3048 80th Street, South Chicago, Chicago, Illinois 60617
$520,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1922 |
| Property Taxes: | $2,293 |
| Days On Market: | 203 |
| Lot Size: | 0,10 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1922 | |
| — | |
| MULTIUNIT | |
| No | |
| 0.1 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12353007 | |
| 21312050360000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 29 Mar, 2021 | Sold | $116,000 | MRED MLS |
| 12 Mar, 2021 | Under contract | $89,900 | MRED MLS |
| 1 Mar, 2021 | Listed for sale | $89,900 | MRED MLS |
| 16 Dec, 2022 | Sold | $399,000 | MRED MLS |
| 11 Nov, 2022 | Under contract | $399,000 | MRED MLS |
| 27 Oct, 2022 | Listed for sale | $399,000 | MRED MLS |
| 10 Jul, 2025 | Sold | $520,000 | MRED MLS |
| 11 May, 2025 | Under contract | $499,000 | MRED MLS |
| 2 May, 2025 | Listed for sale | $499,000 | 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: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 4762 | |
| — | |
| — | |
| — | |
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| Not in DB | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $1,878 |
| 2022 | $1,785 |
| 2025 | $2,293 |
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Listing Provided By
Straight-A Realty, LLC
