MLS |
| 9 Nov, 2023 | Listed for sale | $210,000 | MRED MLS |
| 18 May, 2026 | Under contract | $388,000 | MRED MLS |
| 8 May, 2026 | Listed for sale | $388,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 25X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $2,292 |
| 2023 | $1,008 |
| 2026 | $3,484 |
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Listing Provided By
Coldwell Banker Realty
